Manesh Samtani
Manesh Samtani is the Editor at Regulation Asia, where he leads the regional news desk from Hong Kong, directing coverage of critical regulatory developments impacting financial services across APAC. Manesh specialises in analysing how new rules and technologies are reshaping banking, capital markets, and the fight against financial crime, providing finance professionals, compliance leaders, and policymakers with the intelligence they need to navigate risk and understand the impact of regulatory change in the region. [email protected]
Articles by Manesh Samtani
Capital / Liquidity
Continued Vigilance Needed from Banks, Supervisors: BCBS
07/06/2023
The BCBS highlighted the need for ongoing monitoring and mitigation of near-term interest rate and credit risk.
Crypto / Digital Assets
US SEC Seeks Emergency Freeze on Binance Assets
07/06/2023
The emergency motion comes a day after the SEC charged Binance and its CEO for alleged securities law violations.
Crypto / Digital Assets
US SEC Charges Coinbase for Alleged Securities Law Violations
06/06/2023
Ten US states separately accused Coinbase of securities law violations. CEO Brian Armstrong said the SEC lawsuit will help establish clarity around crypto rules.
Capital / Liquidity
BIS Head Calls For “More Intrusive” Banking Supervision
06/06/2023
Agustín Carstens says supervisors need to continuously seek to improve their capabilities by accessing greater resources and leveraging technology.
Securities / Derivatives
Changes to Position Limit Regime to Take Effect in December: SFC
06/06/2023
Asset managers will have primary responsibility for position limit compliance and reporting obligations at the individual fund or sub-fund level.
Crypto / Digital Assets
US SEC Charges Binance for “Elaborate Scheme” to Evade Law
06/06/2023
CEO Changpeng Zhao said the lawsuit was the latest example of “regulation by enforcement” and that the SEC seeks a “near eradication” of the crypto industry.
AML / KYC
SFC Issues Guidance on Crypto Licensing Transitional Arrangements
05/06/2023
Crypto firms with “meaningful and substantial presence” in Hong Kong prior to 1 June 2023 can continue to provide services.
AML / KYC
EU, Canada Sanction Moldova Nationals for ‘Destabilising’ Activities
04/06/2023
Four individuals are on both sanctions lists for supporting a Russian plan to overthrow the Moldovan government.
Market Infrastructure
Regulators Urge Firms to Complete LIBOR Transition Efforts
04/06/2023
At least $700bn worth of junk rated US corporate loans are still priced using USD LIBOR, according to estimates.
AML / KYC
MAS Introduces Reporting Obligations for Exempted Payments Firms
01/06/2023
Crypto firms still under a PSA exemption have to report the total number of “higher risk customers” they serve, such as PEPs and their close associates.
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