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
AML / KYC
FTX, Alameda Execs Plead Guilty to US Fraud Charges
23/12/2022
Caroline Ellison and Gary Wang are cooperating with the investigation into FTX, Alameda and Sam Bankman-Fried, who has been extradited to the US.
Fintech / Regtech
SFC Calls Out Brokers for Slow Implementation of its Data Standards
23/12/2022
Brokers are directed to assign one or more MICs to oversee the implementation of the Data Standards, which was meant to be completed in April 2021.
Market Infrastructure
ASIC Finalises Changes to OTC Derivatives Reporting Rules
22/12/2022
ASIC has consolidated a proposed two-stage process for updating the rules into a single update commencing 21 October 2024.
Fintech / Regtech
HKMA Issues Guidance on Using Digital Platforms to Offer Credit
21/12/2022
With the growing popularity of digital platforms to apply for credit products, banks are “reminded to ensure proper protection of their customers”, the HKMA said.
ESG / Sustainability
Korea Establishes New Sustainability Standards Board Under KASB
20/12/2022
The Korea Sustainability Standards Board will participate in international discussions and develop a new ESG disclosure system to be used domestically.
Market Infrastructure
FSB Offers LIBOR Transition Update, Warns of ‘Residual Risks’
19/12/2022
Regulators continue to express concerns that the use of Term SOFR and credit sensitive rates could draw away liquidity from the overnight SOFR derivatives markets.
Capital / Liquidity
Basel Rules for Cryptoassets to Take Effect in Jan 2025
19/12/2022
1,250% risk weight not applicable to custodied assets. Infrastructure risk add-on no longer mandatory. Gross limit on total Group 2 exposures raised from 1% to 2%.
ESG / Sustainability
Japan Finalises Code of Conduct for ESG Data Providers
19/12/2022
The FSA is now calling on ESG evaluation and data providers to endorse the code of conduct, publish it on their websites, and notify the regulator.
Market Infrastructure
US Regulators Deem Audit Inspections of Chinese Firms a Success
16/12/2022
The PCAOB did identify some deficiencies in their inspection work, but it was able to view complete audit work papers with no redactions.
Crypto / Digital Assets
Australia Seeks Input on Strategic Plan for Payments System
15/12/2022
The government will also empower the RBA to regulate digital wallet providers and improve the regulatory framework for crypto service providers.
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