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
Enforcement
IOSCO Proposes Measures to Address Risks from Online Marketing
18/01/2022
IOSCO proposes policy and enforcement measures to address risks in online marketing and distribution of financial products to retail investors.
AML / KYC
Crime Becoming Smaller Part of Crypto Ecosystem: Report
17/01/2022
Chainalysis estimates that illicit wallet addresses received $14bn throughout 2021, but this represented just 0.15% of total transaction volumes in crypto during the year.
UOB to Acquire Citi Consumer Banking Units in Four Markets
17/01/2022
The transaction is estimated to reduce UOB’s CET1 ratio by 70 basis points to 12.8 percent, which is considered not material and “well within regulatory requirements”.
Capital / Liquidity
HKMA Issues Draft Guidance on Liquidity and Funding in Resolution
16/01/2022
The HKMA expects banks to be able to model liquidity and funding needs in a resolution scenario over various time horizons.
Big Picture
FRTB Will Turn Banks Away from Fund Investment Activity
13/01/2022
The FRTB treatment of equity investments in funds is “excessively conservative” and could prompt banks to reduce their activity in the sector, ultimately weakening the market.
Market Infrastructure
JSCC Launches New Clearing System for JGBs
12/01/2022
As part of the launch, the JSCC has introduced a new framework for netting settlements between cash/repo transactions and JGB futures.
Market Infrastructure
TSE Publishes Market Segment Selections by Listed Companies
12/01/2022
To prepare for the Tokyo Stock Exchange’s reorganisation in April, listed companies had to select their new market segments.
Market Infrastructure
CBIRC Issues New Guidelines on Managing Outsourcing Risk
10/01/2022
The guidelines emphasise the need for appropriate governance, differentiated controls based on the importance of outsourced functions, and awareness of concentration risk.
Securities / Derivatives
CSRC to Introduce Market Makers to Shanghai STAR Market
09/01/2022
Securities firms would be eligible to act as market-makers if they have net capital above CNY 10 billion and a classification rating of Class A or higher.
AML / KYC
DPRK Sanctions Evasion Not Being Captured by Regulation
07/01/2022
Gatekeeper professions play an important role in facilitating North Korean sanctions evasion, RUSI says in a new paper.
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