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
US House Bill Offers Regulatory Framework for Crypto
02/08/2021
The bill would give the SEC authority over digital asset securities, the CFTC authority over digital assets, and the Fed authority to issue a digital dollar.
Crypto / Digital Assets
UPDATED – MAS Grants “In-Principle Approval” to First DPT Provider
02/08/2021
MAS has clarified that notices have been issued to several applicants and that “in-principle approval” is not an official term.
AML / KYC
Regulatory Pressure on Binance Builds With Malaysia Ban
01/08/2021
Malaysia’s SC has announced enforcement actions. Binance is winding down its derivatives business in Europe. India is probing its involvement in a betting probe.
Securities / Derivatives
CSRC Releases Latest Grades for Securities Firms
01/08/2021
Goldman Sachs Gaohua Securities, Morgan Stanley Huaxin, and Credit Suisse Founder Securities made the list for the first time.
Market Infrastructure
FMSB Finalises Standard on Use of Term SONIA
31/07/2021
Use cases for Term SONIA include trade finance, working capital products, Islamic finance, export finance, and emerging markets lending.
Crypto / Digital Assets
Ripple Opens Japan-Philippines Remittance Corridor
31/07/2021
Japan’s SBI Remit will connect with Coins.ph and crypto exchange SBI VC Trade to open the remittance corridor, leveraging Ripple’s on-demand liquidity service.
Securities / Derivatives
US SEC to Require New Disclosures from Chinese Issuers
31/07/2021
Chinese issuers with VIE structures will have to “prominently and clearly” disclose that they face uncertainty about future actions by the Chinese government.
Market Infrastructure
HKMA Updates Guidance on Bank Remuneration Systems
30/07/2021
Banks are expected to review their remuneration systems and adopt all necessary changes by 1 January 2022, the HKMA says.
Market Infrastructure
Singapore Offers Guidance on Converting Legacy SOR Contracts
29/07/2021
Guidance is offered on wholesale markets, corporate loans, derivatives, bonds and retail loans. A public education campaign will start in September 2021.
Market Infrastructure
Dealers Shift Default Rate for USD Linear Swaps to SOFR
28/07/2021
Market observers reported a sharp increase in SOFR swaps transacted, a trend said to be “clear and pronounced”.
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