Manesh Samtani
Manesh manages the news desk and serves as an editor at Regulation Asia. He covers regulatory changes across Asia Pacific that impact banking, capital markets, asset management, and financial services more generally. Manesh is a former trader and investment consultant with a degree in Finance and Banking. [email protected]
Articles by Manesh Samtani
Enforcement
Australian Court Orders A$3.3mn Penalty for Westpac BBSW Misconduct
11/11/2018
The penalty is far less than the combined A$125mn that NAB, ANZ and CBA paid to settle their own BBSW cases with ASIC out of court.
Market Infrastructure
ESMA Proposes Relief from EMIR Clearing Obligation in No-Deal Brexit
09/11/2018
In a no-deal Brexit, ESMA’s proposal would give EU firms 12 months to replace UK counterparties in legacy derivative contracts without triggering the EMIR clearing obligation.
Capital / Liquidity
APRA Proposes Higher Capital Requirements for Big Four Banks
08/11/2018
The banking regulator is seeking feedback on a proposal to increase the Total Capital requirement for Australia’s D-SIBs by 4-5% of risk-weighted assets by 2023.
Market Infrastructure
DTCC Enters Test Phase on DLT Project for Credit Derivatives
08/11/2018
The initiative to re-platform DTCC’s Trade Information Warehouse will “revolutionise the derivative industry’s credit market infrastructure”, says DTCC’s Chris Childs.
Big Picture
US-China Trade Dispute Poses Risk for Singapore Banks – Moody’s
07/11/2018
Singapore banks face greater asset risk in 2019, with both Moody’s and Fitch expecting loan growth to moderate amid worsening global conditions.
Securities / Derivatives
Shanghai Stock Exchange to Launch New Technology Board
06/11/2018
Announced by President Xi Jinping, the new science and technology board will subject innovative enterprises to different profitability and ownership requirements.
Market Infrastructure
NZ Banking Conduct, Culture Review Finds ‘Significant Weaknesses’
05/11/2018
But conduct and culture issues do not appear to be widespread at banks in New Zealand, the FMA and RBNZ said, citing only ‘a small number of issues’ related to poor conduct by bank staff.
Enforcement
APRA Gets A$60mn in New Funding, Byres 5-Year Reappointment
05/11/2018
Following Royal Commission findings that APRA never took a financial institution to court, the agency said it needed more funding to take a more aggressive enforcement approach.
Crypto / Digital Assets
Hong Kong Targets Investor Protection in New Approach to Crypto Regulation
02/11/2018
The SFC will bring crypto-asset portfolio managers, fund distributors and eventually exchanges under its regulatory net, said Ashley Alder at Hong Kong Fintech Week.
Fintech / Regtech
HKMA Launches Blockchain-based Trade Finance Platform ‘eTradeConnect’
01/11/2018
Launched at Hong Kong Fintech Week, eTradeConnect improves trade efficiency by automating trade finance processes using blockchain technology.
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