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
China Promotes Perpetual Bonds to Replenish Bank Capital
31/12/2018
The FSDC has given the green light to allow commercial banks to replenish their capital through issuing perpetual bonds. Bank of China likely to be the first to do so.
Market Infrastructure
UPDATED – China’s Asset Management Sector Set for Shake-Up
28/12/2018
Up to 22 banks have announced plans to set up new wealth management subsidiaries which could end up taking market share from asset management firms.
Market Infrastructure
European Commission Unveils No-Deal Brexit Contingency Plan
21/12/2018
The 14-point plan includes conditional equivalence for UK CCPs and CSDs as well as delegated regulations to facilitate the novation of OTC derivatives contracts.
Capital / Liquidity
APRA Asked to Reconsider Tough Stance on Capital Requirements
19/12/2018
Australian banks are reportedly lobbying for APRA to loosen its tough stance on the capital requirements it proposed last month, as funding costs rise more than expected.
Crypto / Digital Assets
Japan FSA Publishes New Draft Framework on Crypto Assets
19/12/2018
The framework will impose restrictions on privacy coin listings, margin trading, derivative transactions and ICOs, and introduce new requirements to protect investors against hacks.
Market Infrastructure
Post-Crisis Reforms Need Recalibration for Repo Markets – GFMA, ICMA
17/12/2018
A new report calls on the FSB and BCBS to review and recalibrate post-crisis prudential standards in relation to their impacts on repo and securities lending markets.
Market Infrastructure
European Commission Drafts Decision on UK Clearinghouse Equivalence
13/12/2018
The European Commission’s draft provides the legal means to grant UK clearinghouses equivalence rights in the EU for 12 months in a no-deal Brexit scenario.
Capital / Liquidity
IMF Commends Hong Kong for Strong Buffers, Robust Policy Frameworks
12/12/2018
Years of prudent macroeconomic policies and robust financial regulation and supervision will help Hong Kong weather possible domestic and external shocks, the IMF says.
Fintech / Regtech
NAB to Migrate Core Banking Systems to Cloud
12/12/2018
National Australia Bank plans to migrate more than 300 applications, including some core banking systems, to a public cloud by the end of 2019.
Big Picture
Cyber Risk, Brexit Among Top Threats for 2019 – Survey
11/12/2018
Cybersecurity, geopolitical risks and Brexit were found to be the top three risks with possible systemic consequences for 2019, according to a new survey by DTCC.
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