Posts By Manesh Samtani, Regulation Asia
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177New Regulatory Regime for Hong Kong Auditors Takes Effect
Manesh Samtani, Regulation Asia October 5, 2022The AFRC can subject auditors who commit misconduct to penalties up to HKD 10 million, or three times profit gained, whichever is higher.
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235BSP Issues Guidance for Banks on E&S Risk Management
Manesh Samtani, Regulation Asia October 5, 2022Banks must develop ESRM systems that assess environmental and social risks arising from their operations, products, services, transactions, activities, and operating environment.
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253US Regulators Call for New Laws for Crypto, Stablecoins
Manesh Samtani, Regulation Asia October 4, 2022FSOC report calls for legislation to establish stablecoin regulation, supervisory authority over crypto asset entities, and rulemaking authority over crypto-asset spot markets.
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311BIS Paper Offers Options for Regulating Big Tech
Manesh Samtani, Regulation Asia October 4, 2022One option is to group financial activities into a dedicated subgroup under an FHC structure. A second is to create a new regulatory category for big tech financial groups.
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241BCBS Cryptoasset Treatment Will Hinder Innovation: JBA
Manesh Samtani, Regulation Asia October 4, 2022Japan Bankers Association says the proposed infrastructure risk add-on will discourage banks from developing new DLT businesses.
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365US, UK, Canada, Australia Announce More Russia Sanctions
Manesh Samtani, Regulation Asia October 3, 2022The sanctions are a response to Putin's attempt to annex four regions of Ukraine, after holding referendums that have been denounced as illegal and coercive.
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337HKMA Publishes Initial Observations from AMLab Series
Manesh Samtani, Regulation Asia October 3, 2022The HKMA plans to run a network analytics-themed AMLab again later this year to give more banks an opportunity to take part.
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330G7 Nations Imposing New Russia Sanctions Over “Sham” Referendums
Manesh Samtani, Regulation Asia September 30, 2022The EU package includes an oil price cap and a complete ban on providing crypto services to Russians. UK targets include Gazprombank, Sberbank and Sovcombank board members.
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364HKMA Unveils Details of Financial Forum to be Held in November
Manesh Samtani, Regulation Asia September 30, 2022Financial Secretary Paul Chan said this week that "bold reforms" are in the pipeline to attract talent and enterprises to the city.
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224India’s CCIL Proposes to Create Infrastructure for UMR Compliance
Manesh Samtani, Regulation Asia September 29, 2022CCIL says market participants have expressed a desire since 2016 for it to provide the centralised infrastructure needed for UMR compliance.
