Posts By Manesh Samtani, Regulation Asia
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528BNM Unveils Five Year Blueprint to Develop Financial Sector
Manesh Samtani, Regulation Asia January 25, 2022The blueprint contains plans to advance financial sector digitalisation, develop an open data ecosystem, and improve efficiency in cross-border payments.
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427US May Soon Unveil Regulatory Approach for Crypto – Report
Manesh Samtani, Regulation Asia January 25, 2022A government-wide strategy for digital assets may be released in a White House executive order as early as next month.
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479IMF Commends Hong Kong Efforts to Safeguard Stability
Manesh Samtani, Regulation Asia January 24, 2022Hong Kong banks' exposures to the mainland property market warrant continued close monitoring and periodic stress testing.
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461OFAC Sanctions Ukrainian Nationals Identified as “FSB Pawns”
Manesh Samtani, Regulation Asia January 24, 2022The action is separate from the "broad range of high impact measures" the US and its allies may impose if Russia invades Ukraine.
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951OJK Indonesia Launches Green Taxonomy, Sets Policy Priorities
Manesh Samtani, Regulation Asia January 21, 2022OJK says the taxonomy will enable the financial sector to classify green activities within their portfolios, facilitate monitoring of credit and investment flows into the green sector, and prevent greenwashing.
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617SFC Fines Zhonghui International Futures for KYC/AML Failures
Manesh Samtani, Regulation Asia January 21, 2022This is the second fine imposed against a firm over the use of a customer supplied system called Xinguanjia, which allows the creation of subaccounts that can be operated by a third party.
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387ASX Recalibrates Capital Requirements for Clearing Participants
Manesh Samtani, Regulation Asia January 20, 2022An October 2020 proposal to introduce 'Adjusted Liquid Capital' as a single capital measure will be implemented no earlier than February 2023, with some adjustments.
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529HKMA Emphasises PvP Settlement in Revised FX Guidance
Manesh Samtani, Regulation Asia January 19, 2022Banks should aim to have all their FX trades become eligible for PvP settlement, while also encouraging counterparties to do the same.
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483CBIRC Targets Related Party Transactions with New Rules
Manesh Samtani, Regulation Asia January 19, 2022Banks and insurers have to put in place mechanisms to identify, monitor and manage related parties and related party transactions by March 2022.
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867IOSCO Proposes Measures to Address Risks from Online Marketing
Manesh Samtani, Regulation Asia January 18, 2022IOSCO proposes policy and enforcement measures to address risks in online marketing and distribution of financial products to retail investors.
