
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. manesh@regulationasia.com

Crypto / Digital Assets
FSB Delivers Key Updates on Crypto, Climate to G20
14/07/2023
The FSB said attention must now turn to implementation of its new crypto regulatory standards; Updated roadmap on climate risks is published.

Big Picture
BIS Releases Three Reports Covering Crypto, Stablecoins, CBDC
13/07/2023
One report says explains why crypto assets are ill-suited to play a significant role in the monetary system. The other two discuss CBDC progress.

Big Picture
Collateral Use Can Introduce Financial Stability Risks: BIS Officials
12/07/2023
Using collateral reduces incentives for borrower screening and monitoring and can undermine the safe haven status of government securities.

Market Infrastructure
UK to Reverse MiFID II Research Unbundling Rules
12/07/2023
The move is aimed at enhancing the appeal of the UK’s financial services sector and foster a more vibrant and competitive research environment.

Crypto / Digital Assets
GDF Finalises Standards for Global Cryptoasset Market
11/07/2023
Similar to the FX Global Code, the Standards include a “Statement of Commitment” form, allowing market participants to voluntarily sign up.

Capital / Liquidity
US Fed Proposes Stricter Capital Rules for Major Banks
11/07/2023
Michael Barr said the proposed changes would not be fully effective for “some years” because of the rulemaking process and the transition period provided.

Capital / Liquidity
Korean Authorities Work to Ease Concerns After Bank Run
10/07/2023
The FSC established a crisis response team late last week in response to a bank run at a major credit cooperative.

Crypto / Digital Assets
BIS Issues Security and Resilience Framework for CBDC Systems
10/07/2023
The framework offers a seven step model to guide central banks in designing, implementing and operating secure and resilient CBDC systems.

Capital / Liquidity
FSB to Conduct “In-depth” Review of G-SIB Resolution Framework
07/07/2023
FSB members also approved the high-level recommendations for crypto-assets and stablecoins, which will be submitted to the G20 for endorsement this month.

Capital / Liquidity
BCBS Proposes Revisions to Core Principles for Effective Banking Supervision
06/07/2023
The amendments cover a wide range of topics, addressing climate, digitalisation, interest rate risk, cyber risk, counterparty credit risk, and bank culture.
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