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. manesh@regulationasia.com
Articles by Manesh Samtani
Capital / Liquidity
UK to Defer Basel III Implementation to July 2025
26/09/2023
The BOE had planned to implement Basel III in January 2025 to align with the EU. It is now planning for implementation in July 2025, to align with the US.
AML / KYC
US SEC Settles ESG Misstatements and AML Cases Against DWS
26/09/2023
DWS said it stands by the ESG statements made in its financial disclosures and fund prospectuses and has already taken steps to address weaknesses.
Crypto / Digital Assets
India to Develop New Surveillance Tool for Crypto & Dark Web
26/09/2023
The tool will also contain a comprehensive database of all known crypto exchanges worldwide, along with their contact information, for use in investigations.
Capital / Liquidity
PBOC, NFRA Publish 2023 List of D-SIBs With One Addition
26/09/2023
Bank of Nanjing was added to the list, bringing the total number of domestic systemically important banks in China to 20.
ESG / Sustainability
Japan to Launch First Exchange-based Carbon Market Next Month
24/09/2023
The new carbon credit market will allow trading in J-Credits, which are certified by the government and have already been circulating in Japan since 2013.
Capital / Liquidity
APRA Considers Options for Making AT1 Bonds More Useful
21/09/2023
APRA notes that most AT1 bonds in Australia are held by retail investors, which could make it more challenging to write them down in a bank resolution.
Securities / Derivatives
SGX RegCo Proposes Changes to Derivatives Trading Rules
21/09/2023
The amendments update the requirements pertaining to customer margining and introduce rules to govern the use of algorithmic trading.
AML / KYC
FATF, INTERPOL Host Second Ever Joint Engagement on Asset Recovery
21/09/2023
FATF president T Raja Kumar said there needs to be a major mindset and culture shift to focus on asset recovery as a national law enforcement priority.
Crypto / Digital Assets
NYDFS Proposes Enhanced Requirements for Crypto Token Listings
20/09/2023
Licensees will have to board-approved policies for listing and delisting coins. NYDFS asks firms to start drafting their coin-delisting policies now.
Enforcement
Hong Kong Police Arrest Eight in JPEX Crypto Fraud Case
19/09/2023
Police said complaints have been received from 1,641 investors reporting HKD 1.2 billion in losses, making it the single largest fraud case in Hong Kong’s history.
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