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
US Regulators Propose Stricter Rules on Bank Capital
28/07/2023
Fed governor Michelle Bowman said there is “insufficient evidence” that the benefits produced by the proposals would justify the costs.
Capital / Liquidity
HKMA, SFC Set Out Expectations Under New Regime for Depositaries
28/07/2023
Applications now being accepted under the new regulatory regime for depositaries of collective investment schemes.
Crypto / Digital Assets
US Lawmakers Advance Bills to Create Regulatory Clarity for Crypto
27/07/2023
The ‘Financial Innovation and Technology for the 21st Century Act’ has now advanced in key committees in the US House of Representatives.
Enforcement
Korea Establishes Interagency Investigative Team for Crypto
27/07/2023
Until new rules for the crypto sector come into force in 2024, the new investigative team will be charged with investigating unlawful trading activities.
ESG / Sustainability
IOSCO Announces Formal Endorsement of ISSB Standards
25/07/2023
IOSCO is now calling on regulators around the world to consider adopting the ISSB standards in their local jurisdictions.
Securities / Derivatives
Mainland Investors Cut Off from Using Northbound Stock Connect
25/07/2023
As of 25 July, exchange participants are not allowed to register new BCANs for clients who are Mainland investors.
Crypto / Digital Assets
FSS Korea Issues ‘Best Practices’ Guidance on Crypto-related Disclosures
25/07/2023
The FSS provides sample footnote disclosures for virtual asset issuers, holders, and exchanges, in line with new crypto asset accounting and disclosure guidelines.
Crypto / Digital Assets
Couple Responsible for 2016 Bitfinex Hack Reach Plea Deal
24/07/2023
The 119,754 bitcoin stolen was worth $71mn at the time of the hack. When the couple was arrested in Feb 2022, it was worth over $4.5mn.
Crypto / Digital Assets
Russian President Signs CBDC Bill Into Law
24/07/2023
The central bank will begin piloting a digital ruble in August, with 13 banks and about 30 enterprises from 11 cities participating.
Crypto / Digital Assets
Indonesia Launches National Cryptocurrency Exchange
24/07/2023
The new exchange will serve as the only trading venue in the country where digital assets can be exchanged legally.
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