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
Fintech / Regtech
UK FCA Outlines Plans for Regulating AI and Big Tech
16/07/2023
The FCA will address competition issues raised by Big Tech firms and potentially expand the SMCR to apply to “the most senior individuals managing AI systems”.
UK Supreme Court Rules for Barclays in APP Fraud Case
14/07/2023
Customer argued Barclays owed her a duty to not comply with her instructions if the bank suspected she was being defrauded.
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.
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