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
AML / KYC
FATF Removes Switzerland from Enhanced Follow-Up
24/10/2023
The FATF upgraded Switzerland’s ratings on two recommendations in response to law reforms that took effect at the beginning of 2023.
AML / KYC
FATF Upgrades Japan Ratings on Five Recommendations
24/10/2023
Japan was re-rated from partially compliant to largely compliant on four recommendations and from non compliant to partially compliant on one recommendation.
Big Picture
New Paper Sheds Light on CCP Credit Risk Management Practices
23/10/2023
The paper from CCP Global provides information on how CCPs conduct ongoing credit monitoring to make informed risk assessments and safeguard market integrity.
Crypto / Digital Assets
SFC, HKMA Issue New Joint Circular on Virtual Assets
22/10/2023
The circular supersedes a similar circular from January 2022, setting out additional requirements for intermediaries providing virtual asset services to retail investors.
Enforcement
NYAG Sues Crypto Firms Gemini, Genesis, DCG for Fraud
20/10/2023
“Gemini hid the risks of investing with Genesis, and Genesis lied to the public about its losses,” said AG Letitia James. The lawsuit says 230,000 investors lost more than $1bn.
Enforcement
ICAC Arrests Three in Joint Operation with SFC, AFRC
20/10/2023
The case involves suspicions of corporate fraud, corruption, and a conspiracy between a ramp-and-dump syndicate and two listed companies.
Crypto / Digital Assets
ESMA Calls on NCAs, Crypto Firms to Start Preparing for MiCA
20/10/2023
ESMA is concerned that MiCA’s optional grand-fathering period might allow some crypto firms to continue operating without a full licence all the way until July 2026.
AML / KYC
KoFIU Calls on Financial Industry to Bolster AML Efforts
20/10/2023
AML evaluations identified independent audit, customer verification, and manpower shortages as areas for improvement. More attention is also needed on virtual assets.
ESG / Sustainability
Taiwan Carbon Exchange to Launch First Credits by Year End
19/10/2023
TCX chairman Sherman Lin said international carbon credits will be available before domestic carbon credits, which might take until 2025.
Market Infrastructure
NDRC, HKMA to Promote Mainland Bond Issuance in Hong Kong
19/10/2023
The MoU was signed at the Belt and Road Forum, where 100-plus other agreements were also signed and Xi Jinping unveiled further plans to support the initiative.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team