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
European Parliament Gives Final Approval on MiCA Law
21/04/2023
MiCA is expected to come into force around July; provisions relating to stablecoins from July 2024; and provisions relating to CASPs and the travel rule from January 2025.
Sanctions
Lack of Vessel Ownership Data an Indicator of High Risk
20/04/2023
69.2% of vessels with unknown beneficial owners have engaged in risky or sanction-violating behaviour, report finds.
Crypto / Digital Assets
BIS, BOE Unveil Findings from Payments Synchronisation Project
19/04/2023
Project Meridian demonstrated the ability to synchronise property ownership transfer with payment settlement using central bank money.
Crypto / Digital Assets
SEC Chair Gensler Defends Regulatory, Anti-Crypto Agenda
19/04/2023
Regulation by enforcement is not sufficient nor sustainable, House Financial Services Committee chair Patrick McHenry told SEC chair Gary Gensler.
AML / KYC
New Singapore Bills Target Money Mules, Singpass Abuse
18/04/2023
The MHA and SNDGO proposed amendments that will empower the police to prosecute money mules and those who sell and trade Singpass credentials.
Market Infrastructure
DSB Launches UPI User Acceptance Test Environment
17/04/2023
The UAT environment will help the industry prepare for incoming OTC derivatives reporting requirements. The full UPI Service will launch on 16 October 2023.
ESG / Sustainability
HKEX: Climate-related Disclosures to Become Mandatory in 2024
16/04/2023
New rules aligned with the TCFD recommendations and the ISSB Climate Standard will become effective in January 2024.
AML / KYC
Working Group Formed to Update Crypto’s IVMS101 Standard
16/04/2023
The working group will update the IVMS101 standard and develop other standards to create “greater consistency and integrity” within the crypto ecosystem.
Capital / Liquidity
FDIC Official Says 2018 Rule Changes Did Not Cause SVB Failure
14/04/2023
SVB’s collapse was mostly attributable to mismanagement of interest rate risk. Regulatory change should be evaluated “thoughtfully”.
Market Infrastructure
FSB Proposes Standard Global Approach to Cyber Incident Reporting
14/04/2023
The FSB will establish a new working group to further develop its proposed ‘format for incident reporting exchange’, known as FIRE.
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