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
First Citizens Bank to Takeover SVB Deposits and Loans
27/03/2023
The FDIC and First Citizens Bank & Trust Co will share the losses and potential recoveries on commercial loans made by SVB.
Capital / Liquidity
Industry Welcomes Regulator Commitments to Prioritise Bondholders
24/03/2023
Regulators respond to Swiss decision to wipe out Credit Suisse bondholders by pledging to respect the bank rescue hierarchy in a crisis.
Crypto / Digital Assets
US SEC Warns Coinbase of Impending Enforcement Action
24/03/2023
Coinbase met with the SEC 30 times over 9 months and spent millions of dollars trying to help it create a registration path for crypto exchanges.
AML / KYC
South Korea Issues Another Set of DPRK Sanctions
22/03/2023
The sanctions were imposed in the absence of a working multilateral mechanism to respond to its North Korea’s latest ICBM launch.
Capital / Liquidity
Secretary Yellen Indicates Intent to Protect Smaller Banks
22/03/2023
US Treasury Secretary Janet Yellen suggested further action could be taken, if needed, to protect other institutions that suffer deposit runs.
Market Infrastructure
JBATA Finalises Fallback Methodology for TIBOR Contracts
21/03/2023
JBATA has finalised the fallback provisions for cash products referencing JPY TIBOR or Euroyen TIBOR. The changes will take effect on 1 April.
AML / KYC
Singapore: New Bill Introduced to Facilitate Introduction of COSMIC
21/03/2023
The Bill provides FIs statutory protection from civil liability in respect of their disclosure of risk information on to COSMIC for the purposes of mitigating ML, TF and PF risks.
Capital / Liquidity
Swiss Regulators Orchestrate UBS Takeover of Credit Suisse
20/03/2023
The deal gives Credit Suisse shareholders shares in UBS worth just 40 percent of what their CS shares were worth on Friday.
Capital / Liquidity
US Regulators, Banks Agree Rescue Deal for First Republic Bank
16/03/2023
Eleven banks will deposit $30bn into regional lender First Republic Bank, which has suffered credit downgrades and stock price declines in recent days.
Securities / Derivatives
MAS Publishes Findings from Inspections of VC Fund Managers
16/03/2023
Some VCFMs did not make requisite disclosures to investors, have formalised policies and procedures in certain areas, and maintain a positive level of base capital.
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