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
Crypto / Digital Assets
RBA Selects Use Cases to be Tested in Live CBDC Pilot
03/03/2023
ANZ is involved in four case proposals; CBA is involved in two. Mastercard and Cuscal propose to use CBDC to enable consumers to buy NFTs.
Crypto / Digital Assets
Third FTX Executive Pleads Guilty to US Fraud Charges
01/03/2023
Nishad Singh created the software code that allowed FTX customer funds to be diverted to the Alameda Research hedge fund.
Crypto / Digital Assets
Class Action Alleges Banks, VC Firms Were Complicit in FTX Fraud
01/03/2023
The lawsuit seeks damages from four banks, one banking executive, ten investment firms, a law firm, and two accounting firms.
AML / KYC
New G7 Sanctions Target Russian Financial Services, Evasion Networks
27/02/2023
US Treasury says sanctioned actors use smaller banks and wealth management firms to evade sanctions. FATF has suspended Russia’s membership.
ESG / Sustainability
SEBI Consults on Regulatory Framework for ESG Disclosures, Ratings
24/02/2023
The BRSR framework will be enhanced to require assurance on ESG disclosures. SEBI also proposes mandatory requirements for ESG rating providers.
Crypto / Digital Assets
Hong Kong Budget to Advance Green, Crypto Hub Ambitions
23/02/2023
Financial Secretary Paul Chan announced in the government’s 2023-2024 budget that he will establish and lead a task force on virtual asset development.
Securities / Derivatives
ASX Sets Out New Roadmap for CHESS Replacement Solution
20/02/2023
ASX is giving away up to AUD 70 million to stakeholders in rebates and incentives to support their efforts in meeting project milestones.
Crypto / Digital Assets
SFC Consults on New Licensing Regime for Crypto Trading Platforms
20/02/2023
The consultation sets out requirements under the new licensing regime, including safeguards for retail investors, travel rule requirements, and maximum penalties for misconduct.
AML / KYC
Hong Kong Re-rated on Two FATF Recommendations
20/02/2023
Hong Kong was upgraded for extending AML/CFT supervision to most DNFBP sectors, but downgraded for virtual asset-related deficiencies.
Capital / Liquidity
EU Banks Will Have to Meet 1,250% Crypto Risk Weight Early
19/02/2023
A draft law confirms that the 1,250% risk weight set by the BCBS will apply to crypto asset exposures. But EU banks are asked to comply before the rule is legally binding.
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