Manesh Samtani
Manesh Samtani is the Editor at Regulation Asia, where he leads the regional news desk from Hong Kong, directing coverage of critical regulatory developments impacting financial services across APAC. Manesh specialises in analysing how new rules and technologies are reshaping banking, capital markets, and the fight against financial crime, providing finance professionals, compliance leaders, and policymakers with the intelligence they need to navigate risk and understand the impact of regulatory change in the region. manesh@regulationasia.com
Articles by Manesh Samtani
Capital / Liquidity
US Regulators Announce $63m Settlement With Silvergate
03/07/2024
Silvergate, once a popular bank for crypto firms, agreed to penalties for AML noncompliance and misleading statements to investors.
Enforcement
SEC Lawsuit Against Binance May Proceed, Court Rules
03/07/2024
Binance already settled DOJ, Treasury and CFTC charges for $4.3bn, but the SEC’s case was not included in the settlement.
Securities / Derivatives
PBOC Set to Start Short-selling Government Bonds
03/07/2024
The PBOC said it will borrow government bonds from primary dealers in the open market, which would be a first for the central bank.
Capital / Liquidity
China Releases Second Draft of New Financial Stability Law
02/07/2024
The draft requirements for FIs to provide collateral to secure rescue funds from the new Financial Stability Guarantee Fund.
Capital / Liquidity
US Banks Pass Fed Stress Test, Declare Higher Dividends
02/07/2024
The “severely adverse” scenario showed that all 31 big banks tested could absorb nearly $685bn in losses and continue lending.
ESG / Sustainability
Hong Kong Launches Green FinTech Support Scheme
02/07/2024
The scheme aims to provide early-stage funding for green fintechs and ultimately improve sustainability reporting in Hong Kong.
AML / KYC
Wolfsberg Group Calls for More Effective Approach to SARs/STRs
01/07/2024
Wolfsberg Group says the value being derived from the constantly increasing volume of SARs/STRs is not contributing proportionately to effective outcomes.
AML / KYC
FATF Adds Monaco, Venezuela to Grey List; Removes Two Others
01/07/2024
The Plenary also adopted two new country assessments and approved five priorities for the incoming Mexican Presidency.
Crypto / Digital Assets
Korea: FSS, KISA to Collaborate on Crypto Investigations
27/06/2024
The MoU will establish a cooperative investigation system between the FSS and KISA for cyber incidents that disrupt the virtual asset market.
AML / KYC
Vietnam Made “Minimal Progress” to Address AML Deficiencies
27/06/2024
Vietnam was upgraded on just one recommendation for strengthening its correspondent banking requirements. The country is moved to enhanced follow-up.
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