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
Enforcement
SEBI Investigating Alleged Stock Manipulation by Adani Group
30/01/2023
Short seller Hindenburg Research says the Adani Group engaged in stock price manipulation and accounting fraud over the course of decades.
Crypto / Digital Assets
White House Calls for Progress on US Crypto Legislation
30/01/2023
Congress should strengthen disclosure requirements for crypto firms and expand regulators’ powers to prevent misuses of customers’ assets and mitigate conflicts of interest, officials say.
Big Picture
Regulation Increasingly Seen as Effective Way to Boost Cyber Resilience
25/01/2023
New report by World Economic Forum and Accenture finds that 73% of business leaders think regulations are effective in reducing cyber risks.
AML / KYC
US SEC Fines Crypto Firm Nexo for Unregistered Securities Offering
20/01/2023
Nexo settled charges from US regulators for $45mn. The company was separately raided by Bulgarian authorities last week.
Crypto / Digital Assets
NAB to Launch AUD Stablecoin Around Mid Year
20/01/2023
NAB plans allow clients to use the stablecoin for repo transactions, cross-border remittances, and carbon credits trading.
AML / KYC
HKMA Consults on Changes to AML/CFT Guideline for Banks
19/01/2023
Banks must perform CDD on customers transferring virtual assets. Digital ID system iAM Smart can be used for identity verification.
AML / KYC
Authorities Dismantle Russia-Linked Crypto Firm Bitzlato
18/01/2023
Bitzlato facilitated $700mn in crypto transfers for Hydra users and received more than $15mn in ransomware proceeds.
Enforcement
China Further Signals End to Tech Sector Crackdown
18/01/2023
Didi passed its security review and is allowed to resume onboarding new customers. Government entities are acquiring “golden shares” in some tech giants.
Capital / Liquidity
RBI Proposes to Adopt ECL Approach for Loan Provisioning
17/01/2023
Indian banks currently still use the incurred loss model, which the RBI says delays NPA identification, loan reclassification, and provisioning.
Enforcement
Thailand: SEC’s Latest Tool to Protect Crypto Investors: Free E-Learning
16/01/2023
The ‘Crypto Academy’ is one of several measures the SEC has taken to protect crypto investors since local exchange Zipmex halted customer withdrawals in July 2022.
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