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
Enforcement
NYAG Sues Crypto Firms Gemini, Genesis, DCG for Fraud
20/10/2023
“Gemini hid the risks of investing with Genesis, and Genesis lied to the public about its losses,” said AG Letitia James. The lawsuit says 230,000 investors lost more than $1bn.
Enforcement
ICAC Arrests Three in Joint Operation with SFC, AFRC
20/10/2023
The case involves suspicions of corporate fraud, corruption, and a conspiracy between a ramp-and-dump syndicate and two listed companies.
Crypto / Digital Assets
ESMA Calls on NCAs, Crypto Firms to Start Preparing for MiCA
20/10/2023
ESMA is concerned that MiCA’s optional grand-fathering period might allow some crypto firms to continue operating without a full licence all the way until July 2026.
AML / KYC
KoFIU Calls on Financial Industry to Bolster AML Efforts
20/10/2023
AML evaluations identified independent audit, customer verification, and manpower shortages as areas for improvement. More attention is also needed on virtual assets.
ESG / Sustainability
Taiwan Carbon Exchange to Launch First Credits by Year End
19/10/2023
TCX chairman Sherman Lin said international carbon credits will be available before domestic carbon credits, which might take until 2025.
Market Infrastructure
NDRC, HKMA to Promote Mainland Bond Issuance in Hong Kong
19/10/2023
The MoU was signed at the Belt and Road Forum, where 100-plus other agreements were also signed and Xi Jinping unveiled further plans to support the initiative.
Securities / Derivatives
Korea: Registration for Trading FX Market Opens for Foreign Firms
19/10/2023
Bank of Korea said about 30 overseas FIs have expressed interest in participating in the domestic FX market when access opens in January.
Sanctions
US & Allies Reimpose Iran Sanctions Following UNSCR Expiry
19/10/2023
A 2015 UN Security Council resolution targeting Iran’s ballistic missile, nuclear, and drone programmes has expired.
ESG / Sustainability
MAS Issues Net Zero Transition Planning Guidelines for FIs
19/10/2023
Banks, insurers, and asset managers must “actively support” borrowers, insured parties, and investee companies to progressively decarbonise.
ESG / Sustainability
ASEAN Regulators Endorse Transition Finance Guidance, CIS Handbook
18/10/2023
The transition finance guidance and handbook for cross-border offerings of sustainable funds were endorsed at the 39th ACMF Chairs’ Meeting.
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