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
Big Picture
Financial Sector “Highly Exposed” to Cyber Risks, IMF Warns
11/04/2024
This is the first time the IMF has assessed cybersecurity in its Global Financial Stability Report, which says cyber policy frameworks are “inadequate”.
Big Picture
BIS Paper Calls for Global Consistency in Stablecoin Regulation
11/04/2024
Despite commonalities in the regulatory efforts across jurisdictions, the regulatory landscape remains “diverse and fragmented”, the paper says.
Sanctions
US Treasury Official Calls for Expanded Tools to Target Crypto
10/04/2024
Without Congressional action, the use of virtual assets by terrorists, ransomware actors and rogue nations will only grow, said Wally Adeyemo.
AML / KYC
US Treasury and PBOC to Conduct Joint Financial Shock Exercises
09/04/2024
The exercises will help establish lines of communication between US and Chinese regulators and identify areas of potential cross-border contagion and other risks.
Crypto / Digital Assets
ESMA Calls on EU Commission to Clarify Aspects of DLT Pilot Regime
08/04/2024
Four applications have been received and eight others are expected in 2024, but no authorisations have been granted under the Regime.
Crypto / Digital Assets
New BIS Project Seeks Overhaul of Global Payment System
04/04/2024
Seven central banks will develop common infrastructure that can accommodate tokenised versions of wholesale central bank money and commercial bank deposits.
Big Picture
Industry Bodies Push Back Against BCBS Crypto Treatment
04/04/2024
ISDA, GFMA, FIA and other trade bodies say banks should not be penalised for trying to innovate with public permissionless blockchains.
Securities / Derivatives
BOK Forms Work Group to Promote Greater Use of KOFR
03/04/2024
Policymakers and industry participants are concerned that the widely-used CD rate may not be recognised internationally in the future.
Crypto / Digital Assets
HKMA to Explore Common Industry Standards for Digital Money
02/04/2024
Phase 2 of HKMA’s e-HKD testing initiative will explore the development of standards on interoperability and smart contract design.
AML / KYC
New Requirements Commencing for Crypto Firms in Singapore
02/04/2024
The amendments take effect in stages from 4 April 2024, with transitional arrangements for firms currently conducting activities under the expanded scope of the Payment Services Act.
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