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
PBOC, NFRA Publish 2023 List of D-SIBs With One Addition
26/09/2023
Bank of Nanjing was added to the list, bringing the total number of domestic systemically important banks in China to 20.
ESG / Sustainability
Japan to Launch First Exchange-based Carbon Market Next Month
24/09/2023
The new carbon credit market will allow trading in J-Credits, which are certified by the government and have already been circulating in Japan since 2013.
Capital / Liquidity
APRA Considers Options for Making AT1 Bonds More Useful
21/09/2023
APRA notes that most AT1 bonds in Australia are held by retail investors, which could make it more challenging to write them down in a bank resolution.
Securities / Derivatives
SGX RegCo Proposes Changes to Derivatives Trading Rules
21/09/2023
The amendments update the requirements pertaining to customer margining and introduce rules to govern the use of algorithmic trading.
AML / KYC
FATF, INTERPOL Host Second Ever Joint Engagement on Asset Recovery
21/09/2023
FATF president T Raja Kumar said there needs to be a major mindset and culture shift to focus on asset recovery as a national law enforcement priority.
Crypto / Digital Assets
NYDFS Proposes Enhanced Requirements for Crypto Token Listings
20/09/2023
Licensees will have to board-approved policies for listing and delisting coins. NYDFS asks firms to start drafting their coin-delisting policies now.
Enforcement
Hong Kong Police Arrest Eight in JPEX Crypto Fraud Case
19/09/2023
Police said complaints have been received from 1,641 investors reporting HKD 1.2 billion in losses, making it the single largest fraud case in Hong Kong’s history.
Big Picture
WFE Calls on Policymakers to Better Promote Equity Markets
19/09/2023
From a policy perspective, it is important not to approach market-based finance in the same way as banking, the WFE says.
Fintech / Regtech
SFC to Commence Review of Industry Cybersecurity Practices
18/09/2023
Commencing this month, the review will entail a survey of licensed corporations as well as meetings and on-site inspections with selected firms.
Enforcement
MAS Imposes 9-Year Ban on Directors of Three Arrows Capital
15/09/2023
MAS reprimanded the bankrupt crypto hedge fund for regulatory violations last June. The regulator has since uncovered additional violations.
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