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
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.
Securities / Derivatives
SHFE Approves Citi as Futures Margin Depository Bank
15/09/2023
The approval is the first granted to a US bank. It allows Citi to provide futures margin depository services to QFI clients trading in China’s commodity derivatives market.
Capital / Liquidity
RBI Revises Norms for Banks’ Investment Portfolios
15/09/2023
The RBI said the revisions will enhance the quality of financial reporting, bolster the corporate bond market, and strengthen bank risk management.
Market Infrastructure
Bloomberg Issues Consultation on Potential Cessation of BSBY
14/09/2023
In July, IOSCO effectively declared BSBY non-compliant. The administrator is now seeking feedback on whether to stop publishing the rate.
Capital / Liquidity
TLAC Shortfalls Widen at Chinese G-SIBs
13/09/2023
China’s big four banks have estimated TLAC shortfalls of around CNY 2.3 trillion based on requirements taking effect on 1 January 2025.
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