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
Capital / Liquidity
BSEC Secures Pledge from Brokers to Support Stock Market
10/08/2022
Merchant bankers also agreed to provide support. Listed companies were asked to form market-making subsidiaries. Bangladesh Bank amended its rules on calculating bank exposure limits.
AML / KYC
OFAC Sanctions Crypto Mixing Service Tornado Cash
09/08/2022
The US Treasury Department says Tornado Cash has been used to launder over USD 7 billion worth of crypto since it was created in 2019.
ESG / Sustainability
SEBI Proposes Enhancements to Green Bond Framework
08/08/2022
SEBI proposes to expand the framework to cover more of India’s commitments from COP26, introduce the concept of ‘blue bonds’, and enhance disclosures.
Crypto / Digital Assets
Senate Bill Would Grant CFTC Authority Over Bitcoin, Ether
05/08/2022
The bill would amend the Commodity Exchange Act to include a new commodity category called “digital commodities” that includes Bitcoin and Ether.
Crypto / Digital Assets
FCA Finalises Advertising Rules for High-risk Financial Products
04/08/2022
Rules for cryptoasset promotions will be published after new legislation confirms how crypto will be brought into the FCA’s remit.
AML / KYC
ECB Analyses Options for Enhancing Cross-Border Payments
04/08/2022
Bitcoin and stablecoins are “unlikely” to be the “holy grail” of cross-border payments. Interlinked domestic payment systems and interoperable CBDCs show the most promise.
ESG / Sustainability
RBI Publishes Paper on Climate Risk, Sustainable Finance
04/08/2022
The paper offers guidance for FIs on managing climate risk. The RBI also published results from a survey to assess banks’ readiness to address climate risk.
Securities / Derivatives
US SEC Adds Alibaba to List of Firms Facing Delisting Threat
03/08/2022
Chinese regulators have tried to mollify US regulators, but the PCAOB says it will accept nothing less than “full access” to the audit papers of US-listed Chinese companies.
AML / KYC
UK Launches UBO Register for Foreign-owned Property
03/08/2022
The register requires foreign buyers of UK property to disclose their true beneficial ownership and verify their identities with Companies House.
Crypto / Digital Assets
MAS Grants DPT Licences to Sparrow, Digital Treasures Center
02/08/2022
Sparrow and DTC were granted in-principle approval earlier this year. MAS will be consulting on proposed measures to enhance its regulatory framework in the next few months.
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