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
Big Picture
Bank Culture Regarded as Critical Governance Priority: Report
16/05/2022
Financial regulators are prioritising psychological safety, ‘speak up’ culture, and the ability to “predict and prevent” stakeholder harm, says a report from Starling.
AML / KYC
ISDA AGM Highlights Global Scrutiny of Crypto Sector
14/05/2022
Senior officials from the FSB, Basel Committee, US SEC, and CFTC spoke at ISDA’s AGM about the need for more regulation in the crypto sector.
Market Infrastructure
UK Unveils Legislative Agenda for Financial Services, Markets
12/05/2022
The agenda includes support for safe crypto adoption, stronger powers to tackle illicit finance, and better fraud protections for consumers.
Fintech / Regtech
TerraUSD Collapse Highlights Need for Stablecoin Regulation: Yellen
12/05/2022
The world’s fourth largest stablecoin lost its peg this week, trading as low as 23 cents to the dollar on Wednesday.
Fintech / Regtech
Opposition to CBDC Based on Misconceptions, RBNZ Says
11/05/2022
Respondents to the RBNZ’s consultation have expressed concerns that cash and privacy would be at risk of disappearing if a CBDC is issued.
Fintech / Regtech
ASIC to Issue Derivatives Reporting Consultation Soon
11/05/2022
ASIC’s Alex Orgaz-Barnier says APAC regulators are targeting a common implementation date and alignment to the greatest extent possible.
Big Picture
Out-of-Court SME Restructuring Protects Financial Stability: FSB
10/05/2022
Jurisdictions should assess their out-of-court corporate debt workout frameworks and reduce barriers to access for SMEs experiencing corporate stress.
AML / KYC
US, UK Include Professional Services in New Russia Sanctions
09/05/2022
New OFAC designations; US and UK bans on Russian access to professional services; New trade restrictions, vessel designations
AML / KYC
UK Gov Removes Key Sanctions List Format Without Notice
08/05/2022
The XML version of the FCDO sanctions list was removed last week. XML is the key format used by large organisations to automate sanctions compliance.
Big Picture
Data Governance Systems Need Better Consent Mechanisms: BIS
06/05/2022
Personal data is being aggregated and exploited, without the resulting benefits being passed on to consumers and businesses generating the data.
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