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
Hong Kong Banks Barred from Suing Defaulting Landlords
05/05/2022
For 3 months, lenders may not take action against landlords who default on secured loans as a result of a rental enforcement moratorium being imposed in Hong Kong.
AML / KYC
EU Set to Propose Sixth Sanctions Package Against Russia
04/05/2022
The new measures include a possible phased-in embargo on buying Russian oil and EU sanctions against Sberbank, with Germany’s backing.
ESG / Sustainability
CSRC Launches Campaign to Expand Public Funds Market
03/05/2022
Banks, insurers, brokers and foreign FIs are urged to establish licensed fund management companies. Fund investment channels will be expanded and operational rules relaxed.
AML / KYC
India: CERT-In Includes Crypto Firms in New Directions
03/05/2022
The directions require crypto exchanges, custodians and wallet providers in India to retain KYC information for five years and report cyber incidents to CERT-In.
AML / KYC
MAS Issues Guidance on Uplifting Name Screening Systems
30/04/2022
MAS observed an overreliance on system vendors to set the screening parameters. Most FIs did not enquire about or assess vendors’ information sources.
Fintech / Regtech
SFC Grants In-principle Approval to HashKey Crypto Platform
30/04/2022
HashKey’s platform will offer trading, brokerage and automated trading services for cryptocurrencies, virtual commodities, stablecoins and security tokens.
Capital / Liquidity
BOE’s Woods Proposes Simplified Bank Capital Framework
28/04/2022
The hypothetical framework would replace the current set of buffers with a “single, releasable buffer of common equity”, sitting on top of a low minimum requirement.
ESG / Sustainability
Malaysia Advances Work on Financial Sector Sustainability
28/04/2022
A new report was released assessing current sustainability practices at FIs. Work has commenced to develop a climate disclosure guide for businesses.
Enforcement
US Authorities File Charges Against Archegos, Key Executives
28/04/2022
The DOJ, CFTC and SEC charged Archegos and four of its executives for defrauding banks and brokers and manipulating the prices of publicly traded securities.
AML / KYC
ICMA Issues Guidance on Repo Trades Impacted by Sanctions
27/04/2022
ICMA provides guidance on handling situations where counterparties may fail to deliver collateral securities due to the imposition of sanctions.
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