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
AML / KYC
Canada, Switzerland Sanction More Russians, EU Considers 9th Package
19/10/2022
The next round of EU sanctions could include limits on LPG imports, more restrictions against Russian banks, and a ban on the sale of European real estate to Russians.
AML / KYC
Hong Kong Seeks Status as Global Hub for Virtual Assets
17/10/2022
A new policy statement to be issued at Hong Kong FinTech Week may spell out plans to include retail investors in the city’s VASP regime.
Crypto / Digital Assets
Tether Eliminates Commercial Paper from Stablecoin Reserves
15/10/2022
“Reducing commercial papers to zero demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market,” the company said.
Crypto / Digital Assets
FASB is Moving to Fair Value Accounting for Crypto Assets
14/10/2022
The FASB has decided to move away from the current impairment model in favour of fair value accounting for crypto assets.
ESG / Sustainability
MAS Calls on Investors to Engage with Listed Companies
11/10/2022
Asset managers and retail investors are encouraged to more actively engage with their investee companies and participate in setting their strategic direction.
Crypto / Digital Assets
OECD Releases Tax Transparency Framework for Crypto
11/10/2022
Indirect investments in crypto assets via derivatives and investment vehicles, as well as CBDCs, will be covered by CRS, rather than CARF.
ESG / Sustainability
Risk Monitoring Needed for Non-Climate ESG Risks: FSA
09/10/2022
Risk practitioners should establish risk monitoring systems that cover sustainability themes beyond climate change, said the FSA’s Satoshi Ikeda.
Capital / Liquidity
Industry Says BCBS Cryptoasset Treatment is Prohibitive for Banks
08/10/2022
The cap on banks’ exposures to cryptoassets should be raised from 1% to 5% of tier 1 capital, and based on net rather than gross exposures. The infrastructure risk add-on should be scrapped.
AML / KYC
Singapore Passes Amendments to Accountants Act
06/10/2022
ACRA is empowered to conduct inspections on accounting entities, compel them to remediate lapses identified, and impose sanctions when necessary.
ESG / Sustainability
ISSB Adoption in Hong Kong Will Have Global Significance: SFC
06/10/2022
The SFC is working with HKEX to develop a regulatory framework for listed company climate-related disclosures “based on the ISSB standards”.
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