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
Credit Suisse Violated 2014 Plea Deal with US DOJ
30/03/2023
UBS could be forced to pay US authorities $1.3bn – the amount Credit Suisse had discounted from its 2014 plea deal.
AML / KYC
26 Countries Commit to Transparent Beneficial Ownership
29/03/2023
The US-led initiative commits participating countries to implementing the FATF’s revised Recommendation 24 to combat corruption.
Capital / Liquidity
Fed, FDIC Probe Adequacy of Oversight at Collapsed Banks
29/03/2023
Fed review of SVB will consider supervisory failures. FDIC is investigating misconduct by bank directors, officers, and other parties.
Big Picture
Too Big to Fail Reforms Don’t Work, says Swiss Official
28/03/2023
Credit Suisse’s “too big to fail” emergency plan would have triggered an “international financial crisis”, according to Swiss finance minister Karin Keller-Sutter.
Capital / Liquidity
First Citizens Bank to Takeover SVB Deposits and Loans
27/03/2023
The FDIC and First Citizens Bank & Trust Co will share the losses and potential recoveries on commercial loans made by SVB.
Capital / Liquidity
Industry Welcomes Regulator Commitments to Prioritise Bondholders
24/03/2023
Regulators respond to Swiss decision to wipe out Credit Suisse bondholders by pledging to respect the bank rescue hierarchy in a crisis.
Crypto / Digital Assets
US SEC Warns Coinbase of Impending Enforcement Action
24/03/2023
Coinbase met with the SEC 30 times over 9 months and spent millions of dollars trying to help it create a registration path for crypto exchanges.
AML / KYC
South Korea Issues Another Set of DPRK Sanctions
22/03/2023
The sanctions were imposed in the absence of a working multilateral mechanism to respond to its North Korea’s latest ICBM launch.
Capital / Liquidity
Secretary Yellen Indicates Intent to Protect Smaller Banks
22/03/2023
US Treasury Secretary Janet Yellen suggested further action could be taken, if needed, to protect other institutions that suffer deposit runs.
Market Infrastructure
JBATA Finalises Fallback Methodology for TIBOR Contracts
21/03/2023
JBATA has finalised the fallback provisions for cash products referencing JPY TIBOR or Euroyen TIBOR. The changes will take effect on 1 April.
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