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
Crypto / Digital Assets
FTX’s Alameda Sues Grayscale for Trapped Crypto Assets
08/03/2023
Alameda accuses Grayscale and its owner Digital Currency Group of “brazen abuse” of their control over nearly USD 19 billion of digital assets held in two trusts.
AML / KYC
HKMA Issues New AML/CFT Guidance for Private Banks
08/03/2023
Guidance is offered to reduce the burden on legitimate private banking customers trying to use banking services in Hong Kong.
Crypto / Digital Assets
Crypto Focused Bank Silvergate Edges Towards Closure
06/03/2023
Silvergate warned that it was evaluating its ability to operate as a going concern, prompting client departures and the discontinuation of its crypto payments network.
Securities / Derivatives
Foreign Firms Announce New Mutual Fund Launches in China
06/03/2023
Neuberger Berman and Fidelity International are launching new funds. AllianceBernstein won approval. UBS is planning to apply. VanEck is withdrawing.
Market Infrastructure
Stock Connect Expansion to Launch on 13 March 2023
06/03/2023
Mainland investors will have access to about 80 more HK-listed stocks; International investors will have access to more than 1,000 more Mainland-listed stocks.
Crypto / Digital Assets
RBA Selects Use Cases to be Tested in Live CBDC Pilot
03/03/2023
ANZ is involved in four case proposals; CBA is involved in two. Mastercard and Cuscal propose to use CBDC to enable consumers to buy NFTs.
Crypto / Digital Assets
Third FTX Executive Pleads Guilty to US Fraud Charges
01/03/2023
Nishad Singh created the software code that allowed FTX customer funds to be diverted to the Alameda Research hedge fund.
Crypto / Digital Assets
Class Action Alleges Banks, VC Firms Were Complicit in FTX Fraud
01/03/2023
The lawsuit seeks damages from four banks, one banking executive, ten investment firms, a law firm, and two accounting firms.
AML / KYC
New G7 Sanctions Target Russian Financial Services, Evasion Networks
27/02/2023
US Treasury says sanctioned actors use smaller banks and wealth management firms to evade sanctions. FATF has suspended Russia’s membership.
ESG / Sustainability
SEBI Consults on Regulatory Framework for ESG Disclosures, Ratings
24/02/2023
The BRSR framework will be enhanced to require assurance on ESG disclosures. SEBI also proposes mandatory requirements for ESG rating providers.
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