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
MAS to Consult on Scam Loss Sharing Framework in Q3
09/05/2023
Senior Minister Tharman Shanmugaratnam said the framework will include obligations for telcos, not just FIs and consumers.
AML / KYC
HKMA Calls for Broader Adoption of Network Analytics by Banks
09/05/2023
Around 60 percent of retail banks in Hong Kong are now deploying network analytics. Some are using this capability to file “super STRs”.
Crypto / Digital Assets
New Bill Unveiled to Strengthen Crypto Regulation in New York
08/05/2023
The CRPTO Act would ban the use of the term “stablecoin” except for digital assets backed 1:1 with the safest of reserve assets. Crypto platforms would have to reimburse fraud losses.
Big Picture
Thousands of US Banks are “Underwater” and “Potentially Insolvent”
07/05/2023
Report by Stanford Professor Amit Seru and a group of banking experts presents an analysis of US banks’ asset exposure to interest rate hikes and the implications for financial stability.
Capital / Liquidity
PacWest Bancorp Exploring Potential Capital Raise or Sale – Reports
04/05/2023
There is concern that PacWest might be the next bank to fail, though it is smaller than SVB and First Republic and has 75 percent of its deposits insured.
Capital / Liquidity
Capital Has Not Left Hong Kong’s Financial System: HKMA
04/05/2023
Deposits at Hong Kong banks grew by 1.4% in the year ending March 2023, despite some outflows from HKD assets in response to interest rate differentials.
AML / KYC
Sydney Roundtable: More AML Guidance Needed for Capital Markets
04/05/2023
Roundtable participants said there is often little attention being paid to money laundering risks by capital market practitioners in Australia.
Sanctions
EU to Extend Sanctions Regime to Cover Corruption
04/05/2023
The EU would be able to target serious acts of corruption worldwide with travel bans and asset freezes, similar to the US Magnitsky Act.
Capital / Liquidity
ESMA Follows Through with De-recognition of Indian CCPs
03/05/2023
So far Indian markets have not faced disruptions. This is attributed to the concessions provided by French and German regulators.
Capital / Liquidity
US Regulators Conclude Reviews into SVB, Signature Failures
01/05/2023
The Fed, FDIC and NYDFS say SVB and Signature Bank were mismanaged, but that regulatory and supervisory lapses also contributed to their failures.
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