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
Russian President Signs CBDC Bill Into Law
24/07/2023
The central bank will begin piloting a digital ruble in August, with 13 banks and about 30 enterprises from 11 cities participating.
Crypto / Digital Assets
Indonesia Launches National Cryptocurrency Exchange
24/07/2023
The new exchange will serve as the only trading venue in the country where digital assets can be exchanged legally.
AML / KYC
US DOJ Elevates Crypto Enforcement Team Within Criminal Division
24/07/2023
NCET will merge into the Computer Crime and Intellectual Property Section, more than doubling the number of prosecutors available to work on crypto-related crime.
Sanctions
Western Allies Announce New Sanctions to Deter Russia
21/07/2023
US sanctions include Russian metal producers and financial institutions. Canada targeted Russia’s military-industrial complex. UK, Australia and EU also have new targets.
Securities / Derivatives
Shanghai, Shenzhen Bourses Tighten Rules on GDR Listings
20/07/2023
The new rules are aimed at preventing Chinese investors participating in GDR offerings from exploiting home market price differences.
Market Infrastructure
EU Commission Seeks to Further Extend Transition Period for Third-country Benchmarks
20/07/2023
The European Commission says the extension is necessary to avoid destabilising the asset management sector and financial stability risks.
Fintech / Regtech
Philippines: Banks See Shift to XML-based Reporting as Beneficial, Despite Challenges
19/07/2023
BSP officials and members of the banking community attended a Regulation Asia-Adenza roundtable to discuss new XML-based reporting requirements in the Philippines.
Crypto / Digital Assets
FSB Finalises Global Regulatory Framework for Crypto-asset Activities
18/07/2023
The recommendations were improved to better safeguard client assets, address conflicts of interest, and improve cross-border cooperation.
AML / KYC
BSEC Chairman Under Scrutiny for Links to International Fraud
17/07/2023
BSEC chairman Shibli Rubayat ul Islam allegedly received $800,000 in payments from accounts linked to a $13mn fraud against Hong Kong-based Ming Global.
Crypto / Digital Assets
Ripple Scores Partial Victory in SEC Case
17/07/2023
The court ruled that XRP is not a security when sold in the secondary market. The case will proceed to trial to determine if institutional sales of XRP were unregistered securities offerings.
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