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
SFC Fines Zhonghui International Futures for KYC/AML Failures
20/01/2022
This is the second fine imposed against a firm over the use of a customer supplied system called Xinguanjia, which allows the creation of subaccounts that can be operated by a third party.
Capital / Liquidity
ASX Recalibrates Capital Requirements for Clearing Participants
20/01/2022
An October 2020 proposal to introduce ‘Adjusted Liquid Capital’ as a single capital measure will be implemented no earlier than February 2023, with some adjustments.
Market Infrastructure
HKMA Emphasises PvP Settlement in Revised FX Guidance
19/01/2022
Banks should aim to have all their FX trades become eligible for PvP settlement, while also encouraging counterparties to do the same.
AML / KYC
CBIRC Targets Related Party Transactions with New Rules
18/01/2022
Banks and insurers have to put in place mechanisms to identify, monitor and manage related parties and related party transactions by March 2022.
Enforcement
IOSCO Proposes Measures to Address Risks from Online Marketing
18/01/2022
IOSCO proposes policy and enforcement measures to address risks in online marketing and distribution of financial products to retail investors.
AML / KYC
Crime Becoming Smaller Part of Crypto Ecosystem: Report
17/01/2022
Chainalysis estimates that illicit wallet addresses received $14bn throughout 2021, but this represented just 0.15% of total transaction volumes in crypto during the year.
UOB to Acquire Citi Consumer Banking Units in Four Markets
17/01/2022
The transaction is estimated to reduce UOB’s CET1 ratio by 70 basis points to 12.8 percent, which is considered not material and “well within regulatory requirements”.
Capital / Liquidity
HKMA Issues Draft Guidance on Liquidity and Funding in Resolution
16/01/2022
The HKMA expects banks to be able to model liquidity and funding needs in a resolution scenario over various time horizons.
Big Picture
FRTB Will Turn Banks Away from Fund Investment Activity
13/01/2022
The FRTB treatment of equity investments in funds is “excessively conservative” and could prompt banks to reduce their activity in the sector, ultimately weakening the market.
Market Infrastructure
JSCC Launches New Clearing System for JGBs
12/01/2022
As part of the launch, the JSCC has introduced a new framework for netting settlements between cash/repo transactions and JGB futures.
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