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
US Court Sets October Date for Bankman-Fried Trial
04/01/2023
Bankman-Fried pleaded not guilty to all eight charges against him. The court set a 2 October 2023 date for trial, which is expected to last about four weeks.
Fintech / Regtech
Korea FSC to Revise Rules to Mitigate IT Security Risks
02/01/2023
On-site inspection will be initiated “immediately” in the event that financial services are interrupted for more than three hours due to a computer accident.
AML / KYC
SFC to Collect More Granular Data from Licenced Firms
30/12/2022
Many of the new questions in the SFC’s updated BRMQ focus on AML/CFT practices and brokerage business controls.
Market Infrastructure
SEBI Proposes Regulatory Framework for Index Providers
29/12/2022
Index providers could be subject to SEBI’s framework even if they do not know their indices are being used in India, and even if they are not regulated in their home market.
AML / KYC
FTX, Alameda Execs Plead Guilty to US Fraud Charges
23/12/2022
Caroline Ellison and Gary Wang are cooperating with the investigation into FTX, Alameda and Sam Bankman-Fried, who has been extradited to the US.
Fintech / Regtech
SFC Calls Out Brokers for Slow Implementation of its Data Standards
23/12/2022
Brokers are directed to assign one or more MICs to oversee the implementation of the Data Standards, which was meant to be completed in April 2021.
Market Infrastructure
ASIC Finalises Changes to OTC Derivatives Reporting Rules
22/12/2022
ASIC has consolidated a proposed two-stage process for updating the rules into a single update commencing 21 October 2024.
Fintech / Regtech
HKMA Issues Guidance on Using Digital Platforms to Offer Credit
21/12/2022
With the growing popularity of digital platforms to apply for credit products, banks are “reminded to ensure proper protection of their customers”, the HKMA said.
ESG / Sustainability
Korea Establishes New Sustainability Standards Board Under KASB
20/12/2022
The Korea Sustainability Standards Board will participate in international discussions and develop a new ESG disclosure system to be used domestically.
Market Infrastructure
FSB Offers LIBOR Transition Update, Warns of ‘Residual Risks’
19/12/2022
Regulators continue to express concerns that the use of Term SOFR and credit sensitive rates could draw away liquidity from the overnight SOFR derivatives markets.
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