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
Capital / Liquidity
Basel Rules for Cryptoassets to Take Effect in Jan 2025
19/12/2022
1,250% risk weight not applicable to custodied assets. Infrastructure risk add-on no longer mandatory. Gross limit on total Group 2 exposures raised from 1% to 2%.
ESG / Sustainability
Japan Finalises Code of Conduct for ESG Data Providers
19/12/2022
The FSA is now calling on ESG evaluation and data providers to endorse the code of conduct, publish it on their websites, and notify the regulator.
Market Infrastructure
US Regulators Deem Audit Inspections of Chinese Firms a Success
16/12/2022
The PCAOB did identify some deficiencies in their inspection work, but it was able to view complete audit work papers with no redactions.
Crypto / Digital Assets
Australia Seeks Input on Strategic Plan for Payments System
15/12/2022
The government will also empower the RBA to regulate digital wallet providers and improve the regulatory framework for crypto service providers.
AML / KYC
AUSTRAC Releases First Proliferation Financing Risk Assessment
15/12/2022
Australia is vulnerable due to lack of reporting requirements for DNFBPs and poor transparency of companies, trusts, and beneficial ownership.
Capital / Liquidity
UK Proposes Extensive Overhaul of Financial Services Regulations
12/12/2022
The reforms include overhauls of the ring-fencing and senior managers regimes, a new green finance strategy, and an investment management exemption for cryptoassets.
Enforcement
US Sanctions Nasdaq Listed Company, Other ‘Corrupt’ Actors
12/12/2022
The sanctions were connected to illegal fishing. The US, UK and Australia also sanctioned dozens of others in recognition of International Anti-Corruption Day and Human Rights Day.
AML / KYC
EU Council Agrees Position on AML/CFT Reform Package
11/12/2022
The package includes AML/CFT rules for the crypto sector and a ban on cash payments over EUR 10,000, among other measures.
Crypto / Digital Assets
RBNZ to Start Monitoring Local Use of Crypto, Stablecoins
11/12/2022
The monitoring framework will help the RBNZ understand how the market for new forms of money is developing and the implications for the monetary system.
Capital / Liquidity
APRA Finalises Expectations on Holding Contingent Liquidity
11/12/2022
MLH ADIs with more than A$1bn in liabilities are expected to reduce self-securitised assets held as contingent liquidity to at least 10% of total deposits and short-term wholesale liabilities.
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