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
MAS Grants DPT Licences to Sparrow, Digital Treasures Center
02/08/2022
Sparrow and DTC were granted in-principle approval earlier this year. MAS will be consulting on proposed measures to enhance its regulatory framework in the next few months.
Capital / Liquidity
China New Futures and Derivatives Law Takes Effect
02/08/2022
On the same day, ISDA published a netting opinion providing legal certainty that close-out netting is enforceable in China.
Market Infrastructure
HKMA Directs Banks to Ensure Resiliency of Payment Operations
31/07/2022
Payment-related operational incidents have impacted banks, their customers, as well as other financial institutions, including in the securities sector.
ESG / Sustainability
New Zealand ESG Funds Must Provide Better Disclosures: FMA
28/07/2022
Fund managers need to provide accurate and high-quality information to explain and support claims that their products incorporate non-financial factors.
AML / KYC
UK, EU Introduce Additional Sanctions Against Russia
28/07/2022
The UK announced 42 new designations. The EU extended its sanctions and added 54 more individual and 10 more entity designations.
Securities / Derivatives
CFTC, SEC Preparing to Tackle More Crypto-related Risks
27/07/2022
The CFTC has a new innovation office and is realigning its customer education office. The SEC has appointed 20 new specialists to its crypto unit and wants a bigger budget.
Market Infrastructure
HKMA Gives Banks 18m to Enhance Operational Risk Management
26/07/2022
Banks are expected to implement the revised SPM module on operational risk management by 25 January 2024.
Securities / Derivatives
SFC Fines Fourth Broker Over Use of ‘Xinguanjia’ Trading Software
26/07/2022
The software enabled Mainland investors to trade in Hong Kong without having to open a local securities account. Rifa Futures was fined HKD 9 million for AML and other failures.
Crypto / Digital Assets
US DOJ Charges Ex-Coinbase Employee for Insider Trading
25/07/2022
A former Coinbase employee and two others were charged. The SEC’s parallel action classifies 9 crypto tokens as securities. Coinbase files a petition.
AML / KYC
Russia Creates Hurdles for Foreign Banks Trying to Exit
24/07/2022
Societe Generale is the only major bank that has exited Russia so far. HSBC has struck a deal to sell its Russian business but will need regulatory approval.
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