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
AML / KYC
EU Leaders Agree to Ban 90pc of Russian Oil by Year-end
01/06/2022
The EU’s sixth package of sanctions will also include the removal of three more banks from the SWIFT network and asset freezes against more Russian individuals.
Market Infrastructure
HK Banks Given Four Years to Achieve Operational Resilience
01/06/2022
The HKMA has given banks one year to develop their operational resilience framework, and a further three years for implementation.
Market Infrastructure
China Opens Exchange Bond Markets to Foreign Investors
31/05/2022
Foreign institutional investors in the interbank bond market are allowed to also invest in the Shanghai and Shenzhen exchange bond markets.
Market Infrastructure
CSRC, SFC Outline Plans to Include ETFs in Stock Connect
30/05/2022
Preparation for formal implementation will take about two months. ETF eligibility criteria have been published by HKEX, SSE and SZSE for consultation.
AML / KYC
US Treasury Puts Russia on Path to Sovereign Default
27/05/2022
The US Treasury Department allowed its sanctions exemption for Russian payments to US bondholders to expire.
AML / KYC
Glencore to Pay $1.5b to Settle Bribery & Manipulation Probes
26/05/2022
The civil and criminal penalties and forfeitures will resolve a decade-long scheme to bribe foreign officials in seven countries and an oil price manipulation conspiracy.
ESG / Sustainability
BOE Publishes Results of First Supervisory Climate Stress Test
25/05/2022
Without early action, the UK’s largest banks and insurers would suffer climate-related losses worth $418bn by 2050.
Market Infrastructure
ARRC Endorses 12 Month Term SOFR for Legacy LIBOR Loans
24/05/2022
ARRC approved the CME 12-month Term SOFR rate for legacy LIBOR consumer products and trade and receivables finance.
AML / KYC
G7 Urges FSB to Swiftly Develop Regulations for Crypto
22/05/2022
FSB asked to “advance the swift development and implementation of consistent and comprehensive regulation of crypto-asset issuers and service providers”.
Securities / Derivatives
Risks Were Visible in EMIR Data Prior to Archegos Collapse: ESMA
19/05/2022
ESMA found that reported trade activity data could be used to track the evolution of Archegos’ positions in individual stocks and analyse the mark-to-market value of its portfolio of swaps.
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