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
Market Infrastructure
BOJ, FSA Urge FIs to Push Forward LIBOR Transition
09/03/2021
The regulators say the transition must continue without reliance on a potential synthetic JPY LIBOR, which would be restricted to tough legacy contracts even if published.
Big Picture
PwC Offers ESG Risk Management Recommendations for Banks
09/03/2021
Banks need to adopt training and change management programmes to ensure employees embrace ESG risk management as a requirement and discipline.
Market Infrastructure
FCA Formally Announces Intended Cessation Dates for LIBOR
07/03/2021
ISDA has confirmed that the FCA’s announcement constitutes an index cessation event and that the spread adjustment to be used in fallbacks has been fixed.
Enforcement
Ripple, Top Execs File Responses to SEC Complaint
06/03/2021
At meetings with crypto trading platforms as recently as 2019, SEC staff did not indicate it may have considered XRP a security, Ripple says.
Market Infrastructure
BSP Issues Guidance on Reporting of LIBOR Exposures
05/03/2021
Banks are required to report on all derivatives, as well as assets and liabilities that are interest-bearing, even where there is no LIBOR or PHIREF exposure.
Capital / Liquidity
HKMA Extends Principal Payment Holiday Scheme Again
05/03/2021
Principal payments of all loans of eligible corporate borrowers falling due between 1 May and 31 October 2021 should be deferred by a further six months.
AML / KYC
Singapore Banks Asked to Monitor Myanmar Fund Flows
05/03/2021
MAS is concerned about financial crime risk. New cash withdrawal limits have been imposed in Myanmar. A military-owned bank has suspended operations.
Market Infrastructure
FSC Announces Selection of Korea’s New Risk-free Rate
03/03/2021
The FSC will work on measures to promote and facilitate the use of the new RFR, including by listing RFR futures by year-end.
MAS, ABS Offer Guidance on Managing Remote Working Risks
02/03/2021
The paper looks at possible risks to FIs in the areas of operations, technology, information security, fraud, staff misconduct, among others.
AML / KYC
FATF Releases Draft Guidance on Proliferation Financing Risk
02/03/2021
The FATF is seeking feedback on the guidance from financial institutions and DNFBPs and will revise the text ahead of June 2021 discussions.
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