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
Liquidity Risk
FSC Korea Set to Start Normalising Bank Liquidity Requirements
20/06/2023
Banks will have to maintain 95% LCR between July and December, up from 92.5%. Requirements for 2024 will be decided by year-end.
PEPs & Sanctions
US, UK Prepare to Use Frozen Russian Assets to Help Ukraine
19/06/2023
New US law would allow frozen Russian assets to be confiscated and used to finance Ukraine’s reconstruction.
AI Risk & Governance
Richmond Fed Offers Insights on the Use of AI in Banking
19/06/2023
Bank supervisors express optimism regarding banks’ ability to leverage AI-based models in credit evaluation, despite the challenges.
Cryptocurrency
US Court Orders Binance to Isolate US Business from Global Operations
19/06/2023
The SEC said the “emergency relief” helps ensure that Binance.US customers are protected and their assets remain in the US.
Trading & Investment
HKEX Launches HKD-RMB Dual Counter Model
19/06/2023
24 Hong Kong-listed companies have started offering both HKD and RMB trading counters.
Anti-Money Laundering
US Judge Splits Bankman-Fried Charges into Two Separate Trials
16/06/2023
Extradition from the Bahamas was agreed to based on only eight charges, not the full 13 charges Sam Bankman-Fried now faces.
Liquidity Risk
China Set to Unveil New Stimulus, On Top Of Rate Cuts
15/06/2023
Regulators are expected to further lower mortgage costs, boost re-lending through policy banks, and cut banks’ reserve requirements.
Cryptocurrency
US SEC Responds to Court Order on Crypto Rulemaking
14/06/2023
The SEC said it has not yet decided what action to take regarding Coinbase’s rulemaking petition, but that it will provide an update by 11 October 2023.
Anti-Money Laundering
Experts Critical of FATF Effectiveness in Combating Kleptocracy
14/06/2023
Panellists at a high-level conference expressed concern that countries with strong connections and clout received lenient treatment from the FATF.
Resolution & Recovery
UBS Closes Credit Suisse Deal, Imposes ‘Red Lines’ on Bankers
13/06/2023
FINMA said its intensive supervision will “definitely continue”. MAS said it expects both banks to handle the implications for jobs “responsibly”.
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