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
Resolution & Recovery
Swiss Regulators Orchestrate UBS Takeover of Credit Suisse
20/03/2023
The deal gives Credit Suisse shareholders shares in UBS worth just 40 percent of what their CS shares were worth on Friday.
Liquidity Risk
US Regulators, Banks Agree Rescue Deal for First Republic Bank
16/03/2023
Eleven banks will deposit $30bn into regional lender First Republic Bank, which has suffered credit downgrades and stock price declines in recent days.
KYC & CDD
MAS Publishes Findings from Inspections of VC Fund Managers
16/03/2023
Some VCFMs did not make requisite disclosures to investors, have formalised policies and procedures in certain areas, and maintain a positive level of base capital.
Fraud, Scams & Cybercrime
FATF Publishes First Comprehensive Report on Ransomware
16/03/2023
The report says the payment and subsequent laundering of ransomware proceeds is “almost exclusively conducted through virtual assets”.
Cryptocurrency
Barney Frank Says Signature Bank Was Targeted to Deliver Anti-Crypto Message
15/03/2023
Barney Frank, who was on the board of Signature Bank, says the regulatory takeover was intended to send a message to US banks to stay away from crypto.
Resolution & Recovery
Fed to Provide Liquidity Backstop as Two More Banks Close
13/03/2023
US regulators are offering emergency funding to prevent a wider crisis after Silicon Valley Bank and Signature Bank were closed.
Cybersecurity
FIA to Form New Global Taskforce in Response to ION Outage
08/03/2023
The taskforce will assess existing cyber protections, response protocols, and safeguards around third-party service providers.
Conduct, Culture & Accountability
BIS Paper Takes Stock of Individual Accountability Regimes
08/03/2023
The paper introduces the concept of the “accountability stack”, which presents a broad range of regulatory instruments and supervisory tools that target individual accountability.
Anti-Bribery & Corruption
US SEC Fines Rio Tinto Over Bribery Scheme Involving Guinea Mining Rights
08/03/2023
Rio Tinto paid a former classmate of a Guinean government official for helping it secure mining rights. The consultant later attempted to pay $822,000 to the official.
Cryptocurrency
FTX’s Alameda Sues Grayscale for Trapped Crypto Assets
08/03/2023
Alameda accuses Grayscale and its owner Digital Currency Group of “brazen abuse” of their control over nearly USD 19 billion of digital assets held in two trusts.
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