Manesh Samtani

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    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

    CSRC Updates Senior Manager Rules for Securities, Fund Operators

    24/11/2020

    Securities and fund management firms are expected to establish and improve internal accountability mechanisms for senior managers, and penalise violations with clawback and malus.

    Crypto / Digital Assets

    Australian Treasury Seeks Feedback on Payments System Regulation

    23/11/2020

    The paper seeks views on the adequacy of the current regulatory architecture for developments such as stablecoins, cryptocurrency, digital wallets, stored value facilities and open banking.

    Capital / Liquidity

    MAS Launches New RMB Liquidity Facility for Banks

    23/11/2020

    RMB funding of up to 3 months will be channelled to primary dealers, thereby enhancing credit intermediation and overall RMB market liquidity in Singapore.

    Securities / Derivatives

    ASIC Launches Probe into ASX Over Equity Market Outage

    23/11/2020

    ASIC had earlier said it would determine whether ASX followed the relevant regulatory requirements and met its licence obligations.

    Market Infrastructure

    BSP Instructs Banks to Report on LIBOR Exposures Quarterly

    23/11/2020

    The regular reports will guide the degree of the central bank’s supervisory engagement with individual institutions, BSP deputy governor Chuchi Fonacier told Regulation Asia.

    Securities / Derivatives

    SGX RegCo Mulls Measures to Address Concentration Risk in REITs

    22/11/2020

    SGX RegCo chief Tan Boon Gin spoke about concentration risk, the enforceability of security deposits overseas, and director independence at REIT managers.

    Market Infrastructure

    March Market Turmoil Highlighted MMF Vulnerabilities: IOSCO 

    22/11/2020

    In a new report, IOSCO highlights the need for further reform to address vulnerabilities in certain types of non-public money market funds.

    Market Infrastructure

    LIBOR Transition Work Needs to Accelerate in Early 2021: FSB

    21/11/2020

    In a progress report on global transition efforts, the FSB highlights slower progress in loan markets, which it says must be addressed urgently.

    Market Infrastructure

    APLMA Seeks Consensus on SOFR-based Loan Facilities in APAC

    19/11/2020

    New discussion drafts cover the use of SOFR for USD loan facilities in APAC, one using the compounded average approach and the other based on Daily Simple SOFR.

    Enforcement

    China Bond Default Shock Prompts NAFMII Underwriter Probe

    19/11/2020

    Haitong Securities, Industrial Bank, China Everbright Bank, Zhongyuan Bank are suspected of violations, as recent defaults prompt concerns over the health of SOEs.

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