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
Conduct, Culture & Accountability
MAS Calls on Investors to Engage with Listed Companies
11/10/2022
Asset managers and retail investors are encouraged to more actively engage with their investee companies and participate in setting their strategic direction.
Cryptocurrency
OECD Releases Tax Transparency Framework for Crypto
11/10/2022
Indirect investments in crypto assets via derivatives and investment vehicles, as well as CBDCs, will be covered by CRS, rather than CARF.
Nature & Biodiversity
Risk Monitoring Needed for Non-Climate ESG Risks: FSA
09/10/2022
Risk practitioners should establish risk monitoring systems that cover sustainability themes beyond climate change, said the FSA’s Satoshi Ikeda.
Capital Adequacy
Industry Says BCBS Cryptoasset Treatment is Prohibitive for Banks
08/10/2022
The cap on banks’ exposures to cryptoassets should be raised from 1% to 5% of tier 1 capital, and based on net rather than gross exposures. The infrastructure risk add-on should be scrapped.
Anti-Money Laundering
Singapore Passes Amendments to Accountants Act
06/10/2022
ACRA is empowered to conduct inspections on accounting entities, compel them to remediate lapses identified, and impose sanctions when necessary.
Reporting & Disclosures
ISSB Adoption in Hong Kong Will Have Global Significance: SFC
06/10/2022
The SFC is working with HKEX to develop a regulatory framework for listed company climate-related disclosures “based on the ISSB standards”.
Cryptocurrency
European Council Approves Final MiCA Legislation
06/10/2022
The next step before MiCA is formally adopted is for the European Parliament to vote on the proposal on Monday.
Structural Regulation
New Regulatory Regime for Hong Kong Auditors Takes Effect
04/10/2022
The AFRC can subject auditors who commit misconduct to penalties up to HKD 10 million, or three times profit gained, whichever is higher.
Climate Risk
BSP Issues Guidance for Banks on E&S Risk Management
04/10/2022
Banks must develop ESRM systems that assess environmental and social risks arising from their operations, products, services, transactions, activities, and operating environment.
Stablecoins
US Regulators Call for New Laws for Crypto, Stablecoins
04/10/2022
FSOC report calls for legislation to establish stablecoin regulation, supervisory authority over crypto asset entities, and rulemaking authority over crypto-asset spot markets.
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