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
Anti-Money Laundering
SFC Fines Fourth Broker Over Use of ‘Xinguanjia’ Trading Software
26/07/2022
The software enabled Mainland investors to trade in Hong Kong without having to open a local securities account. Rifa Futures was fined HKD 9 million for AML and other failures.
Market Abuse
US DOJ Charges Ex-Coinbase Employee for Insider Trading
25/07/2022
A former Coinbase employee and two others were charged. The SEC’s parallel action classifies 9 crypto tokens as securities. Coinbase files a petition.
PEPs & Sanctions
Russia Creates Hurdles for Foreign Banks Trying to Exit
24/07/2022
Societe Generale is the only major bank that has exited Russia so far. HSBC has struck a deal to sell its Russian business but will need regulatory approval.
Climate Risk
Japan FSA Issues Guidance on Climate Risk Management
23/07/2022
The guidance outlines the different ways FIs can provide support to clients in their climate change response and transition efforts.
Reporting & Disclosures
SGX RegCo Outlines Steps to Tackle Greenwashing
21/07/2022
SGX is developing a digital portal known as ESGenome which will help issuers with disclosures and make ESG data more easily accessible to investors.
Cryptocurrency
MAS to Introduce More Comprehensive Rules for Crypto Sector
19/07/2022
MAS will share its strategy for developing Singapore as a digital asset hub in August. New rules for crypto will be proposed in September or October.
Climate Risk
IMF Outlines Approaches to Climate Risk Analysis in FSAPs
18/07/2022
Climate risk analysis in FSAPs typically entails the development of scenario-based stress tests for assessing bank solvency and liquidity, using bank level data.
Capital Adequacy
BCBS Treatment of Banks’ Crypto Exposures Still Constraining: ISDA
18/07/2022
ISDA chief executive Scott O’Malia says the new group 2 exposure limit presents a “significant constraint” on the extent to which banks can participate.
Cryptocurrency
Thailand Refines Rules for Crypto Firms, Issues Draft Rules for Banks
15/07/2022
The SEC amended capital requirements and other rules for crypto firms. The BOT issued draft rules for banks dealing in crypto. Two crypto exchanges were penalised.
Anti-Money Laundering
GCFFC Offers Recommendations on Improving AML Effectiveness
12/07/2022
PPPs could benefit from the FATF providing a clearer endorsement of their benefits within the global framework, the paper says.
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