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
Cryptocurrency
MAS Grants Three More In-Principle Approvals to Crypto Firms
22/06/2022
Deputy PM Heng Swee Keat said in-principle approvals were being issued to three more DPT licence applicants, later identified as Crypto.com, Genesis and Sparrowtech.
Cryptocurrency
BIS Vision for Monetary System Doesn’t Include Crypto
21/06/2022
BIS says crypto and DeFi have structural limitations and inherent risks that make them unsuitable for the future digital monetary system.
Anti-Money Laundering
UK Crypto Firms Required to Comply with Travel Rule by Sep 2023
20/06/2022
The UK scrapped a proposal to require both fiat currency and cryptoasset transfers to be considered when calculating the de minimis threshold, which has been set at EUR 1,000.
Market Risk
RBI Consults on Initial Margin Rules for Uncleared OTC Derivatives
20/06/2022
VM rules were proposed in 2020 and will now take effect from 1 December 2022. IM rules are open for comment until 29 July 2022.
Structural Regulation
HKMA Seeks Bank Feedback on Lower Lending Rate Caps
20/06/2022
Proposed amendments would lower the interest rate cap from 60 to 48 percent p.a., and the so-called ‘extortionate’ rate from 48 to 36 percent p.a.
Clearing & Post-Trade
Japan to Finalise New Derivatives Reporting Regime Soon
17/06/2022
The new regime will increase the reportable data elements, the number of reporting entities, and make event-based reporting to a trade repository mandatory.
Climate Risk
BCBS Issues Principles on Managing Climate Risks in Banking
15/06/2022
12 principles are aimed at banks and 6 are aimed at financial supervisors and regulators. Implementation is expected “as soon as possible”.
Reporting & Disclosures
ASIC Issues New Guidance on Prevent Greenwashing in Funds
14/06/2022
Being ‘true to label’ is a regulatory must-have when it comes to sustainability-related products, says ASIC deputy chair Karen Chester.
Structural Regulation
Canadian Regulators Propose Revised Derivatives Reporting Rules
13/06/2022
The CSA says the proposed rules will enable market participants to harmonise their reporting systems across multiple global regulators.
Trading & Investment
US SEC Unveils Plans to Address Payment for Order Flow
10/06/2022
Brokers will have to send orders from retail investors to “open and transparent” auctions and meet stronger best execution obligations.
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