Manesh Samtani
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
Crypto / Digital Assets
Singapore’s First Crypto Litigation Highlights Need for Regulatory Clarity
03/12/2018
The outcome of B2C2 v. Quoine could inform regulators’ considerations on the next set of rules for crypto exchanges, which in time may provide greater clarity for investors.
Capital / Liquidity
Financial System Risks Eased, but Higher Capital Necessary – RBNZ
30/11/2018
Though domestic financial stability risks have abated, the RBNZ said higher bank capital requirements are necessary, while also easing mortgage lending curbs.
Enforcement
RBA Discloses A$22.6m in Penalties Paid by its Subsidiaries in 2012
29/11/2018
The court-suppressed penalties were paid by the RBA subsidiaries to settle charges of conspiracy to bribe foreign officials for the purpose of obtaining or retaining business.
Capital / Liquidity
More Chinese Institutions to be Designated ‘Systemically Important’
29/11/2018
Regulators will designate more financial institutions as ‘too big to fail’ and subject them to additional prudential and supervisory requirements.
Enforcement
Macquarie Emerges from Royal Commission Unscathed
26/11/2018
Macquarie seen as the first responsible corporate role model in the nine months since banking royal commission public hearings began.
Capital / Liquidity
Singapore Banking System Can Withstand Severe Shocks – MAS
26/11/2018
The MAS financial stability review says asset quality is improving despite loan growth, and banks continue to maintain healthy provisioning and liquid assets “well above regulatory requirements”.
Enforcement
Restoring Trust in Financial Sector Essential for Economic Prosperity – RBA
23/11/2018
Strengthening trust in Australia’s financial institutions requires better incentive systems, clearer lines of accountability and stronger penalties for misconduct, said RBA governor Philip Lowe.
AML / KYC
Japan’s MUFG in Ongoing AML Probe by New York Regulators
23/11/2018
The probe has been ongoing since late 2017, where MUFG is alleged to have intentionally ignored internal controls meant to prevent it doing business with sanctioned entities.
Big Picture
Industry Bodies Call for Extended Benchmarks Regulation Transition Period
22/11/2018
ISDA, FIA, GFMA and EMTA have jointly published a briefing advocating an extension of the Benchmark Regulation transition period for critical and non-critical benchmarks.
AML / KYC
Lessons from Singapore’s KYC Utility Project
21/11/2018
The Association of Banks in Singapore has published a report detailing the core design decisions, achievements, challenges and lessons from the recently-shelved KYC utility project.
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