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

    Crypto / Digital Assets

    Report Suggests China May Support Global Crypto Regulation

    03/04/2018

    PBOC’s Institute of International Finance says China would actively participate in a G20-led effort to establish a global regulatory framework.

    Market Infrastructure

    Malaysia Foils Cyber Attack Involving Falsified SWIFT Messages

    01/04/2018

    Unauthorised transactions were prevented by central bank, no financial losses occurred; near breach prompts increased vigilance in the Philippines.

    Crypto / Digital Assets

    Thailand Finalises Cryptocurrency Tax Framework

    30/03/2018

    Cryptocurrency trades to be subject to 7 percent value added tax and 15 percent capital gains tax; fintech association chair says move may drive startups overseas.

    Enforcement

    Royal Commission Exposes Multiple Lending Practice Failures at Big Four

    29/03/2018

    Public inquiry’s first round of hearings reveals multiple failures at ‘big four’ banks to lend in customers’ best interests.

    Fintech / Regtech

    BOJ-ECB Study Identifies DLT Applications for Securities Settlement

    29/03/2018

    Project Stella phase two study suggests distributed ledger technology offers novel approach for cash settlement of securities, but requires further study.

    Securities / Derivatives

    China Launches Crude Oil Futures

    27/03/2018

    Foreign investors allowed to participate in China’s futures market for the first time; foreign currencies to be used for margin deposits to facilitate foreign participation.

    AML / KYC

    S.Korea to Inspect Banks’ Crypto Dealings for AML Compliance

    26/03/2018

    FSS and KoFIU will check on implementation progress of AML guidelines; examine corporate accounts belonging to crypto exchanges.

    Fintech / Regtech

    Australia, UK to Enable Cross Market Sandbox Participation

    25/03/2018

    Under the enhance cooperation agreement, the FCA and ASIC will speed up cross-market authorisations and testing for innovative businesses.

    Capital / Liquidity

    Basel Committee Revises Capital Rules Under FRTB

    25/03/2018

    Proposals include enhanced risk sensitivity and reduced risk weights for standardised approach; eased assessment process for internal models.

    Fintech / Regtech

    Thailand Banks on Blockchain

    22/03/2018

    Central bank plans adoption of blockchain for interbank settlements, bond issuance; leading banks launch joint initiative on blockchain based letters of credit.

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