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
Capital / Liquidity
BCBS Finalises Disclosure Framework for Bank Crypto Exposures
04/07/2024
The BCBS also approved revisions to the cryptoasset standard and IRRBB standard, and agreed to consult on principles for managing third-party risk.
Enforcement
US Court Rejects Visa, Mastercard Antitrust Settlement
04/07/2024
The court said Visa and Mastercard could withstand a “substantially greater judgment” than the $30bn settlement proposed in March.
Crypto / Digital Assets
US SEC Charges Consensys for Operating as Unregistered Broker
03/07/2024
The SEC said Consensys Software Inc sold unregistered securities and performed brokerage functions by offering staking services in its popular wallet tool.
Capital / Liquidity
US Regulators Announce $63m Settlement With Silvergate
03/07/2024
Silvergate, once a popular bank for crypto firms, agreed to penalties for AML noncompliance and misleading statements to investors.
Enforcement
SEC Lawsuit Against Binance May Proceed, Court Rules
03/07/2024
Binance already settled DOJ, Treasury and CFTC charges for $4.3bn, but the SEC’s case was not included in the settlement.
Securities / Derivatives
PBOC Set to Start Short-selling Government Bonds
03/07/2024
The PBOC said it will borrow government bonds from primary dealers in the open market, which would be a first for the central bank.
Capital / Liquidity
China Releases Second Draft of New Financial Stability Law
02/07/2024
The draft requirements for FIs to provide collateral to secure rescue funds from the new Financial Stability Guarantee Fund.
Capital / Liquidity
US Banks Pass Fed Stress Test, Declare Higher Dividends
02/07/2024
The “severely adverse” scenario showed that all 31 big banks tested could absorb nearly $685bn in losses and continue lending.
ESG / Sustainability
Hong Kong Launches Green FinTech Support Scheme
02/07/2024
The scheme aims to provide early-stage funding for green fintechs and ultimately improve sustainability reporting in Hong Kong.
AML / KYC
Wolfsberg Group Calls for More Effective Approach to SARs/STRs
01/07/2024
Wolfsberg Group says the value being derived from the constantly increasing volume of SARs/STRs is not contributing proportionately to effective outcomes.
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