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
AML / KYC
Vietnam Made “Minimal Progress” to Address AML Deficiencies
27/06/2024
Vietnam was upgraded on just one recommendation for strengthening its correspondent banking requirements. The country is moved to enhanced follow-up.
Capital / Liquidity
RBNZ Implements ‘Dual Reporting’ Requirement for IRB Banks
27/06/2024
Dual reporting requires banks that use internal models to calculate credit risk capital to also disclose calculations using the ‘standardised approach’.
Capital / Liquidity
US Fed Proposes Changes to Bank Capital Reform Plan
26/06/2024
The Fed proposed changes to the FDIC and OCC that would significantly lessen the capital increase required of banks under the reform plan.
Crypto / Digital Assets
UDPN Launches New Digital Currency Management Systems
26/06/2024
One system was launched for commercial banks and regulated stablecoin issuers, and another to help FIs manage real-world asset tokenisation.
Fintech / Regtech
Taiwan Finalises Guidelines on Use of AI in Financial Industry
25/06/2024
The guidelines are not legally binding, but are intended to provide direction and best practices for financial institutions.
Sanctions
FATF Must Blacklist Russia Over DPRK Partnership, Ukraine Says
24/06/2024
RUSI’s Tom Keatinge says the FATF could damage its legitimacy if it doesn’t have a response to the strengthening of ties between Russia and North Korea.
Securities / Derivatives
HKEX Enhances Clearing Arrangement for Stock, Options Trades
24/06/2024
Exchange participants that are not also clearing participants can now appoint more than one general clearing participant for stock and options trades.
Securities / Derivatives
Korea Issues Best Execution Guidelines for Securities Firms
23/06/2024
The guidelines are intended to help securities firms understand how they should allocate customer orders once the new ATS market is launched in March 2025.
AML / KYC
Japan Announces New Measures to Combat Fraud and Scams
21/06/2024
The measures include obligations for social media companies, internet service providers, telecoms companies and financial institutions.
AML / KYC
Singapore Publishes Money Laundering Risk Assessment
21/06/2024
Banking is Singapore’s highest risk sector. A key ML threat is cyber-enabled fraud, typically orchestrated by criminal syndicates located overseas.
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