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
EU Likely to Delay Implementation of FRTB – Report
13/06/2024
The EU plans to delay FRTB because moving first would put EU banks at a competitive disadvantage to US banks.
Sanctions
US Expands Russia Sanctions Ahead of G7 Leaders Meeting
13/06/2024
New sanctions target Russian financial infrastructure as well as entities in China, Hong Kong, Singapore and Thailand.
Capital / Liquidity
EU Banks Not Meeting Expectations Under IFRS 9
12/06/2024
ECB’s Claudia Buch said banks rely too much on overlays, underestimate default risks, and fail to reclassify loans appropriately.
Capital / Liquidity
Bank Failures of 2023 Show Lack of Focus on Culture Risk
12/06/2024
Starling Compendium says culture and conduct risk should be recognised by prudential regulators as sources of systemic risk.
Crypto / Digital Assets
FSS Korea Hosts First Industry Workshop on New Crypto Law
11/06/2024
The workshop, and future workshops, are intended to ensure the “smooth implementation” of the Virtual Asset User Protection Act in July.
Market Infrastructure
Korea Set to Implement New Responsibility Mapping System
11/06/2024
Financial holding companies and banks with assets over KRW 5 trillion must submit responsibility maps by 2 July 2026.
Crypto / Digital Assets
Korea Sets Guidelines on Treatment of NFTs Under New Law
11/06/2024
NFTs that are not unique, produced in large quantities, split into fractional units, or used in payments will be regulated under the new Virtual Asset User Protection Act.
AML / KYC
GCFFC APAC Chapter Publishes First Financial Scams Report
10/06/2024
The GCFFC calls for the establishment of an international task force or body with a clear anti-fraud and scams mandate.
AML / KYC
Singapore Sentences 9th Individual in Money Laundering Case
10/06/2024
Wang Dehai was sentenced to 16 months in prison; 17 other suspects at large overseas; Deposits involved in the case were held at 16 banks.
Sanctions
IAEA Issues Resolution Calling for Cooperation from Iran
08/06/2024
When proposing the resolution, the UK, France and Germany noted that the power to “snap back” UN sanctions on Iran is available until October 2025.
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