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
Wolfsberg Group Issues Updated Statement on Terrorism Financing
13/03/2024
The statement has been updated from the 2002 version to reflect changes in terrorism, CTF measures, and the evolving nature of public-private cooperation.
Market Infrastructure
China: NAFMII Issues Guidelines for Interbank Bond Rating Agencies
13/03/2024
The guidelines strengthen requirements for rating agencies to guard against conflicts of interest, improve their rating models, and enhance rating quality and accuracy.
ESG / Sustainability
Australia Publishes First National Climate Risk Assessment
12/03/2024
The priority risks identified are now undergoing a second, more detailed technical assessment, scheduled for completion by end 2024.
Enforcement
FSS Korea Concludes Probe Into Mis-sold HSCEI-Linked Products
12/03/2024
Investors have lost almost $1bn, with another $3.5bn expected. The FSS issued a compensation guideline for financial firms that mis-sold the risky ELS products.
Capital / Liquidity
Chinese Regulators Ask Banks to Support Troubled China Vanke
12/03/2024
Vanke has been one of the few remaining Chinese property developers rated investment-grade by international rating agencies, until now.
Market Infrastructure
EMMI Finalises Methodology Changes for Euribor Calculation
09/03/2024
The new calculation methodology will end the use of ‘expert judgement’ to determine the Euribor rate. Panel banks will start migrating around mid-May 2024.
Securities / Derivatives
EMEs Can Improve Shock Resilience With Better Hedging Markets
09/03/2024
The BIS finds that emerging markets with a more diverse investor base and better-developed hedging markets tend to have more resilient government bond markets.
Capital / Liquidity
Chinese D-SIBS May Not Need as Much TLAC After All
08/03/2024
In a new report, S&P Global Ratings says the revised capital management rules for banks issued in November could reduce previously estimated TLAC shortfalls.
Capital / Liquidity
BCBS Proposes Revisions to Address ‘Window-Dressing’
08/03/2024
The BCBS proposes to require banks to report and disclose most G-SIB indicators based on average values over the reporting year, rather than year-end values.
Sanctions
US Authorities Explain Sanctions Obligations of Non-US Persons
07/03/2024
DOJ, OFAC, and Commerce Department explain their enforcement authority and provide examples of actions already taken against non-US-based parties.
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