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
Crypto / Digital Assets
ESMA Calls on NCAs, Crypto Firms to Start Preparing for MiCA
20/10/2023
ESMA is concerned that MiCA’s optional grand-fathering period might allow some crypto firms to continue operating without a full licence all the way until July 2026.
AML / KYC
KoFIU Calls on Financial Industry to Bolster AML Efforts
20/10/2023
AML evaluations identified independent audit, customer verification, and manpower shortages as areas for improvement. More attention is also needed on virtual assets.
ESG / Sustainability
Taiwan Carbon Exchange to Launch First Credits by Year End
19/10/2023
TCX chairman Sherman Lin said international carbon credits will be available before domestic carbon credits, which might take until 2025.
Market Infrastructure
NDRC, HKMA to Promote Mainland Bond Issuance in Hong Kong
19/10/2023
The MoU was signed at the Belt and Road Forum, where 100-plus other agreements were also signed and Xi Jinping unveiled further plans to support the initiative.
Securities / Derivatives
Korea: Registration for Trading FX Market Opens for Foreign Firms
19/10/2023
Bank of Korea said about 30 overseas FIs have expressed interest in participating in the domestic FX market when access opens in January.
Sanctions
US & Allies Reimpose Iran Sanctions Following UNSCR Expiry
19/10/2023
A 2015 UN Security Council resolution targeting Iran’s ballistic missile, nuclear, and drone programmes has expired.
ESG / Sustainability
MAS Issues Net Zero Transition Planning Guidelines for FIs
19/10/2023
Banks, insurers, and asset managers must “actively support” borrowers, insured parties, and investee companies to progressively decarbonise.
ESG / Sustainability
ASEAN Regulators Endorse Transition Finance Guidance, CIS Handbook
18/10/2023
The transition finance guidance and handbook for cross-border offerings of sustainable funds were endorsed at the 39th ACMF Chairs’ Meeting.
Fintech / Regtech
Taiwan FSC Issues Core Principles and Policies on the Use of AI
18/10/2023
The FSC has also started developing regulatory guidelines on the use of AI in the financial industry, which will be completed by year-end.
Securities / Derivatives
DSB Launches UPI Service, a Milestone for Derivatives Markets
18/10/2023
The US, EU, UK, Australia and Singapore will all start requiring UPI reporting for OTC derivatives transactions in 2024.
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