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
Big Picture
Richmond Fed Offers Insights on the Use of AI in Banking
19/06/2023
Bank supervisors express optimism regarding banks’ ability to leverage AI-based models in credit evaluation, despite the challenges.
AML / KYC
US Court Orders Binance to Isolate US Business from Global Operations
19/06/2023
The SEC said the “emergency relief” helps ensure that Binance.US customers are protected and their assets remain in the US.
Market Infrastructure
HKEX Launches HKD-RMB Dual Counter Model
19/06/2023
24 Hong Kong-listed companies have started offering both HKD and RMB trading counters.
AML / KYC
US Judge Splits Bankman-Fried Charges into Two Separate Trials
16/06/2023
Extradition from the Bahamas was agreed to based on only eight charges, not the full 13 charges Sam Bankman-Fried now faces.
Capital / Liquidity
China Set to Unveil New Stimulus, On Top Of Rate Cuts
15/06/2023
Regulators are expected to further lower mortgage costs, boost re-lending through policy banks, and cut banks’ reserve requirements.
Crypto / Digital Assets
US SEC Responds to Court Order on Crypto Rulemaking
14/06/2023
The SEC said it has not yet decided what action to take regarding Coinbase’s rulemaking petition, but that it will provide an update by 11 October 2023.
AML / KYC
Experts Critical of FATF Effectiveness in Combating Kleptocracy
14/06/2023
Panellists at a high-level conference expressed concern that countries with strong connections and clout received lenient treatment from the FATF.
Capital / Liquidity
UBS Closes Credit Suisse Deal, Imposes ‘Red Lines’ on Bankers
13/06/2023
FINMA said its intensive supervision will “definitely continue”. MAS said it expects both banks to handle the implications for jobs “responsibly”.
Crypto / Digital Assets
HKMA to Start ‘Paving the Way’ for e-HKD Implementation
12/06/2023
The HKMA expects that it will take at least two to three years to build a wholesale layer of production grade for possible e-HKD implementation.
AML / KYC
Sanctions Enforcement Not a ‘Credible Threat’: RUSI Roundtable
12/06/2023
Roundtable participants said lessons should be learnt from the significant penalties that drove banks to observe the Iran sanctions regimes.
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