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
PBOC, CBIRC Call on Banks to Help Stabilise Property Sector
12/01/2023
Officials asked banks to align their credit policies with stability objectives, including to help improve cash flows and balance sheets at “high-quality” real estate firms.
AML / KYC
Financial Crime: Threats, Challenges, and Priorities for 2023
12/01/2023
RUSI’s Tom Keatinge discusses the continuing focus on fraud and scams in Asia, and work underway on asset recovery, sanctions, and environmental crime.
Crypto / Digital Assets
SFC Plans to Allow Retail Access to ‘Highly Liquid’ Crypto Assets
12/01/2023
A consultation on retail trading will begin sometime in Q1. The SFC plans to start accepting applications for VASP licences in mid 2024.
AML / KYC
ESMA Recommends Use of DTI Codes for DLT Pilot Regime
12/01/2023
The DTI Foundation, a division of Etrading Software, has so far issued ISO-standard DTI codes for over a thousand of the most commonly traded digital assets.
ESG / Sustainability
ICMA, CCDC Take Stock of ESG Practices in China
10/01/2023
White paper calls for more consistent ESG-related standards, a uniform disclosure template for companies, and measures to boost foreign participation.
Capital / Liquidity
Crypto Bank Silvergate Reveals Details of Post-FTX Bank Run
10/01/2023
The bank faced $8bn in withdrawals, forcing it to sell $5.2bn in debt securities at a $718mn loss. Its stock has fallen 95% since Nov 2021.
Crypto / Digital Assets
GDF Proposes Voluntary Standards for Global Cryptoasset Market
09/01/2023
In designing the standards, the GDF has leveraged the framework and high-level principles existing in the FX Global Code.
Crypto / Digital Assets
NYAG Files Suit Against Founder of Crypto Lender Celsius
08/01/2023
NYAG says Alex Mashinsky lied about Celsius’s safety, then lost customer funds in risky investments and concealed the firm’s deteriorating financial condition.
Crypto / Digital Assets
US Court Sets October Date for Bankman-Fried Trial
04/01/2023
Bankman-Fried pleaded not guilty to all eight charges against him. The court set a 2 October 2023 date for trial, which is expected to last about four weeks.
Fintech / Regtech
Korea FSC to Revise Rules to Mitigate IT Security Risks
02/01/2023
On-site inspection will be initiated “immediately” in the event that financial services are interrupted for more than three hours due to a computer accident.
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