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
SFC to Collect More Granular Data from Licenced Firms
30/12/2022
Many of the new questions in the SFC’s updated BRMQ focus on AML/CFT practices and brokerage business controls.
Market Infrastructure
SEBI Proposes Regulatory Framework for Index Providers
29/12/2022
Index providers could be subject to SEBI’s framework even if they do not know their indices are being used in India, and even if they are not regulated in their home market.
AML / KYC
FTX, Alameda Execs Plead Guilty to US Fraud Charges
23/12/2022
Caroline Ellison and Gary Wang are cooperating with the investigation into FTX, Alameda and Sam Bankman-Fried, who has been extradited to the US.
Fintech / Regtech
SFC Calls Out Brokers for Slow Implementation of its Data Standards
23/12/2022
Brokers are directed to assign one or more MICs to oversee the implementation of the Data Standards, which was meant to be completed in April 2021.
Market Infrastructure
ASIC Finalises Changes to OTC Derivatives Reporting Rules
22/12/2022
ASIC has consolidated a proposed two-stage process for updating the rules into a single update commencing 21 October 2024.
Fintech / Regtech
HKMA Issues Guidance on Using Digital Platforms to Offer Credit
21/12/2022
With the growing popularity of digital platforms to apply for credit products, banks are “reminded to ensure proper protection of their customers”, the HKMA said.
ESG / Sustainability
Korea Establishes New Sustainability Standards Board Under KASB
20/12/2022
The Korea Sustainability Standards Board will participate in international discussions and develop a new ESG disclosure system to be used domestically.
Market Infrastructure
FSB Offers LIBOR Transition Update, Warns of ‘Residual Risks’
19/12/2022
Regulators continue to express concerns that the use of Term SOFR and credit sensitive rates could draw away liquidity from the overnight SOFR derivatives markets.
Capital / Liquidity
Basel Rules for Cryptoassets to Take Effect in Jan 2025
19/12/2022
1,250% risk weight not applicable to custodied assets. Infrastructure risk add-on no longer mandatory. Gross limit on total Group 2 exposures raised from 1% to 2%.
ESG / Sustainability
Japan Finalises Code of Conduct for ESG Data Providers
19/12/2022
The FSA is now calling on ESG evaluation and data providers to endorse the code of conduct, publish it on their websites, and notify the regulator.
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