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
Corporate Registries Should Issue LEIs in Bulk: BIS Paper
25/06/2022
Bulk LEI issuance by corporate registries would enhance the efficiency and reliability of data collection and reduce the per-company cost of applying for an LEI.
AML / KYC
Wolfsberg Group Calls for Greater Use of PPPs for AML/CTF
24/06/2022
PPPs provide the most direct and impactful opportunity for FIs to collaborate with public sector stakeholders to identify and address financial crime risks.
Securities / Derivatives
CSRC Explains Rule Requiring Fund Firms to Set Up CCP Units
23/06/2022
The requirement for public fund companies to establish an internal CCP unit is “not linked to data security”, a CSRC official said.
Fintech / Regtech
HKMA to Prepare Roadmap for Promoting Key Fintech Areas
23/06/2022
HKMA will formulate a detailed roadmap of initiatives to further promote Investech, Wealthtech, Insurtech and Greentech, as well as artificial intelligence and DLT.
Crypto / Digital Assets
BIS Innovation Hub Outlines Lessons from CBDC Experiments
23/06/2022
The report covers four experiments, Project Inthanon-LionRock, Project Jura, Project Dunbar, and Project mBridge.
Crypto / Digital Assets
MAS Grants Three More In-Principle Approvals to Crypto Firms
22/06/2022
Deputy PM Heng Swee Keat said in-principle approvals were being issued to three more DPT licence applicants, later identified as Crypto.com, Genesis and Sparrowtech.
Crypto / Digital Assets
BIS Vision for Monetary System Doesn’t Include Crypto
21/06/2022
BIS says crypto and DeFi have structural limitations and inherent risks that make them unsuitable for the future digital monetary system.
Crypto / Digital Assets
UK Crypto Firms Required to Comply with Travel Rule by Sep 2023
20/06/2022
The UK scrapped a proposal to require both fiat currency and cryptoasset transfers to be considered when calculating the de minimis threshold, which has been set at EUR 1,000.
Securities / Derivatives
RBI Consults on Initial Margin Rules for Uncleared OTC Derivatives
20/06/2022
VM rules were proposed in 2020 and will now take effect from 1 December 2022. IM rules are open for comment until 29 July 2022.
Capital / Liquidity
HKMA Seeks Bank Feedback on Lower Lending Rate Caps
20/06/2022
Proposed amendments would lower the interest rate cap from 60 to 48 percent p.a., and the so-called ‘extortionate’ rate from 48 to 36 percent p.a.
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