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
Japan Approves Law Clarifying Legal Status of Stablecoins
05/06/2022
Under the revision bill, only licensed banks, trust companies, and registered money transfer agents will be able to issue stablecoins.
Crypto / Digital Assets
Korea FSS Probes Use of Crypto by Payment Firms
04/06/2022
Regulators also plan to launch a ‘Digital Assets Committee’ this month to bring additional safeguards and regulatory structure to Korea’s crypto industry.
Fintech / Regtech
ASIC Releases Updated ePayments Code
02/06/2022
The revised Code extends the protections to cover NPP payments and toughens banks’ obligations to help customers recover funds sent to the wrong account.
Crypto / Digital Assets
Fed Explores CBDC Impacts on Monetary Policy Implementation
02/06/2022
CBDC withdrawals could reduce bank reserves, which would result in competition for funding, higher interest rates, and ultimately a larger Fed balance sheet.
Market Infrastructure
Singapore Launches New Utility to Tackle Supply Chain, Trade Issues
02/06/2022
Over 70 participants have signed on to use SGTraDex – including DBS, OCBC, Standard Chartered, UOB, Trafigura, ExxonMobil and Chevron.
AML / KYC
EU Leaders Agree to Ban 90pc of Russian Oil by Year-end
01/06/2022
The EU’s sixth package of sanctions will also include the removal of three more banks from the SWIFT network and asset freezes against more Russian individuals.
Market Infrastructure
HK Banks Given Four Years to Achieve Operational Resilience
01/06/2022
The HKMA has given banks one year to develop their operational resilience framework, and a further three years for implementation.
Market Infrastructure
China Opens Exchange Bond Markets to Foreign Investors
31/05/2022
Foreign institutional investors in the interbank bond market are allowed to also invest in the Shanghai and Shenzhen exchange bond markets.
Market Infrastructure
CSRC, SFC Outline Plans to Include ETFs in Stock Connect
30/05/2022
Preparation for formal implementation will take about two months. ETF eligibility criteria have been published by HKEX, SSE and SZSE for consultation.
AML / KYC
US Treasury Puts Russia on Path to Sovereign Default
27/05/2022
The US Treasury Department allowed its sanctions exemption for Russian payments to US bondholders to expire.
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