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
Glencore to Pay $1.5b to Settle Bribery & Manipulation Probes
26/05/2022
The civil and criminal penalties and forfeitures will resolve a decade-long scheme to bribe foreign officials in seven countries and an oil price manipulation conspiracy.
ESG / Sustainability
BOE Publishes Results of First Supervisory Climate Stress Test
25/05/2022
Without early action, the UK’s largest banks and insurers would suffer climate-related losses worth $418bn by 2050.
Market Infrastructure
ARRC Endorses 12 Month Term SOFR for Legacy LIBOR Loans
24/05/2022
ARRC approved the CME 12-month Term SOFR rate for legacy LIBOR consumer products and trade and receivables finance.
AML / KYC
G7 Urges FSB to Swiftly Develop Regulations for Crypto
22/05/2022
FSB asked to “advance the swift development and implementation of consistent and comprehensive regulation of crypto-asset issuers and service providers”.
Securities / Derivatives
Risks Were Visible in EMIR Data Prior to Archegos Collapse: ESMA
19/05/2022
ESMA found that reported trade activity data could be used to track the evolution of Archegos’ positions in individual stocks and analyse the mark-to-market value of its portfolio of swaps.
Market Infrastructure
Japan FSA Proposes Revisions to Derivatives Reporting Rules
19/05/2022
The FSA is looking to implement the data requirements specified by CPMI-IOSCO’s CDE Technical Guidance “as much as possible”.
Big Picture
Regulation Needed for ‘Shadow’ Crypto Financial System: BIS
19/05/2022
As banks and asset managers increase exposure to crypto, substantial activity is still concentrated in lightly regulated crypto exchanges.
Market Infrastructure
Singapore Consults on Adjustment Spreads for Legacy SOR Contracts
19/05/2022
Declining liquidity in the SOR-SORA basis swap market is causing difficulties in pricing adjustment spreads used to covert legacy SOR contracts to SORA-based contracts.
ESG / Sustainability
Singapore Launches ESG Registry Under Project Greenprint
17/05/2022
STACS says the registry will provide financial institutions, corporates, and regulators access to quality ESG certifications and data.
Market Infrastructure
ASIC Consults on Final Derivatives Reporting Rules
17/05/2022
ASIC will implement the UTI and LEI requirements on 1 October 2023, and the UPI and CDE on 1 April 2024.
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