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
Australia Senate Introduces Tranche 2 Reform Bill, Again
13/02/2022
The bill, if passed, will help fulfill a nearly 16-year-old commitment to bring gatekeeper professions within Australia’s AML regime, and require the establishment of a public UBO register.
AML / KYC
HK Gov Issues Discussion Paper on Proposed VASP Regime
11/02/2022
Licensing will be available to companies incorporated elsewhere as long as they have a registration in Hong Kong.
Fintech / Regtech
FSB Working on Global Regulatory Framework for Crypto
11/02/2022
The FSB is reportedly “going full steam” on the issue of developing global regulatory standards for the crypto asset market.
AML / KYC
Wash Trading Undermines Trust in NFT Markets: Report
10/02/2022
Wash trading profits are likely derived from sales to “unsuspecting buyers”, who believe the NFTs they purchase have been growing in value.
Capital / Liquidity
GHOS Reaffirms Commitment to Timely Basel III Implementation
10/02/2022
The outstanding reforms will help to restore credibility in bank capital ratios, said Pablo Hernández de Cos, who has been reappointed as chair of the BCBS.
Enforcement
Singapore Man Charged Over False Statements in Telegram Chat
09/02/2022
The false statements were used to induce investors to trade listed securities. SGX has previously warned about the use of Telegram chat groups in “pump and dump” schemes.
AML / KYC
GLEIF Publishes Governance Details for Digitally Verifiable LEI
08/02/2022
The vLEI Ecosystem Governance Framework is part of an initiative to ensure that every legal entity has a digital identity that can be trusted and easily verified.
AML / KYC
MAS to Introduce Equitable Loss Sharing Framework for Scams
04/02/2022
OCBC’s goodwill payouts to fully cover customer losses were a one-off gesture, and they “do not set a general precedent for future cases”, MAS said.
Fintech / Regtech
India to Introduce Digital Rupee in Coming Fiscal Year
03/02/2022
Finance minister Nirmala Sitharaman said the RBI will introduce a CBDC in the coming fiscal year and crypto profits will be taxed at 30 percent.
ESG / Sustainability
MAS to Issue New Anti-Greenwashing Rules for ESG Funds
31/01/2022
Greenwashing poses a “real and present danger” to industry efforts to advance sustainability considerations in their investment processes.
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