Manesh Samtani
Manesh Samtani is the Editor at Regulation Asia, where he leads the regional news desk from Hong Kong, directing coverage of critical regulatory developments impacting financial services across APAC. Manesh specialises in analysing how new rules and technologies are reshaping banking, capital markets, and the fight against financial crime, providing finance professionals, compliance leaders, and policymakers with the intelligence they need to navigate risk and understand the impact of regulatory change in the region. manesh@regulationasia.com
Articles by Manesh Samtani
AML / KYC
Puerto Rico Forces Closure of Bank Involved in Global Tax Probe
06/07/2022
Peter Schiff’s Euro Pacific Bank was forced to close over capital shortfall and regulatory violations. The bank has been at the centre of a global tax evasion probe.
Enforcement
Former Archegos Employee Sues Firm Over Deferred Bonuses
06/07/2022
Archegos employees were “coerced” to invest their bonus money into the firm through a deferred compensation plan, which evaporated when the company collapsed last March.
ESG / Sustainability
HKEX Announces New Collaboration to Develop Carbon Market
06/07/2022
HSBC, Standard Chartered, BNP Paribas, ANZ, ICBC, Bank of China and others will sit on a new council to help develop a Hong Kong-based international carbon market.
Crypto / Digital Assets
Crypto Hedge Fund Three Arrows Capital Files for Bankruptcy
05/07/2022
The bankruptcy filing came three days after Three Arrows entered into liquidation in the British Virgin Islands.
Market Infrastructure
ASIC Calls on Industry to Bolster Resilience to Market Outages
05/07/2022
Market participants should not delay broader planning and change programmes aimed at ensuring their resilience to market outages, ASIC says.
Capital / Liquidity
BCBS Issues New Consultation on Banks’ Cryptoasset Exposures
01/07/2022
Total bank exposures to Group 2 cryptossets would be capped at 1% of Tier 1 capital. Banks would be permitted to recognise hedging for certain Group 2 cryptoassets.
Crypto / Digital Assets
EU Lawmakers Agree on AML Framework for Crypto
30/06/2022
Crypto asset service providers will be required to implement customer protection measures and robust AML/CFT safeguards including the travel rule.
ESG / Sustainability
SFC Reviewing Market Practices to Guard Against Risk
30/06/2022
Reviews underway cover concentration risk in OTC derivatives markets, risk management at futures brokers, and block trading practices.
Fintech / Regtech
Another Australian Neobank Announces Decision to Close
30/06/2022
The SME-focused Judo Bank is the only neobank in Australia which continues to run independently after listing on the ASX last year.
AML / KYC
G7 Nations Announce Ban on Russian Gold Imports
30/06/2022
The ban has so far been announced by US, UK, Japan, and Canada, while discussions within the EU are still ongoing.
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