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
Big Picture
MAS Sets Out Climate Strategy in Inaugural Sustainability Report
09/06/2021
Five asset managers have been appointed to manage S$1.8bn of Singapore’s official foreign reserves under new mandates focused on climate change and the environment.
Capital / Liquidity
BCBS to Consult on Capital Rules for Banks’ Crypto Exposures
09/06/2021
The proposed consultation builds on an earlier paper which outlined an approach that would subject direct crypto exposures to full deductions from CET1 capital.
Market Infrastructure
CFTC Subcommittee Proposes Switch to SOFR for Interdealer Swaps
09/06/2021
The ARRC said the change, proposed for 26 July, will allow it to formally recommend forward-looking SOFR term rates published by CME Group.
Capital / Liquidity
APRA Proposes Phased Approach to New Credit Risk Reporting Standard
09/06/2021
An interim and simplified reporting standard will apply while ADIs develop their capabilities for delivering the full suite of credit risk data collected by ARS 220.0.
ESG / Sustainability
SFC Raises Supervisory Focus on Fund Manager Resilience
08/06/2021
The SFC is on the lookout for funds with outsized and concentrated bets to prevent an Archegos-type event in Hong Kong.
Capital / Liquidity
PBOC Accepts Applications to Establish Financial Holding Companies
07/06/2021
China CITIC Limited and China Everbright Group have become the first to apply for approval to establish financial holding companies.
AML / KYC
AUSTRAC Publishes Guidance on Detecting Cuckoo Smurfing
07/06/2021
The guidance offers indicators to help financial services firms identify and report suspicious transactions related to cuckoo smurfing.
ESG / Sustainability
G7 Finance Ministers Agree on 15pc Global Minimum Tax Rate
07/06/2021
The global minimum tax will end the race-to-the-bottom in corporate taxation and ensure fairness for the middle class and working people, Janet Yellen said.
AML / KYC
Biden Executive Order Amends, Clarifies China Blacklist
04/06/2021
The revised EO is clearer, addresses many of the problem areas in the old EO, and is more enforceable, says Nick Turner at Steptoe & Johnson.
Capital / Liquidity
CBIRC Green-lights Ant Group Consumer Finance Unit
04/06/2021
Ant will hold a 50% stake in the new unit, which forms a key part of the restructuring that was ordered to resolve regulatory concerns.
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