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
Enforcement
US SEC, CFTC Announce $470m in New Fines in WhatsApp Probe
15/08/2024
Since 2021, the SEC and CFTC have issued more than $3.3bn in penalties for record-keeping failures involving messaging platforms.
Fintech / Regtech
FSC Korea Offers Roadmap for Relaxing Network Separation Rules
15/08/2024
Financial institutions will be allowed to use cloud computing and generative AI provided they have adequate security assurance measures in place.
Capital / Liquidity
Bangladesh Banking Sector Facing Elevated Risks: S&P Global Ratings
14/08/2024
S&P Global Ratings says ongoing reforms could be delayed, liquidity will remain tight, and asset quality vulnerabilities will pressure banks.
Securities / Derivatives
Foreign Firms in China Struggle to Meet Demand for Overseas Assets
14/08/2024
The high demand is reportedly causing foreign firms in China to ration their QDII quotas. Meanwhile, the QDLP programme is under fresh scrutiny from regulators.
Securities / Derivatives
Korea on Track to Launch New ‘Value-Up Index’ Next Month
14/08/2024
New FSC Chairman Kim Byoung-hwan said the new index will launch “without a hitch” in September and related ETFs in Q4 this year.
Capital / Liquidity
HKMA Proposes Revisions to Guidance on Fair Value Practices
14/08/2024
The HKMA said the guidance is “especially important for positions without quoted prices in active markets or observable inputs to valuation, as well as less liquid positions.”
Market Infrastructure
PBOC to Increase Bond Trading in Open Market Operations
13/08/2024
The PBOC and CSRC are trying to deter regulated firms from investing in long-dated treasury bonds to cool a bond market rally and put a floor under yields.
Fintech / Regtech
Australia Outlines Plan for Revamp of Consumer Data Right
13/08/2024
Assistant Treasurer Stephen Jones said the CDR currently costs too much to implement, which has resulted in little takeup.
AML / KYC
US Fed Imposes Conditions on Customers Bank for AML Deficiencies
12/08/2024
The Fed cited risk management deficiencies relating to an instant payments platform used to enable crypto firms to make around-the-clock US dollar payments.
AML / KYC
Australia AGD Will ‘Shortly’ Publish Anti-Foreign Bribery Guidance
11/08/2024
The guidance will help firms prepare for reforms that introduce ‘failure to prevent foreign bribery’ a new corporate offence from 8 September.
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