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
US Treasury and PBOC to Conduct Joint Financial Shock Exercises
09/04/2024
The exercises will help establish lines of communication between US and Chinese regulators and identify areas of potential cross-border contagion and other risks.
Crypto / Digital Assets
ESMA Calls on EU Commission to Clarify Aspects of DLT Pilot Regime
08/04/2024
Four applications have been received and eight others are expected in 2024, but no authorisations have been granted under the Regime.
Crypto / Digital Assets
New BIS Project Seeks Overhaul of Global Payment System
04/04/2024
Seven central banks will develop common infrastructure that can accommodate tokenised versions of wholesale central bank money and commercial bank deposits.
Big Picture
Industry Bodies Push Back Against BCBS Crypto Treatment
04/04/2024
ISDA, GFMA, FIA and other trade bodies say banks should not be penalised for trying to innovate with public permissionless blockchains.
Securities / Derivatives
BOK Forms Work Group to Promote Greater Use of KOFR
03/04/2024
Policymakers and industry participants are concerned that the widely-used CD rate may not be recognised internationally in the future.
Crypto / Digital Assets
HKMA to Explore Common Industry Standards for Digital Money
02/04/2024
Phase 2 of HKMA’s e-HKD testing initiative will explore the development of standards on interoperability and smart contract design.
AML / KYC
New Requirements Commencing for Crypto Firms in Singapore
02/04/2024
The amendments take effect in stages from 4 April 2024, with transitional arrangements for firms currently conducting activities under the expanded scope of the Payment Services Act.
Crypto / Digital Assets
HKMA to Soon Issue Guidelines for Banks on DLT Adoption
02/04/2024
HKMA’s Raymond Chan said the new guidelines will not be binding nor exhaustive, but they will provide a “helpful benchmark” for banks looking to plan and develop DLT solutions.
AML / KYC
FATF Sheds Light on Global Implementation of Crypto Standards
31/03/2024
91% of jurisdictions with materially important VASP activity have enacted or are in the process of enacting AML/CTF requirements for VASPs.
Market Infrastructure
UK Starts Preparing for Move to T+1 Settlement Cycle
31/03/2024
Some operational changes will be implemented by end-2025, to enable the market to prepare for a full transition to T+1 before end-2027.
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