Manesh Samtani
Manesh Samtani is Editor at Regulation Asia, where he leads the editorial and research teams from Hong Kong. His work examines how regulatory change and technology are reshaping banking and financial markets, with a particular focus on digital assets, financial crime and sanctions. Manesh is a former securities industry practitioner and holds a bachelor's degree in finance and banking. [email protected]
Articles by Manesh Samtani
Conduct, Culture & Accountability
MAS Enhances Safeguards for Vulnerable Advice Customers
28/08/2023
Financial advisory firms have to identify vulnerable customers, conduct pretransaction checks, and ask a “trusted individual” to be present during the sales and advisory process.
Cryptocurrency
US Authorities Propose New Tax Reporting Rules for Crypto
27/08/2023
Crypto firms, NFT platforms, and wallet providers would have to report sales and exchanges of digital assets to the IRS.
PEPs & Sanctions
US Sanctions Tornado Cash Co-founder, Arrests Another
24/08/2023
Russian national Roman Semenov was added to OFAC’s sanctions list. Another co-founder, Roman Storm, was arrested on Wednesday.
Cryptocurrency
BIS Paper Warns of Heightened Risks from Crypto in EMEs
23/08/2023
Certain “risk catalysts” in emerging markets can strengthen the transmission channels through which risks from crypto markets can affect financial stability.
AI Risk & Governance
US Court Rules AI-Generated Work Cannot be Copyrighted
22/08/2023
Human authorship is a bedrock requirement of copyright, a federal judge ruled in a case that dates back to 2019.
Cryptocurrency
NZ Parliamentary Report Warns Against Overregulating Digital Assets
21/08/2023
New Zealand does not need to urgently design and implement an integrated regulatory framework for digital assets at this time, the report says.
Trading & Investment
China Unveils Package of Measures to Reinvigorate Stock Market
21/08/2023
The measures include reducing transaction fees, encouraging stock buybacks by listed companies, and a possible extension of trading hours.
Conduct, Culture & Accountability
FSS Korea Targets Internal Controls, Lending Compliance at Banks
20/08/2023
Bank presidents asked to inspect their institutions’ internal control systems, and to do more to contain rising levels of household indebtedness.
Model Risk
ECB Calls on Banks to Simplify and Streamline Internal Models
20/08/2023
Banks should consider using less sophisticated approaches for exposure classes that involve small portfolios or portfolios with limited representative data.
Anti-Money Laundering
FCA Sets Out Expectations on Crypto Travel Rule Compliance
18/08/2023
UK firms that receive a crypto transfer with incomplete information may block the beneficiary from accessing the crypto.
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