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
Resolution & Recovery
FDIC to Charge Banks $16bn to Recover SVB, Signature Losses
14/05/2023
The FDIC proposes to require lenders with more than $50bn in assets to cover 95% of the losses associated with the SVB and Signature Bank failures.
Anti-Money Laundering
Australia Budget Offers Funding for AML, Scams, Cyber
10/05/2023
Funding is provided to AUSTRAC, the Attorney-General’s Department, ASIC, the ACCC, and the launch of an SMS Sender ID Registry.
Fraud, Scams & Cybercrime
MAS to Consult on Scam Loss Sharing Framework in Q3
09/05/2023
Senior Minister Tharman Shanmugaratnam said the framework will include obligations for telcos, not just FIs and consumers.
Anti-Money Laundering
HKMA Calls for Broader Adoption of Network Analytics by Banks
09/05/2023
Around 60 percent of retail banks in Hong Kong are now deploying network analytics. Some are using this capability to file “super STRs”.
Cryptocurrency
New Bill Unveiled to Strengthen Crypto Regulation in New York
08/05/2023
The CRPTO Act would ban the use of the term “stablecoin” except for digital assets backed 1:1 with the safest of reserve assets. Crypto platforms would have to reimburse fraud losses.
Capital Adequacy
Thousands of US Banks are “Underwater” and “Potentially Insolvent”
07/05/2023
Report by Stanford Professor Amit Seru and a group of banking experts presents an analysis of US banks’ asset exposure to interest rate hikes and the implications for financial stability.
Liquidity Risk
PacWest Bancorp Exploring Potential Capital Raise or Sale – Reports
04/05/2023
There is concern that PacWest might be the next bank to fail, though it is smaller than SVB and First Republic and has 75 percent of its deposits insured.
Liquidity Risk
Capital Has Not Left Hong Kong’s Financial System: HKMA
04/05/2023
Deposits at Hong Kong banks grew by 1.4% in the year ending March 2023, despite some outflows from HKD assets in response to interest rate differentials.
Anti-Money Laundering
Sydney Roundtable: More AML Guidance Needed for Capital Markets
04/05/2023
Roundtable participants said there is often little attention being paid to money laundering risks by capital market practitioners in Australia.
Anti-Bribery & Corruption
EU to Extend Sanctions Regime to Cover Corruption
04/05/2023
The EU would be able to target serious acts of corruption worldwide with travel bans and asset freezes, similar to the US Magnitsky Act.
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