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
Liquidity Risk
Secretary Yellen Indicates Intent to Protect Smaller Banks
22/03/2023
US Treasury Secretary Janet Yellen suggested further action could be taken, if needed, to protect other institutions that suffer deposit runs.
Structural Regulation
JBATA Finalises Fallback Methodology for TIBOR Contracts
21/03/2023
JBATA has finalised the fallback provisions for cash products referencing JPY TIBOR or Euroyen TIBOR. The changes will take effect on 1 April.
Anti-Money Laundering
Singapore: New Bill Introduced to Facilitate Introduction of COSMIC
21/03/2023
The Bill provides FIs statutory protection from civil liability in respect of their disclosure of risk information on to COSMIC for the purposes of mitigating ML, TF and PF risks.
Resolution & Recovery
Swiss Regulators Orchestrate UBS Takeover of Credit Suisse
20/03/2023
The deal gives Credit Suisse shareholders shares in UBS worth just 40 percent of what their CS shares were worth on Friday.
Liquidity Risk
US Regulators, Banks Agree Rescue Deal for First Republic Bank
16/03/2023
Eleven banks will deposit $30bn into regional lender First Republic Bank, which has suffered credit downgrades and stock price declines in recent days.
KYC & CDD
MAS Publishes Findings from Inspections of VC Fund Managers
16/03/2023
Some VCFMs did not make requisite disclosures to investors, have formalised policies and procedures in certain areas, and maintain a positive level of base capital.
Fraud, Scams & Cybercrime
FATF Publishes First Comprehensive Report on Ransomware
16/03/2023
The report says the payment and subsequent laundering of ransomware proceeds is “almost exclusively conducted through virtual assets”.
Cryptocurrency
Barney Frank Says Signature Bank Was Targeted to Deliver Anti-Crypto Message
15/03/2023
Barney Frank, who was on the board of Signature Bank, says the regulatory takeover was intended to send a message to US banks to stay away from crypto.
Resolution & Recovery
Fed to Provide Liquidity Backstop as Two More Banks Close
13/03/2023
US regulators are offering emergency funding to prevent a wider crisis after Silicon Valley Bank and Signature Bank were closed.
Cybersecurity
FIA to Form New Global Taskforce in Response to ION Outage
08/03/2023
The taskforce will assess existing cyber protections, response protocols, and safeguards around third-party service providers.
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