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
Anti-Money Laundering
UK Crypto Firms Required to Comply with Travel Rule by Sep 2023
20/06/2022
The UK scrapped a proposal to require both fiat currency and cryptoasset transfers to be considered when calculating the de minimis threshold, which has been set at EUR 1,000.
Market Risk
RBI Consults on Initial Margin Rules for Uncleared OTC Derivatives
20/06/2022
VM rules were proposed in 2020 and will now take effect from 1 December 2022. IM rules are open for comment until 29 July 2022.
Structural Regulation
HKMA Seeks Bank Feedback on Lower Lending Rate Caps
20/06/2022
Proposed amendments would lower the interest rate cap from 60 to 48 percent p.a., and the so-called ‘extortionate’ rate from 48 to 36 percent p.a.
Clearing & Post-Trade
Japan to Finalise New Derivatives Reporting Regime Soon
17/06/2022
The new regime will increase the reportable data elements, the number of reporting entities, and make event-based reporting to a trade repository mandatory.
Climate Risk
BCBS Issues Principles on Managing Climate Risks in Banking
15/06/2022
12 principles are aimed at banks and 6 are aimed at financial supervisors and regulators. Implementation is expected “as soon as possible”.
Reporting & Disclosures
ASIC Issues New Guidance on Prevent Greenwashing in Funds
14/06/2022
Being ‘true to label’ is a regulatory must-have when it comes to sustainability-related products, says ASIC deputy chair Karen Chester.
Structural Regulation
Canadian Regulators Propose Revised Derivatives Reporting Rules
13/06/2022
The CSA says the proposed rules will enable market participants to harmonise their reporting systems across multiple global regulators.
Trading & Investment
US SEC Unveils Plans to Address Payment for Order Flow
10/06/2022
Brokers will have to send orders from retail investors to “open and transparent” auctions and meet stronger best execution obligations.
Structural Regulation
Japan FSA Calls on Market to Complete LIBOR Transition Efforts
09/06/2022
Only a small number of JPY LIBOR contracts remain that still need to complete the transition, but USD LIBOR rates are “still widely used” by Japanese FIs and corporates.
Cryptocurrency
US Senators Propose Regulatory Framework for Crypto Assets
08/06/2022
The CFTC would be granted authority over crypto spot markets, based on the understanding that “most digital assets are more similar to commodities than securities”.
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