Manesh Samtani
Manesh Samtani is the Editor at Regulation Asia, where he leads the regional news desk from Hong Kong, directing coverage of critical regulatory developments impacting financial services across APAC. Manesh specialises in analysing how new rules and technologies are reshaping banking, capital markets, and the fight against financial crime, providing finance professionals, compliance leaders, and policymakers with the intelligence they need to navigate risk and understand the impact of regulatory change in the region. manesh@regulationasia.com
Articles by Manesh Samtani
Capital / Liquidity
EU Banks Not Meeting Expectations Under IFRS 9
12/06/2024
ECB’s Claudia Buch said banks rely too much on overlays, underestimate default risks, and fail to reclassify loans appropriately.
Capital / Liquidity
Bank Failures of 2023 Show Lack of Focus on Culture Risk
12/06/2024
Starling Compendium says culture and conduct risk should be recognised by prudential regulators as sources of systemic risk.
Crypto / Digital Assets
FSS Korea Hosts First Industry Workshop on New Crypto Law
11/06/2024
The workshop, and future workshops, are intended to ensure the “smooth implementation” of the Virtual Asset User Protection Act in July.
Market Infrastructure
Korea Set to Implement New Responsibility Mapping System
11/06/2024
Financial holding companies and banks with assets over KRW 5 trillion must submit responsibility maps by 2 July 2026.
Crypto / Digital Assets
Korea Sets Guidelines on Treatment of NFTs Under New Law
11/06/2024
NFTs that are not unique, produced in large quantities, split into fractional units, or used in payments will be regulated under the new Virtual Asset User Protection Act.
AML / KYC
GCFFC APAC Chapter Publishes First Financial Scams Report
10/06/2024
The GCFFC calls for the establishment of an international task force or body with a clear anti-fraud and scams mandate.
AML / KYC
Singapore Sentences 9th Individual in Money Laundering Case
10/06/2024
Wang Dehai was sentenced to 16 months in prison; 17 other suspects at large overseas; Deposits involved in the case were held at 16 banks.
Sanctions
IAEA Issues Resolution Calling for Cooperation from Iran
08/06/2024
When proposing the resolution, the UK, France and Germany noted that the power to “snap back” UN sanctions on Iran is available until October 2025.
ESG / Sustainability
China Releases Plans for Carbon Footprint Management System
08/06/2024
The government expects the carbon footprint management system to force companies to participate in carbon market transactions.
Fintech / Regtech
US Treasury Seeks Input on Use of AI in Financial Services
07/06/2024
Treasury Secretary Janet Yellen said the use of AI in finance presents “tremendous opportunities and significant risks”.
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