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
Crypto / Digital Assets
Bank Indonesia Completes Stage One PoC Testing for CBDC
17/12/2024
Bank Indonesia published a report presenting the PoC findings and outlining focus areas for future exploration, including digital securities.
Fintech / Regtech
Revised Outsourcing Rules for Banks Take Effect in Singapore
16/12/2024
Banks and merchant banks have to maintain a register of outsourced services and re-perform due diligence within 2 years of engaging a service provider.
AML / KYC
Scam Loss Sharing Framework Takes Effect in Singapore
16/12/2024
The framework requires FIs and telcos to pay compensation to victims of phishing scams if they breach certain scam prevention duties.
AML / KYC
Korean Securities Firms, Savings Banks to Start Compensating Fraud Victims
16/12/2024
Korean banks already implemented a similar compensation system for non-face-to-face financial fraud from 1 January 2024.
Fintech / Regtech
Model Risk Management at Japan Banks Gaining Sophistication: FSA
15/12/2024
The FSA says FIs should continue refining their model risk management frameworks, prioritising AI-specific models.
Enforcement
Korea Implements New Guidelines for Punishing Executives of FIs
15/12/2024
The guidelines set out the process for how CEOs and executives of FIs will be sanctioned for failures to fulfill their internal control duties.
Fintech / Regtech
FSC Korea to Build Platform to Enable FIs to Use Open Source AI
13/12/2024
The FSC said it will build a platform that provides open source AI models and data with performance and safety suitable for the financial sector.
Market Infrastructure
FSB Finalises Recommendations on Cross-border Payments
13/12/2024
The recommendations aim to promote global alignment in legal, regulatory and data frameworks relevant to cross-border payments.
Capital / Liquidity
Fallout from Martial Law Declaration Continues in Korea
12/12/2024
BOK injects liquidity. FSC chairman meets with foreign FIs and domestic firms. FSS governor asks analysts to trust in Korea’s economic fundamentals.
AML / KYC
AUSTRAC Launches Consultation on New AML/CTF Rules Framework
12/12/2024
This consultation covers several areas including AML/CTF programmes, risk assessments, customer due diligence and travel rule information requirements.
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