Manesh Samtani
Manesh manages the news desk and serves as an editor at Regulation Asia. He covers regulatory changes across Asia Pacific that impact banking, capital markets, asset management, and financial services more generally. Manesh is a former trader and investment consultant with a degree in Finance and Banking. manesh@regulationasia.com
Articles by Manesh Samtani
Fintech / Regtech
UK House of Commons Report Calls for Dedicated Bill on AI Governance
06/09/2023
Key committee outlines 12 challenges related to AI governance, calls for the introduction of a “tightly-focused” AI Bill in the next King’s Speech.
AML / KYC
APG Spotlights Money Laundering Associated With Tax Crimes
06/09/2023
A key and “almost universal” element of money laundering associated with tax crimes is the concealment of beneficial ownership, APG says in a new report.
Capital / Liquidity
FSB Warns of ‘Further Shocks’ in G20 Progress Update
06/09/2023
The update also discusses the FSB’s work to address NBFI risks, implement its recommendations on crypto regulations, and respond to climate-related risks.
Crypto / Digital Assets
Australia: Senate Committee Rejects Andrew Bragg Crypto Bill
05/09/2023
The committee said consultations planned by the government are the most appropriate way to develop a regulatory framework for digital assets.
Fintech / Regtech
Fragility of Deep Learning Models May Present Systemic Risk: BOE
04/09/2023
New paper says the “underlying fragility” of deep learning frameworks used by FIs increases risks for individual firms and the financial system.
Market Infrastructure
Japan FSA Revises OTC Derivatives Reporting Requirements
04/09/2023
The FSA is making changes to its guidelines to remove the “UPI” and “Delta” requirements from the 1 April 2024 go-live date.
AML / KYC
Cayman Islands Proposes Beneficial Ownership Transparency Bill
04/09/2023
Public access to the beneficial ownership register will be enabled, but only after there is clarity on the effect of the CJEU’s November 2022 ruling.
Capital / Liquidity
PBOC Cuts FX Reserve Requirement, Eases Mortgage Policies
04/09/2023
The measures are part of efforts to support the economy, the property sector, and the Chinese yuan.
ESG / Sustainability
Korea Goes Live With ESG Ratings Best Practice Guidelines
01/09/2023
Three ESG rating agencies have adopted the guidelines, and launched a new self-regulatory body for Korea’s ESG evaluation market.
AML / KYC
MAS Offers New Guidance on BO Identification, Complex Structures
01/09/2023
MAS inspections found “executional lapses” in this area as a result of “weak oversight” and “lack of risk awareness and vigilance”.
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