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
Structural Regulation
EU Adopts Amended BMR, Easing Access to Foreign Benchmarks
25/03/2025
The amended BMR will ensure benchmarks published in Asia and other third countries can continue to be used in the EU to hedge interest rate and FX risks.
KYC & CDD
FinCEN Issues Interim Final Rule on Beneficial Ownership Reporting
24/03/2025
Only entities formed under the law of a foreign country and that have registered to do business in the US will have to report their BOI to FinCEN.
PEPs & Sanctions
OFAC Removes Crypto Mixer Tornado Cash from Sanctions List
24/03/2025
The decision follows a court decision that Tornado Cash’s smart contracts do not qualify as ‘property’ under the IEEPA.
Capital Adequacy
Final Basel III Reforms Provided Benefits to APAC Banks – Report
24/03/2025
The positive impact on APAC banks’ capital ratios is attributed to their lower reliance on internal models.
PEPs & Sanctions
US Sanctions Chinese Oil Refinery for Buying Iranian Oil
21/03/2025
8 vessels and 12 additional entities were also sanctioned, including the owner of an oil storage terminal in China’s Huizhou Port.
Cybersecurity
Hong Kong Passes Cybersecurity Law to Protect Critical Infrastructure
20/03/2025
The law establishes requirements for operators of critical infrastructure, including in banking and financial services, to safeguard their computer systems from cyberattacks.
Capital Adequacy
Singapore Banks to Take Steps to Reduce Excess Capital – Report
19/03/2025
S&P Global Ratings says the Basel reforms raised capital ratios at Singapore banks, and they are now likely to take steps to cut back on this excess capital.
PEPs & Sanctions
OFAC Imposes New Sanctions Targeting Iranian Oil Deliveries to China
14/03/2025
Targets include entities in Hong Kong, Mainland China, India, Singapore, Indonesia, Bangladesh, Sri Lanka
Operational Risk
BCBS to Study Bank Practices on ICT Risk Management, SRTs
14/03/2025
BCBS will analyse banks’ ICT risk management practices and, separately, how they use SRTs to transfer credit risk to NBFIs.
Cryptocurrency
GDF Warns ASIC Against Overregulating Digital Assets
14/03/2025
ASIC should create a dedicated regulatory framework instead of primarily lifting from existing requirements, GDF says.
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