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
HKMA Sets Out Expectations on Tokenised Product Offerings
20/02/2024
HKMA circular sets out expectations for the sale and distribution of tokenised products in respect of due diligence, disclosure and risk management.
Big Picture
Regulators Face Culture Challenges Just Like Those They Regulate: Report
20/02/2024
New Starling Insights report argues says regulators suffer from the same cultural and behavioral ills that trouble the firms they oversee.
Market Infrastructure
MAS Issues Additional Guidance for New Derivatives Reporting Regime
16/02/2024
New FAQs are provided to support implementation of the new OTC derivatives reporting regime, which comes into force in October.
Market Infrastructure
ASIC Proposes Further Changes to OTC Derivatives Reporting Rules
16/02/2024
Among other things, the changes will simplify the exchange-traded derivatives exclusion and the scope of foreign entity reporting, as well as remove “alternative reporting”.
Fintech / Regtech
Korea Launches “Mock” Hacking Exercise Against Banks
16/02/2024
Unlike conventional tabletop exercises that involve pre-agreed scenarios, the exercise will involve surprise hacking attempts against banks by ‘white hat’ hackers.
AML / KYC
KoFIU Workplan for 2024 Has a Heavy Focus on Crypto
15/02/2024
KoFIU will also block “unqualified operators” from entering the market and “expel unqualified operators that have already entered the market”.
ESG / Sustainability
ISDA Develops Climate Scenarios for the Trading Book
14/02/2024
The climate scenarios were developed in the second half of 2023 during a pilot exercise with more than 30 banks.
Securities / Derivatives
US Regulators Expand Reporting Requirements for Private Funds
10/02/2024
The amendments will require detailed reporting on hedge funds’ concentrated positions, counterparty exposures and financing arrangements.
AML / KYC
HKMA Directs Banks to Ensure Their CDD is “Risk-based”
09/02/2024
Asking customers to provide details or proof of salary, employment or investments dating back years is “not consistent” with the risk-based approach.
Crypto / Digital Assets
Hong Kong Proposes Regulatory Framework for OTC Crypto Venues
09/02/2024
Firms providing “spot trade of any virtual assets for money” such as physical shops and ATMs would have to be licensed by the Commissioner of Customs and Excise.
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