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
Big Picture
Significant Progress Made on Cross Border Payments: CPMI
07/06/2024
More work is needed to integrate cross-border projects with domestic systems, and to extend the operating hours of key payment systems.
Enforcement
ASIC Investigating Financial Hardship Practices at Lenders
07/06/2024
ASIC commenced court action against one major bank last year. Three other lenders are under formal investigation.
Market Infrastructure
BOK Invites Domestic Banks to Handle Cross-currency FX Trades
06/06/2024
Domestic banks can apply to participate in non-won FX transactions needed for managing Korea’s foreign exchange reserves.
Crypto / Digital Assets
Project mBridge Ready for Live Transactions by Early Adopters
06/06/2024
Private sector firms are invited to further develop the multi-CBDC platform by proposing new solutions and use cases.
Market Infrastructure
BIS Launches New Project to Enhance Cross-border Payments
05/06/2024
The project will explore a new automatic FX settlement layer solution for cross-border payments, using wCBDC as a settlement asset.
AML / KYC
Korea to Develop AI Service to Counter Voice Phishing Scams
04/06/2024
Authorities have agreed to share de-identified call data with private companies for use in developing AI services to prevent voice phishing scams.
Securities / Derivatives
IOSCO Sets Out Good Practices for Leveraged Loan, CLO Markets
04/06/2024
The report provides an analysis of LL and CLO markets and sets out 12 good practices to support decision-making in these markets.
Securities / Derivatives
HKSCC to Enhance Settlement Process for Dual Counter Securities
04/06/2024
HKSCC intends to eliminate the need for manual inter-counter transfers in CCASS during settlement of securities traded in multiple currencies.
Securities / Derivatives
MAS Issues Guidelines for New Derivatives Reporting Regime
03/06/2024
The guidelines focus on UTI generation and reporting, as well as re-reporting of contracts that haven’t yet matured when the new regime takes effect.
AML / KYC
Tokenisation Will Improve Correspondent Banking Model: BIS Paper
01/06/2024
The next generation of correspondent banking will make “previously closed corridors economically viable once again”.
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