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
Sanctions
US Authorities Explain Sanctions Obligations of Non-US Persons
07/03/2024
DOJ, OFAC, and Commerce Department explain their enforcement authority and provide examples of actions already taken against non-US-based parties.
ESG / Sustainability
US SEC Adopts Mandatory Climate Disclosure Rules
07/03/2024
The final rules allow large companies to report Scope 1 and 2 emissions only if they are material, and remove requirements to also disclose Scope 3 emissions.
Securities / Derivatives
CSRC Promises Stricter Regulation, Supervision of Capital Market
07/03/2024
Chairman Wu Qing said the CSRC would “act decisively” in the stock market, improve its rules framework, and strengthen investor protection.
Capital / Liquidity
Basel III Monitoring Shows Bank Capital Ratios “Largely Stable”
07/03/2024
Capital shortfalls under the final Basel III standards increased slightly for large internationally active banks, which saw record profits.
Crypto / Digital Assets
BIS Innovation Hub to Explore ‘Privacy by Design’ for CBDC
07/03/2024
The BIS Innovation Hub and HKMA have launched Aurum 2.0, a project focused on building privacy features into CBDC systems.
Capital / Liquidity
BNM Sets Expectations on Climate Risk Stress Testing
05/03/2024
Capital add-ons may be used to address inadequate progress towards strengthening resilience to climate-related risks.
AML / KYC
Wolfsberg Group Publishes Updated Country Risk FAQs
04/03/2024
FIs must strike a balance in how they assess country risk and apply their consideration in customer and other risk frameworks.
Enforcement
US Secures $661m Settlement from Swiss Oil Trader for FCPA Violations
04/03/2024
Over a nearly a decade, Gunvor Group paid more than $97mn to secure business from Ecuador, generating $384mn in illicit profits.
Market Infrastructure
Bonnie Chan Takes Over as Chief Executive of HKEX
04/03/2024
The CEO-handover took effect just after HKEX reported an 18% jump in its 2023 profits, but a 13% drop in fourth-quarter profits.
Securities / Derivatives
Hong Kong Launches New Immigration Scheme for Investors
04/03/2024
The New Capital Investment Entrant Scheme opened for applicants on Friday, several months earlier than expected.
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