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
Market Infrastructure
Korea Enhances Executive Accountability for Internal Control Failures
11/12/2023
Similar to the UK regime, financial firms will have to document the responsibilities of their executives, who would face disciplinary action if they fail to fulfill their duties.
Fintech / Regtech
Australia Proposes Licensing Framework for Payment Services
09/12/2023
Payment service providers would need to be licensed by ASIC, and in some cases, APRA. The ePayments Code will also be updated and made mandatory.
Securities / Derivatives
MAS Updates CMSL Guidance on CEO and Director Appointments
09/12/2023
Capital markets firms must ensure proposed CEOs and directors are fit and proper and have 10 years of experience that is “relevant” to the role.
Capital / Liquidity
BCBS Says it Will Launch Three New Consultations
08/12/2023
The consultations will deal with the standards for crypto assets, interest rate risk in the banking book, and window-dressing by G-SIBs.
Crypto / Digital Assets
Singapore, China Announce New Bilateral Cooperation Agreements
08/12/2023
The agreements include a cross-border e-CNY pilot, a possible PayNow-UnionPay linkage, and an MoU between SGX and GFEX.
AML / KYC
MAS Consults on Scope of Customers Relevant to COSMIC
07/12/2023
Any person who requests the bank in Singapore to carry out a transaction would be in scope, whether or not an account has been opened or the transaction is carried out.
ESG / Sustainability
IFRS Foundation Offers Three New Commitments
07/12/2023
Chair of the IFRS Foundation Trustees, Erkki Liikanen, declared each of the commitments given two years ago “fulfilled”.
Fintech / Regtech
China Issues Operational Risk Guidelines for Securities Industry
06/12/2023
Any major operational risk event that occurs must be reported to the SAC on the same day, along with related impacts and response measures.
ESG / Sustainability
NZDPU Proof of Concept Launches, Feedback Sought
06/12/2023
The proof of concept includes an initial set of data fields, features, and functionality to solicit stakeholder insights that will inform future releases.
Capital / Liquidity
New Zealand Will Not Adopt LCR, NSFR, Says RBNZ
06/12/2023
The RBNZ will release a third consultation on its liquidity policy in Q2 2024 proposing simplified liquidity requirements for smaller deposit takers.
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