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
Anti-Money Laundering
FATF Publishes Mutual Evaluation Report on India
20/09/2024
The report says India is achieving good results, but that it needs to address domestic PEPs, risks in the NPO sector, and a backlog of court cases.
Trading & Investment
Hong Kong Market Will Stay Open During Typhoons Starting Monday
20/09/2024
Market participants accounting for 99.9% of the securities market and all derivatives participants have declared they are fully prepared for the reform.
Clearing & Post-Trade
French and German Banks Calling on RBI to Adjust Trading Rules
19/09/2024
The existing rules would not be able to accommodate a third-party trading model proposed as a temporary solution to address ESMA’s derecognition of Indian CCPs.
Anti-Money Laundering
Europol Leads Takedown of Messaging Platform Used by Criminals
19/09/2024
A total 51 suspects have been arrested, including 38 in Australia, where the platform’s mastermind was located and a drug lab was dismantled.
Emerging Prudential Risks
US, Hong Kong Cut Rates for the First Time in Four Years
19/09/2024
The last time the US Federal Reserve and HKMA lowered their benchmark interest rates was during the early days of the Covid-19 pandemic in 2020.
Structural Regulation
ASIC Publishes Guidance on New Derivatives Reporting Regime
19/09/2024
The guidance is intended to help reporting entities understand how to comply with the new reporting obligations which take effect on 21 October 2024.
Reporting & Disclosures
HKICPA Consults on Exposure Drafts to Adopt ISSB Standards
19/09/2024
The exposure drafts are open for consultation until 27 October. The standards will be finalised by end 2024 and take effect on 1 August 2025.
Cloud & Infrastructure
China Takes Aim at Poor Quality Mobile Banking Apps
18/09/2024
Regulators have directed FIs to improve their management of mobile app development, enhance the user experience and better protect against IT risks.
Tokenisation
More Than 40 Private Sector Firms Join BIS Project Agora
17/09/2024
Seven central banks will work with more than 40 financial firms to explore how tokenisation can enhance wholesale cross-border payments.
Anti-Money Laundering
China Consults on Revisions to Anti–Money Laundering Law
17/09/2024
The revisions now include stronger protections for personal data and requirements for FIs to assess and manage risks arising from new technologies.
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