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
AML / KYC
New Singapore Bills Target Money Mules, Singpass Abuse
18/04/2023
The MHA and SNDGO proposed amendments that will empower the police to prosecute money mules and those who sell and trade Singpass credentials.
Market Infrastructure
DSB Launches UPI User Acceptance Test Environment
17/04/2023
The UAT environment will help the industry prepare for incoming OTC derivatives reporting requirements. The full UPI Service will launch on 16 October 2023.
ESG / Sustainability
HKEX: Climate-related Disclosures to Become Mandatory in 2024
16/04/2023
New rules aligned with the TCFD recommendations and the ISSB Climate Standard will become effective in January 2024.
AML / KYC
Working Group Formed to Update Crypto’s IVMS101 Standard
16/04/2023
The working group will update the IVMS101 standard and develop other standards to create “greater consistency and integrity” within the crypto ecosystem.
Capital / Liquidity
FDIC Official Says 2018 Rule Changes Did Not Cause SVB Failure
14/04/2023
SVB’s collapse was mostly attributable to mismanagement of interest rate risk. Regulatory change should be evaluated “thoughtfully”.
Market Infrastructure
FSB Proposes Standard Global Approach to Cyber Incident Reporting
14/04/2023
The FSB will establish a new working group to further develop its proposed ‘format for incident reporting exchange’, known as FIRE.
Fintech / Regtech
Italy ChatGPT Ban Prompts Broader Scrutiny of AI Tools
12/04/2023
Taiwan is exploring the use of AI tools by banks. China has issued draft rules for AI development. The US is exploring accountability mechanisms for AI systems.
Crypto / Digital Assets
China Fines Crypto Miner Bitmain for Tax Violations
12/04/2023
Bitmain’s Beijing unit failed to withhold and pay personal income tax on employees’ salaries and other benefits totalling CNY 16.6 million.
Fintech / Regtech
Philippine Banks Undergo Major Change in Regulatory Reporting
11/04/2023
BSP deputy governor Chuchi Fonacier says 18 reporting templates and Excel files totalling 300-plus schedules are being reduced to a single XML file.
Crypto / Digital Assets
New FTX Report Reveals Extent of Control Failures
11/04/2023
FTX stored private keys in plain text documents without encryption on an FTX group server that was accessible by staff.
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