Manesh Samtani
Manesh manages the news desk and serves as an editor at Regulation Asia. He covers regulatory changes across Asia Pacific that impact banking, capital markets, asset management, and financial services more generally. Manesh is a former trader and investment consultant with a degree in Finance and Banking. manesh@regulationasia.com
Articles by Manesh Samtani
Enforcement
UK Regulators Conclude Six-Year Probe Into HBOS Execs
30/08/2022
No further action will be taken against former senior managers of HBOS, which collapsed in 2008 during the height of the 2008 global financial crisis.
Crypto / Digital Assets
MAS to Strengthen Retail Protections from Crypto Harms
30/08/2022
MAS managing director Ravi Menon described an approach to digital assets that allows Singapore to be both stringent in its regulation and facilitative of innovation.
Fintech / Regtech
Indonesia, Singapore Commence Work on QR Payment Link
29/08/2022
Bank Indonesia also launched the “international QRIS”, initially connecting to Thailand’s payment system, and have a retail CBDC in the works.
Market Infrastructure
US, Chinese Authorities Sign Audit Cooperation Deal
29/08/2022
PCAOB inspectors will be on the ground in Hong Kong by mid-September to conduct their inspections of auditors of US-listed Chinese firms.
ESG / Sustainability
RBA Calls on FIs to ‘Act Now’ to Address Climate Risk
25/08/2022
All insurers, banks and super fund trustees face liability risk if they do not disclose, address and manage the effects of climate change sufficiently.
AML / KYC
MAS Issues AML Guidance for External Asset Managers
25/08/2022
The guidance covers governance, risk assessment frameworks, customer due diligence, enhanced CDD, and suspicious transaction reporting.
ESG / Sustainability
BOT Outlines Plans to Promote Environmental Sustainability
24/08/2022
The plans include new guidelines for banks, new data platforms, a new taxonomy, and other capacity-building initiatives.
Market Infrastructure
ESMA Calls for Relaxation of BMR Third-country Regime
23/08/2022
The current regime could impair the competitiveness of EU investors and, more generally, the EU financial market when the transitional period expires.
AML / KYC
APG Issues 2022 Annual Typologies Report
18/08/2022
The report calls for a shift towards characterising Illegal fishing as a predicate crime type for money laundering, to trigger a more effective AML/CFT response.
Crypto / Digital Assets
Fed Issues New Guidance to Banks Engaging in Crypto Activity
17/08/2022
Banks seeking to engage in crypto-asset-related activities are directed to first notify their lead supervisory point of contact at the Federal Reserve.
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