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
AI Risk & Governance
FSC Korea to Build Platform to Enable FIs to Use Open Source AI
13/12/2024
The FSC said it will build a platform that provides open source AI models and data with performance and safety suitable for the financial sector.
Payments & Settlements
FSB Finalises Recommendations on Cross-border Payments
13/12/2024
The recommendations aim to promote global alignment in legal, regulatory and data frameworks relevant to cross-border payments.
Liquidity Risk
Fallout from Martial Law Declaration Continues in Korea
12/12/2024
BOK injects liquidity. FSC chairman meets with foreign FIs and domestic firms. FSS governor asks analysts to trust in Korea’s economic fundamentals.
Anti-Money Laundering
AUSTRAC Launches Consultation on New AML/CTF Rules Framework
12/12/2024
This consultation covers several areas including AML/CTF programmes, risk assessments, customer due diligence and travel rule information requirements.
Structural Regulation
Korea Unveils Plan for Promoting Wider Adoption of KOFR
12/12/2024
10% of IRS transactions and FRN issuance by FIs in 2025 will be KOFR-based. Central clearing of KOFR-based swaps will also start in 2025.
Liquidity Risk
FSB Issues Recommendations to Enhance Non-banks’ Liquidity Preparedness
11/12/2024
The recommendations cover liquidity risk management and governance, stress testing and scenario design, and collateral management practices.
Structural Regulation
RBI to Launch a New Interest Rate Benchmark Called SORR
10/12/2024
The Secured Overnight Rupee Rate will be based on market repo and tri party repo transactions, which account for 98% of overnight money market transactions.
Anti-Money Laundering
Egmont Group Offers Guidance to FIUs on Conducting NRAs
10/12/2024
New Egmont Group report discusses best practices for identifying ML/TF risks, common challenges experienced in NRAs, and strategies for ensuring success.
KYC & CDD
FATF Should Recognise ‘Alternative Measures’ to Promote Inclusion
09/12/2024
The Wolfsberg Group says the FATF standards should explicitly recognise and encourage “alternative measures” such as limited-purpose account types and tailored monitoring.
Emerging Prudential Risks
Korean Securities Firms Asked to Prepare for Market Shocks
08/12/2024
BOK promised “unlimited” liquidity. FSS met with 36 securities firms. FSC activated stabilisation funds. VASP operations impacted.
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