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
AML / KYC
PBOC Set to Establish Beneficial Ownership Register
27/12/2021
Companies, partnerships, and branches of foreign companies will have until 1 March 2023 to file their beneficial ownership information.
Market Infrastructure
HKMA Proposes New Guidance on Operational Resilience
23/12/2021
Revisions to guidance on operational risk management and BCP have also been proposed to align with the operational resilience guidance.
Capital / Liquidity
HKMA Consults on Local Adoption of Pillar 3 Disclosure Requirements
23/12/2021
The HKMA proposes to implement almost all the Pillar 3 disclosure requirements, including leverage ratio and market risk disclosure requirements.
AML / KYC
Trade Misinvoicing a Persistent Problem Across Nations: GFI
22/12/2021
GFI says countries need to make trade misinvoicing illegal at the national level and strengthen law enforcement capacities of customs authorities.
Securities / Derivatives
SEBI Suspends Trading in Key Agri-Derivatives to Curb Inflation
22/12/2021
The trading suspension is a response to rising food inflation. Observers expect the move to impact market confidence and make hedging more difficult.
Market Infrastructure
PBOC, CBIRC Urge Banks to Support Real Estate M&A Deals
21/12/2021
Banks are asked to support acquisitions of property development projects by healthy real estate companies, including by providing direct loans and facilitating bond issuance.
Big Picture
ISDA Outlines Next Steps to Develop China Derivatives Markets
20/12/2021
China’s draft Futures and Derivatives Law will remove a major barrier to international participation in China’s derivatives markets, ISDA says.
Securities / Derivatives
HKEX Finalises Framework for SPAC Listings in Hong Kong
20/12/2021
The new framework takes effect on 1 January. A SPAC’s securities must be distributed to at least 20 institutional professional investors, down from 30 proposed during consultation.
Market Infrastructure
HKMA Sets Targets for Launch of New Credit Reference Platform
19/12/2021
The new platform will serve as an interface for credit providers and CRAs to share credit data, as Hong Kong prepares to introduce additional CRAs in the city.
AML / KYC
FCA Fines HSBC Over ‘Prolonged’ AML Deficiencies
19/12/2021
Three key parts of HSBC’s automated transaction monitoring systems showed “serious weaknesses” between March 2010 to March 2018.
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