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
Big Picture
BIS Paper Offers Options for Regulating Big Tech
04/10/2022
One option is to group financial activities into a dedicated subgroup under an FHC structure. A second is to create a new regulatory category for big tech financial groups.
Capital / Liquidity
BCBS Cryptoasset Treatment Will Hinder Innovation: JBA
04/10/2022
Japan Bankers Association says the proposed infrastructure risk add-on will discourage banks from developing new DLT businesses.
AML / KYC
US, UK, Canada, Australia Announce More Russia Sanctions
03/10/2022
The sanctions are a response to Putin’s attempt to annex four regions of Ukraine, after holding referendums that have been denounced as illegal and coercive.
AML / KYC
HKMA Publishes Initial Observations from AMLab Series
02/10/2022
The HKMA plans to run a network analytics-themed AMLab again later this year to give more banks an opportunity to take part.
AML / KYC
G7 Nations Imposing New Russia Sanctions Over “Sham” Referendums
30/09/2022
The EU package includes an oil price cap and a complete ban on providing crypto services to Russians. UK targets include Gazprombank, Sberbank and Sovcombank board members.
Securities / Derivatives
HKMA Unveils Details of Financial Forum to be Held in November
29/09/2022
Financial Secretary Paul Chan said this week that “bold reforms” are in the pipeline to attract talent and enterprises to the city.
Market Infrastructure
India’s CCIL Proposes to Create Infrastructure for UMR Compliance
28/09/2022
CCIL says market participants have expressed a desire since 2016 for it to provide the centralised infrastructure needed for UMR compliance.
Fintech / Regtech
MAS, IMDA Propose Measures to Make SGQR More Interoperable
28/09/2022
Merchant acquirers will have to remove all proprietary static QR code payment labels. A new fee model will be introduced for SGQR members.
Market Infrastructure
Australia: Optus Data Breach to Prompt Legislative Reform
27/09/2022
Australian Prime Minister Anthony Albanese said the Optus breach was a “huge wake-up call” for the corporate sector.
Fintech / Regtech
HKMA Issues Guidance on Protecting Payment Card Data
26/09/2022
The guidance emphasises the need for due diligence of third-party service agents, ongoing monitoring, and prompt reporting of incidents.
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