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
Capital / Liquidity
EU Banks Using Window Dressing to Avoid G-SIB Surcharges
13/08/2021
Several EU banks may be purposefully compressing their balance sheets at year-end to lower their G-SIB scores and the associated capital surcharges.
AML / KYC
HKMA Issues “Mandate” for Innovation in AML/CFT
12/08/2021
The HKMA will launch interactive lab sessions to experiment with new technologies and emerging data analytics techniques, with an initial focus on network analytics and NLP.
Securities / Derivatives
PBOC Scraps Rule Requiring Bond Issuers to Obtain Credit Rating
11/08/2021
Requirements for bonds issued in the interbank market to obtain a credit rating have disincentivised rating agencies from properly disclosing credit risks.
AML / KYC
SFC Finalises Investor ID, OTC Securities Reporting Regimes
11/08/2021
The investor identification regime is expected to be launched in H2 2022. The securities transactions reporting regime will go live in H1 2023.
ESG / Sustainability
SGX to Consult on Sustainability Reporting Enhancements “Soon”
10/08/2021
The consultation will seek views on incorporating the TCFD recommendations, specific metrics to improve data comparability, assurance requirements, and board diversity disclosures.
AML / KYC
Australia to Introduce Magnitsky-style Sanctions Law
08/08/2021
Australia will be able to impose targeted financial sanctions and travel bans against individuals and entities without the need for specific country-based regimes.
Market Infrastructure
RBI Amends Guidelines to Facilitate LIBOR Transition
08/08/2021
Banks are permitted to extend export credit using alternative rates. A change in the benchmark used in a derivatives contract need not be treated as a restructuring.
ESG / Sustainability
US SEC Approves Nasdaq Proposal on Board Diversity
08/08/2021
The new rules will require listed companies to meet race and gender targets, or explain in writing why they have failed to do so.
AML / KYC
MAS Finalising New Data-sharing Platform for Banks
05/08/2021
The new platform will enable banks to securely share information on customers exhibiting significant risk red flags and warn each other of potential criminal activity.
AML / KYC
China’s Opposition to Cryptocurrency is Ideological – Report
05/08/2021
A new Chainalysis report explains China’s crackdown on cryptocurrency, the country’s role in crypto-related crime, and the implications of a digital yuan.
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