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
Fintech / Regtech
ASIC Releases API for Reportable Situations Submissions
23/11/2022
The API provides a machine-to-machine interface solution to submit notifications about reportable situations, removing the need to manually input information into ASIC’s form.
AML / KYC
UK Parliamentary Report Calls for Overhaul of Approach to Fraud
21/11/2022
The report says “failure to prevent fraud” should be introduced as a new corporate criminal offence, along with significant financial penalties.
Crypto / Digital Assets
FTX’s “Complete Failure” of Corporate Controls, Worse Than Enron
18/11/2022
Restructuring specialist John J Ray says FTX’s failure is the worst he has ever seen, citing control failures and the “complete absence” of trustworthy financial information.
AML / KYC
Medibank Customers Face Continued Threat of Data Leaks
17/11/2022
Medibank refused to pay a $10m ransom to hackers, who have since released information linking individuals to drug addiction, alcohol abuse, abortions and mental health treatment.
AML / KYC
Sanctions Based on UN Consensus Mechanisms are Declining
17/11/2022
New Refinitiv paper says one of the most significant trends observed in its analysis of sanctions data is a steep decline in the importance of the UN’s sanctions.
Market Infrastructure
ASX Pauses CHESS Replacement Project to Reassess Design
17/11/2022
ASX will write off about A$250mn in capitalised software, in response to an independent review by Accenture. ASIC and the RBA express disappointment.
Crypto / Digital Assets
ISDA to Publish Draft Standards for Crypto Derivatives by Year End
15/11/2022
ISDA will also consider developing collateral documentation for OTC crypto derivatives transactions and standard contracts for crypto swaps and physically-settled transactions.
Capital / Liquidity
India Resists ESMA Requirements on CCP Recognition – Reports
14/11/2022
ESMA decision will block EU banks from dealing with Indian CCPs after 30 April 2023. India faces similar standoffs with UK and Japanese regulators.
Crypto / Digital Assets
FTX Bankruptcy, Secret Transfers, and Regulatory Probes
14/11/2022
FTX files for Chapter 11 bankruptcy protection in Delaware as regulators in multiple jurisdictions investigate allegations of illegal activity.
Big Picture
FSB Letter to G20 Highlights Risks from Debt, Crypto, Climate
13/11/2022
The FSB is concerned with record-high debt levels, structural vulnerabilities in crypto, and climate-related financial risks.
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