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 Directs Banks & Alipay to Stamp Out Crypto Activity
22/06/2021
Financial institutions are asked to identify the capital accounts of crypto exchanges and OTC dealers, and cut off their payment channels.
Fintech / Regtech
Malaysia, Thailand Establish Cross-border QR Payment Link
21/06/2021
The first phase of the project, now complete, allows Thai users to make QR code payments to merchants in Malaysia, including for online e-commerce transactions.
Market Infrastructure
MAS to Migrate MEPS+ to ISO 20022 in June 2022
21/06/2021
MAS is adopting a two-phased approach to migrate to ISO 20022, beginning with payments on MEPS+ in June 2022.
Market Infrastructure
IMF Proposes Introduction of Global Carbon Price Floors
21/06/2021
The IMF says limiting global warming to 1.5 to 2 degrees will require a global carbon price of around $75 per ton, compared to only $3 per ton currently.
Fintech / Regtech
HKMA Issues Practice Guide on Cloud-based Regtech Solutions
20/06/2021
Guidance is provided on the use of APIs to address barriers to adoption created by legacy systems that are inflexible to change.
Fintech / Regtech
HKMA Outlines Three Year Roadmap for Suptech Adoption
20/06/2021
The HKMA will explore the potential conversion of regulations into machine-executable codes and the introduction of a system that automatically creates regulatory reports.
Capital / Liquidity
RBNZ Finalises 7-Year Roadmap for Higher Bank Capital
18/06/2021
The minimum total capital requirement for banks will increase 9% from 1 July 2024. Banks will also be expected to hold a ‘Prudential Capital Buffer’.
Securities / Derivatives
Hong Kong-Thailand Mutual Recognition of Funds Takes Effect
17/06/2021
Hong Kong’s SFC and Thailand’s SEC say the MRF scheme has taken effect. Both have issued new guidance on obtaining authorisation under the scheme.
AML / KYC
FATF Framework Can Better Support Financial Inclusion: RUSI
16/06/2021
There are insufficient incentives within the framework to ensure the FATF Standards are implemented in a way that supports inclusion.
Fintech / Regtech
BIS Innovation Hub Launches Nordic Centre in Stockholm
16/06/2021
The Nordic Centre was opened in collaboration with the central banks of Denmark, Iceland, Norway and Sweden.
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