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
Conduct, Culture & Accountability
Korea FSS Widens Probe into Sales of High Risk Derivatives
09/01/2024
The FSS found that some firms incentivised sales of high-risk and complex ELS products through internal policies and KPIs.
DeFi & Web3
CFTC Offers Policy Recommendations to Address DeFi Risks
09/01/2024
The report calls on the government and industry to work together to better understand DeFi and “advance its responsible and compliant development”.
AI Risk & Governance
Large Language Models Can’t Yet be Used for ‘Highstakes’ Analysis: BIS
06/01/2024
Current large language models like GPT-4 do not yet have the “rigorous reasoning abilities necessary for some core analytical activities”.
AI Risk & Governance
Korea to Launch AI-based Advertising Surveillance System
05/01/2024
The new system will use an AI to automatically identify illegal financial advertisements and automate requests to block them.
Clearing & Post-Trade
Early Testing Will Be Key to Derivatives Reporting Compliance
04/01/2024
DTCC’s Chris Childs and Priya Kundamal say there is no replacement for early testing to ensure data and reporting systems are fit for purpose.
Operational Risk
China Finalises Rules for Banks, Insurers on Operational Risk Management
01/01/2024
The new rules will come into effect on 1 July 2024, with a one-year transition period for implementation.
Trade Based Money Laundering
Four Arrested in HK for Diamond-based Money Laundering Scheme
28/12/2023
Hong Kong companies traded synthetic diamonds with a company in India but declared them as natural diamonds as a way to launder money.
Fraud, Scams & Cybercrime
Korean Banks Set to Start Compensating Customers for Fraud Losses
28/12/2023
From 1 January 2024, customers who suffer losses from unauthorised electronic financial transactions will be able to seek compensation from banks.
Stablecoins
Hong Kong Opens Consultation on Regulatory Regime for Stablecoins
28/12/2023
Hong Kong will implement a licensing regime that will require issuers of fiat-backed stablecoins that meet certain conditions to be licensed by the HKMA.
Climate Risk
NYDFS Finalises Guidance on Climate Risk Management
27/12/2023
NYDFS has finalised the guidance but plans to first collect information from regulated organisations before establishing any concrete implementation timelines.
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