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
Fintech / Regtech
DBS, JP Morgan, Temasek Team Up on Cross-border Payments
28/04/2021
An open platform will be developed to enable real-time cross-border multi-currency payments, trade finance, foreign exchange and DVP securities settlements.
AML / KYC
UK Establishes New Global Anti-Corruption Sanctions Regime
28/04/2021
The UK has made its first 22 designations under the new regime, including individuals in Russia, South Africa, Honduras, Nicaragua, Guatemala and South Sudan.
Securities / Derivatives
China Lawmakers Commence Review of New Futures Law
28/04/2021
The law will stipulate rules for futures trading, settlement and delivery systems, establish investor protection mechanisms, and include netting provisions.
AML / KYC
HKMA Offers Guidance on Combatting Covid-19 Related Fraud, AML
26/04/2021
The guidance emphasises the use of data from internal and external sources, proactive data analysis and information sharing to tackle emerging AML risks.
Capital / Liquidity
ECB Identifies Internal Model Deficiencies at Big Banks
25/04/2021
The changes to correct the deficiencies will result in an overall absolute increase in risk-weighted assets of about EUR 275 billion.
Enforcement
ASIC Seeks Feedback on New Breach Reporting Guidance
23/04/2021
The draft regulatory guide provides clarification on what constitutes a reportable situation under the upcoming breach reporting reforms.
AML / KYC
BaFin Files Criminal Complaint Against Deutsche Bank Exec
23/04/2021
Alexander Schütz is suspected of using inside information to trade Wirecard shares. A separate probe into EY’s audits of Wirecard is continuing.
Market Infrastructure
HKMA Directs Banks to Prepare for OpRisk Rule Updates
22/04/2021
The HKMA plans to revise its SPM module on Operational Risk Management to incorporate elements of the revised PSMOR issued by the BCBS.
ESG / Sustainability
APRA Issues Draft Guidance on Climate-related Financial Risk
22/04/2021
The consultation says institutions and boards may face liability risks if they do not adequately consider or respond to the impacts of climate change.
AML / KYC
ABN Amro to Settle Dutch AML Probe for €480m
22/04/2021
ABN Amro conducted inadequate client due diligence, assigned risk classifications in an incorrect manner, and fell short in alert processing, among other failures.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team