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
AML / KYC
Australia Consults on New Beneficial Ownership Disclosure Regime
08/11/2022
The first phase will require specified entities regulated under the Corporations Act to maintain accurate, up‑to‑date and publicly accessible beneficial ownership registers.
Market Infrastructure
MAS to Ban Payment for Order Flow from 1 April 2023
07/11/2022
Brokers “should not receive PFOF in placing and/or executing customers’ orders” because it “introduces conflicts of interests” and is “likely to cause harm to customers”, MAS says.
Fintech / Regtech
SEBI Drafts Cloud Adoption Framework for Regulated Entities
06/11/2022
The framework says there are “no limitations” on the use of any cloud deployment models, but provision must only be from data centres empanelled by MeitY.
AML / KYC
US: ABA Warns Against Liability Shift for Fraudulent P2P Payments
04/11/2022
Making banks liable for customer-initiated P2P transfers that result from fraud will harm consumers and competition, embolden scammers, and ultimately increase fraud rates.
ESG / Sustainability
ECB Sets New Deadlines for Managing Climate & Environmental Risks
04/11/2022
The deadlines will be closely monitored and, if necessary, enforcement action will be taken, the ECB said, adding that bank capital requirements are already being affected.
Market Infrastructure
Hong Kong to Subject Foreign Investment Gains to Profits Tax
02/11/2022
A new LegCo bill will require MNE entities in Hong Kong to pay profits tax on foreign equity disposals and dividend income, unless they are specifically exempted.
Capital / Liquidity
Financial Groups Pledge Capital to Stabilise Korean Markets
01/11/2022
KRW 95 trillion will ultimately be channeled by 5 financial groups into corporate bonds, other debt securities, state firms, and small merchants and businesses.
Crypto / Digital Assets
SFC Considers Allowing Retail Access to Crypto, Starting with ETFs
01/11/2022
ETFs with crypto exposure through CME-listed BTC and ETH futures can be distributed to Hong Kong retail clients. The “professional investor only” requirement is under review.
Fintech / Regtech
Hong Kong FSTB Issues Policy Statement on Approach to Virtual Assets
31/10/2022
The SFC will be consulting on how retail investors may be given a “suitable degree of access” to virtual assets under Hong Kong’s new licensing regime.
Fintech / Regtech
EU Commission Proposes New Rules on Instant Payments
30/10/2022
Banks would be required to offer instant payments at the same cost as other credit transfers. Instant euro payments may later be expanded internationally.
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