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
MAS Penalises Bank J. Safra Sarasin for SoW/SoF Failures
14/04/2021
The bank failed to establish the source of wealth and source of funds of customers and beneficial owners of higher-risk customers, MAS said.
AML / KYC
Digital ID Perceived As Beneficial in Combatting Financial Crime
14/04/2021
Digital IDs are perceived as beneficial for the fight against financial crime, an ACAMS-RUSI survey finds. However they may also present risks.
AML / KYC
China: CFCA Starts to Embed LEIs in Digital Certificates
14/04/2021
The China Financial Certification Authority has also become the first certification authority to become a validation agent in the Global LEI System.
Fintech / Regtech
Korea Enhances Regulatory Sandbox Through Legislative Revisions
13/04/2021
The revisions will allow sandbox participants to file requests to the FSC and other relevant authorities for changes to regulations.
ESG / Sustainability
New Zealand Introduces Law on Mandatory Climate Disclosures
13/04/2021
Once the bill is passed, disclosures will be required for financial years commencing in 2022, meaning the first disclosures for around 200 organisations will be made in 2023.
Enforcement
Regulators Order Ant Group to Establish Financial Holding Company
12/04/2021
Ant Group will have to accept greater regulatory supervision, improve its corporate governance, and separate some of its businesses.
Capital / Liquidity
Banks Have Insufficient Incentives to Use Buffers: IMF
12/04/2021
Most banks have insufficient economic incentives to draw down their buffers if they are asked to rebuild them later, says the IMF’s Global Financial Stability Report.
Japan Consults on Climate Transition Finance Guidelines
12/04/2021
The guideline has been drafted in accordance with the Climate Transition Finance Handbook published by ICMA in December.
Crypto / Digital Assets
G20 to Use All Available Policy Tools for As Long As Required
11/04/2021
G20 Finance Ministers and Central Bank Governors committed to avoiding any premature withdrawal of Covid-19 support measures, in line with the FSB’s recommendations.
AML / KYC
FATF President Calls for Rethink of Regulatory Culture
09/04/2021
Dr Marcus Pleyer says supervisors and compliance officers in banks and companies mostly still take a basic tick-box approach.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team