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
Market Infrastructure
ATO Consults on Tax Implications of IBOR Reform
20/08/2021
The ATO has set out in a discussion paper the most common tax consequences that may arise from the transition from LIBOR to RFRs.
Market Infrastructure
HKMA Sets Conditions for Issuing New USD LIBOR Contracts
20/08/2021
In the fourth quarter, the frequency at which banks have to report data to the HKMA will also increase from quarterly to monthly, with a simplified reporting template.
AML / KYC
Philippine President to Prioritise Bill to Ease Bank Secrecy Rules
20/08/2021
The BSP welcomed the move, saying the bill will provide the central bank tools to investigate illegal activity and improve the safety of the banking system.
Market Infrastructure
China Huarong Announces Bailout from State-owned Enterprises
19/08/2021
Huarong will issue new shares to Citic Group, China Insurance Investment, China Life Asset Management, China Cinda Asset Management and Sino-Ocean Capital Holding.
Securities / Derivatives
China Pledges to Open Up Corporate Credit Bond Market
19/08/2021
Coordinated efforts will be made to unify access arrangements for foreign institutional investors and streamline requirements on the management of cross-border capital.
AML / KYC
All VASPs Unprepared for New AML Rules, FSC Korea Finds
18/08/2021
Even VASPs with real-name accounts in place do not have dedicated employees in place for AML or adequate systems for suspicious transactions reporting.
AML / KYC
AUSTRAC to Address SMR Pain Points in Reporting System
18/08/2021
AUSTRAC will review the SMR report structure, improve the user interface of its reporting platform, provide more guidance and feedback to reporting entities, and improve reporting automation.
Fintech / Regtech
Thailand, Indonesia Pilot Cross-border QR Payment Link
17/08/2021
The full commercial launch will take place in Q1 2022. Indonesia has separately also launched a national open API payment standard.
Big Picture
OECD Offers Policy Advice for Regulating AI in Financial Services
17/08/2021
Among the recommendations are the introduction of suitability requirements for AI-driven financial services, and add-on capital buffers based on AI algorithms.
AML / KYC
HKEX Publishes Operational Details for New Investor ID Regime
15/08/2021
Market system development and testing will start in Q3 2021 and intermediaries will have to develop their internal systems by the end of Q1 2022.
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