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
CSRC Unveils Plans to Further Expand Stock Connect
05/09/2022
More companies will be added to Stock Connect and Hong Kong will introduce treasury bond futures and a special counter for yuan stocks.
HKMA Introduces New Rules for Banks Offering BNPL Products
05/09/2022
Banks that engage or partner with third-party service providers when launching BNPL products will be held accountable for the actions of those providers.
Fintech / Regtech
HKMA Issues Guidance on Managing Cloud Computing Risks
02/09/2022
Banks’ agreements with CSPs should ensure the HKMA can access information stored in the cloud and relevant risk management controls for on-site examinations.
Fintech / Regtech
HKMA to Launch API Link from CCRA to CDI in Q4
01/09/2022
Banks are encouraged to access credit data in the CCRA database via the CDI, to help them automate credit approvals and enhance efficiency.
AML / KYC
AUSTRAC Orders AML Audit at The Perth Mint
31/08/2022
Earlier reports suggest the audit could be related to Perth Mint’s previous relationship with Euro Pacific Bank, which was forced to close in Puerto Rico earlier this year.
Enforcement
UK Regulators Conclude Six-Year Probe Into HBOS Execs
30/08/2022
No further action will be taken against former senior managers of HBOS, which collapsed in 2008 during the height of the 2008 global financial crisis.
Crypto / Digital Assets
MAS to Strengthen Retail Protections from Crypto Harms
30/08/2022
MAS managing director Ravi Menon described an approach to digital assets that allows Singapore to be both stringent in its regulation and facilitative of innovation.
Fintech / Regtech
Indonesia, Singapore Commence Work on QR Payment Link
29/08/2022
Bank Indonesia also launched the “international QRIS”, initially connecting to Thailand’s payment system, and have a retail CBDC in the works.
Market Infrastructure
US, Chinese Authorities Sign Audit Cooperation Deal
29/08/2022
PCAOB inspectors will be on the ground in Hong Kong by mid-September to conduct their inspections of auditors of US-listed Chinese firms.
ESG / Sustainability
RBA Calls on FIs to ‘Act Now’ to Address Climate Risk
25/08/2022
All insurers, banks and super fund trustees face liability risk if they do not disclose, address and manage the effects of climate change sufficiently.
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