
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
ESG / Sustainability
MAS Further Extends Facility to Support SME Lending
06/07/2021
Government risk sharing and lower-cost funding will keep borrowing costs low for local enterprises as they recover and adapt to the new normal, MAS said.
AML / KYC
FATF Examines Technology Use in AML/CTF Efforts
05/07/2021
While the use of innovative AML/CFT technologies can help identify risks and focus compliance efforts, manual review and human input remain “very important”.
AML / KYC
Risk Assessments Should Focus on National Priorities: Wolfsberg Group
04/07/2021
Most FIs focus their AML/CTF risk assessments on technical compliance rather than government priorities and effectiveness, the Wolfsberg Group says.
Enforcement
MAS Proposes to Enhance Investigative, Supervision Powers
04/07/2021
New powers will allow MAS to issue legally-binding directions to FIs in relation to unregulated business in bitcoin futures and other payment token derivatives traded on overseas exchanges.
Crypto / Digital Assets
SFC Sets Out Key Priorities in Annual Report
03/07/2021
The SFC is implementing a number of projects that seek to leverage new technologies to enhance risk detection and workflow efficiency.
Securities / Derivatives
HKEX Asks Participants to Prepare for FRC Transaction Levy
01/07/2021
Levies will be payable to the Financial Reporting Council by sellers and purchasers of securities, public interest entities, and PIE auditors from 1 January 2022.
Big Picture
We Are Not Out of the Woods Yet: Agustín Carstens
01/07/2021
While economic disaster was averted, the BIS warns that considerable uncertainty remains that will present significant challenges for policymakers.
Fintech / Regtech
HKMA Sets Out ‘Four Actions’ to Realise Regtech 2025 Vision
01/07/2021
At the HKMA’s flagship regtech conference, Eddie Yue outlined the initiatives underway to promote regtech adoption, including to explore a corporate version of iAM Smart.
Big Picture
FSB Offers Policy Options to Enhance MMF Resilience
01/07/2021
Requirements for MMFs could include capital buffers, higher liquidity requirements, or the removal of the stable NAV, among other options.
AML / KYC
FATF Issues Report on Racially Motivated Terrorism Financing
01/07/2021
Most of the funding obtained by extreme right-wing groups comes from legal sources, such as donations, membership fees, and commercial activities.
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