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
FATF Publishes New Zealand Mutual Evaluation Report
30/04/2021
Of the 40 recommendations, New Zealand is ‘Compliant’ on 8, ‘Largely Compliant’ on 20, and ‘Partially Compliant’ on 12.
Fintech / Regtech
Singapore, Thailand Launch Real-time Payment Link
29/04/2021
The participating banks include DBS, OCBC, UOB, Bangkok Bank, Kasikornbank, Krung Thai Bank and Siam Commercial Bank.
Enforcement
SFC Set to Deploy Data Analytics in Broker Inspections
29/04/2021
High volume brokers were asked in 2019 to adopt new data standards to enable more timely data submissions to regulators when requested.
Securities / Derivatives
ICBC Extends Loan to Huarong to Pay Offshore Bond
29/04/2021
The CBIRC had asked banks not to withhold loans from Huarong for at least six months, to help the company refinance its debt.
Fintech / Regtech
DBS, JP Morgan, Temasek Team Up on Cross-border Payments
28/04/2021
An open platform will be developed to enable real-time cross-border multi-currency payments, trade finance, foreign exchange and DVP securities settlements.
AML / KYC
UK Establishes New Global Anti-Corruption Sanctions Regime
28/04/2021
The UK has made its first 22 designations under the new regime, including individuals in Russia, South Africa, Honduras, Nicaragua, Guatemala and South Sudan.
Securities / Derivatives
China Lawmakers Commence Review of New Futures Law
28/04/2021
The law will stipulate rules for futures trading, settlement and delivery systems, establish investor protection mechanisms, and include netting provisions.
AML / KYC
HKMA Offers Guidance on Combatting Covid-19 Related Fraud, AML
26/04/2021
The guidance emphasises the use of data from internal and external sources, proactive data analysis and information sharing to tackle emerging AML risks.
Capital / Liquidity
ECB Identifies Internal Model Deficiencies at Big Banks
25/04/2021
The changes to correct the deficiencies will result in an overall absolute increase in risk-weighted assets of about EUR 275 billion.
Enforcement
ASIC Seeks Feedback on New Breach Reporting Guidance
23/04/2021
The draft regulatory guide provides clarification on what constitutes a reportable situation under the upcoming breach reporting reforms.
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