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
PBOC Finalises New AML Regulations for Financial Institutions
20/04/2021
The new regulations take effect from 1 August 2021 and are applicable to non-bank financial institutions, overseas bank branches and holding subsidiaries.
Securities / Derivatives
Korea Set to Expand Securities Lending to Retail Investors
20/04/2021
Seventeen securities firms will begin to provide stock lending services worth an estimated KRW 2.4 trillion to retail investors from 3 May.
AML / KYC
US Sanctions Russia Over Election Interference, Cyber Attack
16/04/2021
US banks will be barred from purchasing rouble-denominated sovereign bonds in the primary market starting from 14 June.
Market Infrastructure
LSTA Offers Guidance on Credit Sensitive Rates to Replace LIBOR
15/04/2021
The advisory provides sample language to facilitate the use of credit sensitive rates in hardwired fallback language in new and amended loan documentation.
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.
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