Manesh Samtani

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    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

    Securities / Derivatives

    HKEX Proposes to Streamline Listing Regime for Overseas Issuers

    03/04/2021

    The proposed changes provide an easier path to a Hong Kong listing particularly for Chinese companies under pressure to delist from US exchanges.

    Securities / Derivatives

    SGX Opens Consultation on SPACs Listing Framework

    02/04/2021

    At least 90 percent of IPO proceeds will have to be placed in escrow pending a SPAC’s acquisition of a target company.

    Market Infrastructure

    Singapore Announces End-date for SOR Derivatives

    01/04/2021

    Banks are asked to cease issuance of SOR derivatives and SIBOR-linked financial products by end-September 2021.

    ESG / Sustainability

    BOJ, FSA Highlight Ongoing Initiatives to Address Climate Risk

    31/03/2021

    Bank examinations will include assessments of efforts to address climate-related risks, and work is underway to identify possible approaches to climate-related scenario analysis.

    Capital / Liquidity

    HKMA Issues Guidance on Reporting ARR Positions in IRRBB Returns

    30/03/2021

    The guidelines say alternative volatility estimates may be used value new ARR options in cases where there is not enough implied interest rate volatility data.

    Securities / Derivatives

    Hedge Fund Collapse Sparks Billions in Losses for Banks

    30/03/2021

    The SEC, FSA, and FINMA are monitoring the situation, after the collapse of Archegos Capital Management left Nomura and Credit Suisse with billions in losses.

    Enforcement

    FCA, BOE Set Out Priority Areas for LIBOR Transition

    30/03/2021

    Supervisory tools may be used to address insufficient progress and poor risk management or governance.

    Market Infrastructure

    FMSB Issues Draft Standard on ‘Appropriate’ Use of Term SONIA

    28/03/2021

    The main use cases where a robust rationale may be identified for using Term SONIA in lending products include trade finance, working capital, and Islamic finance products.

    Market Infrastructure

    HKMA Releases Banks from 30 June LIBOR Transition Milestone

    26/03/2021

    International banks say prematurely restricting the issuance of LIBOR-linked contracts may result in fragmented markets.

    Market Infrastructure

    Continued LIBOR Use Presents ‘Safety and Soundness’ Risks

    25/03/2021

    ARRC will not be able to recommend a forward-looking SOFR term rate by mid-2021. New York has approved legislation to facilitate transition for tough legacy contracts.

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