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
Climate Risk
RBI Publishes Paper on Climate Risk, Sustainable Finance
04/08/2022
The paper offers guidance for FIs on managing climate risk. The RBI also published results from a survey to assess banks’ readiness to address climate risk.
Structural Regulation
US SEC Adds Alibaba to List of Firms Facing Delisting Threat
03/08/2022
Chinese regulators have tried to mollify US regulators, but the PCAOB says it will accept nothing less than “full access” to the audit papers of US-listed Chinese companies.
KYC & CDD
UK Launches UBO Register for Foreign-owned Property
03/08/2022
The register requires foreign buyers of UK property to disclose their true beneficial ownership and verify their identities with Companies House.
Cryptocurrency
MAS Grants DPT Licences to Sparrow, Digital Treasures Center
02/08/2022
Sparrow and DTC were granted in-principle approval earlier this year. MAS will be consulting on proposed measures to enhance its regulatory framework in the next few months.
Clearing & Post-Trade
China New Futures and Derivatives Law Takes Effect
02/08/2022
On the same day, ISDA published a netting opinion providing legal certainty that close-out netting is enforceable in China.
Operational Risk
HKMA Directs Banks to Ensure Resiliency of Payment Operations
31/07/2022
Payment-related operational incidents have impacted banks, their customers, as well as other financial institutions, including in the securities sector.
Reporting & Disclosures
New Zealand ESG Funds Must Provide Better Disclosures: FMA
28/07/2022
Fund managers need to provide accurate and high-quality information to explain and support claims that their products incorporate non-financial factors.
PEPs & Sanctions
UK, EU Introduce Additional Sanctions Against Russia
28/07/2022
The UK announced 42 new designations. The EU extended its sanctions and added 54 more individual and 10 more entity designations.
Cryptocurrency
CFTC, SEC Preparing to Tackle More Crypto-related Risks
27/07/2022
The CFTC has a new innovation office and is realigning its customer education office. The SEC has appointed 20 new specialists to its crypto unit and wants a bigger budget.
Operational Risk
HKMA Gives Banks 18m to Enhance Operational Risk Management
26/07/2022
Banks are expected to implement the revised SPM module on operational risk management by 25 January 2024.
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