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
Australia Jails Sydney Man for Breaching North Korea Sanctions
28/07/2021
The AFP uncovered evidence that the man was generating income for North Korea’s government by facilitating the transfer of various commodities to and from the country.
Capital / Liquidity
Centralised Valuation Engine: An Uplift to Compliance & Decision Making
27/07/2021
The benefits of a centralised valuation engine for derivatives portfolios have become more apparent for banks amid the pandemic and as the final Basel requirements loom.
AML / KYC
HKMA Issues Guide for Regtech Adoption in Customer Monitoring
27/07/2021
The Guide will help banks assess whether they have the appropriate governance, controls, skills, infrastructure and underlying data to adopt Regtech solutions in ongoing monitoring of customers.
Market Infrastructure
GFXC Updates FX Global Code to Promote PvP Settlement
27/07/2021
The changes place greater importance on the use of PvP settlement where available, and provide guidance on risk reduction where PvP settlement is not in use.
AML / KYC
SFC Calls on Industry to Report Suspected Ramp-and-dump Activity
26/07/2021
Ramp-and-dump scams now account for about half of the market manipulation cases being investigated by the SFC. Overseas investors also being targeted.
Market Infrastructure
ISDA to Implement Fallbacks for GBP & USD LIBOR ICE Swap Rates
25/07/2021
A consultation on whether ISDA should implement fallbacks for GBP and USD LIBOR ICE Swap Rates received support from a “significant majority” of respondents.
AML / KYC
KoFIU Notifies Foreign VASPs of Their Obligation to Register
23/07/2021
Foreign VASPs that continue to target Korean customers after 24 September without registering with KoFIU will be subject to penalties in Korea.
Market Infrastructure
ARRC Endorses Shift to RFRs for Cross-currency Basis Swaps
23/07/2021
From 21 September, interdealer trading in cross-currency basis swaps between USD, JPY, GBP and CHF would reference each currency’s RFR.
Securities / Derivatives
Taiwan Launches Two New Trading Boards for Startups
23/07/2021
Only qualified investors can trade on the new boards, including individuals that meet a net worth or annual income requirement.
AML / KYC
Japan Banks to Deploy Shared System for AML/CFT Monitoring
22/07/2021
The FSA’s Hiroshi Ozaki said the banking sector is planning to deploy a shared transaction monitoring and screening system for AML/CFT across the industry.
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