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
Travel Restrictions Holding Up Wealth Management Connect
10/03/2021
PBOC official Bai Hexiang said the Wealth Management Connect scheme can be implemented once people can travel freely between Hong Kong, Macau and the mainland.
ESG / Sustainability
MAS to Place $2bn With Green Asset Managers ‘Soon’
09/03/2021
Ravi Menon said MAS has identified the asset managers who will participate in the Green Investments Programme announced in November 2019.
Market Infrastructure
BOJ, FSA Urge FIs to Push Forward LIBOR Transition
09/03/2021
The regulators say the transition must continue without reliance on a potential synthetic JPY LIBOR, which would be restricted to tough legacy contracts even if published.
Big Picture
PwC Offers ESG Risk Management Recommendations for Banks
09/03/2021
Banks need to adopt training and change management programmes to ensure employees embrace ESG risk management as a requirement and discipline.
Market Infrastructure
FCA Formally Announces Intended Cessation Dates for LIBOR
07/03/2021
ISDA has confirmed that the FCA’s announcement constitutes an index cessation event and that the spread adjustment to be used in fallbacks has been fixed.
Enforcement
Ripple, Top Execs File Responses to SEC Complaint
06/03/2021
At meetings with crypto trading platforms as recently as 2019, SEC staff did not indicate it may have considered XRP a security, Ripple says.
Market Infrastructure
BSP Issues Guidance on Reporting of LIBOR Exposures
05/03/2021
Banks are required to report on all derivatives, as well as assets and liabilities that are interest-bearing, even where there is no LIBOR or PHIREF exposure.
Capital / Liquidity
HKMA Extends Principal Payment Holiday Scheme Again
05/03/2021
Principal payments of all loans of eligible corporate borrowers falling due between 1 May and 31 October 2021 should be deferred by a further six months.
AML / KYC
Singapore Banks Asked to Monitor Myanmar Fund Flows
05/03/2021
MAS is concerned about financial crime risk. New cash withdrawal limits have been imposed in Myanmar. A military-owned bank has suspended operations.
Market Infrastructure
FSC Announces Selection of Korea’s New Risk-free Rate
03/03/2021
The FSC will work on measures to promote and facilitate the use of the new RFR, including by listing RFR futures by year-end.
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