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
Market Infrastructure
Hong Kong Needs New Cybersecurity Legislation: FSDC
16/06/2021
The FSDC recommends the development of legislation to provide legal certainty and protection, clarity on cross-border data transfers, and a framework for accountability.
Market Infrastructure
China Passes Data Security Law, Effective in September
15/06/2021
Companies that provide data to foreign judicial or law enforcement agencies without approval can have their business licences revoked and be penalised up to CNY 5 million.
Fintech / Regtech
BNM Sets Out New Draft Policy for E-Money Issuers
14/06/2021
The exposure draft proposes to impose additional requirements including on capital for e-money issuers that have “substantial market presence”.
AML / KYC
G7 Leaders Commit to Acting on Corruption, Shell Companies
13/06/2021
The communique highlights a need to tackle the misuse of shell companies and curtail the ability of illicit actors to hide wealth, including in real estate.
Securities / Derivatives
BlackRock Wins Approval to Launch China Fund Business
12/06/2021
BlackRock is the first foreign asset manager to win approval to launch a wholly-owned mutual fund business in China.
ESG / Sustainability
PBOC Set to Begin Assessing Banks’ Green Finance Performance
12/06/2021
The PBOC will begin quarterly assessments of 24 major banks on their green finance performance under a new evaluation system starting 1 July.
ESG / Sustainability
Thailand: SEC Pledges Support for AIMC Sustainability Roadmap
11/06/2021
The three-year roadmap includes an initiative to develop an ‘ESG Data Framework’, which will enhance the information investors can be provided on the ESG efforts of listed companies.
Market Infrastructure
CBIRC Finalises Corporate Governance Guidelines for Banks, Insurers
11/06/2021
Directors are required to treat shareholders fairly and guarantee their rights, demonstrate high standards of professional ethics, and protect the rights and interests of stakeholders.
Capital / Liquidity
BCBS Consults on Prudential Treatment of Cryptoasset Exposures
11/06/2021
Bitcoin and other “Group 2 cryptoassets” will be subject to a 1250% risk weight to avoid exposing bank depositors and creditors to a loss.
Market Infrastructure
NGFS Updates Climate Scenarios With More Data
10/06/2021
If the transition fails, 13% of global GDP would be at risk by the end of the century, even before accounting for severe weather events.
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