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
The Increasing Reliance on Data for Sanctioned Securities Screening
02/12/2020
The onus often falls on FIs to uncover any links between sanctioned entities and potentially related securities, which can involve a significant data challenge.
Market Infrastructure
MAS Revises Anti-commingling Framework For Banks
02/12/2020
MAS has prescribed a list of permissible non-financial businesses to ensure banks are not engaging in “high-risk non-financial business that do not bring strategic value to its core banking business”.
Market Infrastructure
Some USD LIBOR Settings May Continue Past End-2021
01/12/2020
ICE Benchmark Administration intends to continue publishing some tenors of USD LIBOR until end-June 2023, which could allow time for most legacy contracts to mature.
Fintech / Regtech
Singapore E-wallets to Gain Direct Access to FAST, PayNow
30/11/2020
Consumers will be able to top-up their e-wallets directly through their bank accounts, rather than using a debit or credit card. Fund transfers between e-wallets will also be made possible.
Securities / Derivatives
HKEX Proposes to Raise Profit Requirement for New IPOs
30/11/2020
One option HKEX proposes is to raise the profit requirement for companies seeking to list in Hong Kong threefold, reflecting the growth of the Hang Seng Index since 1994.
Market Infrastructure
HKEX Announces Stock Connect Expansion Arrangements
29/11/2020
Pre-revenue biotech companies listed on Hong Kong’s Main Board will be included from 27 December. SSE STAR Market stocks will be included in early 2021.
Market Infrastructure
Indonesia Prepares to Launch Sovereign Wealth Fund
29/11/2020
Indonesia will need to pay particular attention to the governance of the new fund, as Malaysia’s 1MDB scandal still looms large in the minds of global investors.
Fintech / Regtech
MAS On Track to Award Digital Bank Licences by Year-End
26/11/2020
Regulatory changes impacting some of the Chinese digital bank applicants are unlikely to have an impact on the granting of the new licences in Singapore.
AML / KYC
FTSE Russell, MSCI Consult on Impact of China Sanctions
26/11/2020
FTSE Russell is seeking views on the impact of the sanctions on its indexes. MSCI is asking about the impacts on investment processes.
Market Infrastructure
APRA Unveils Details of New Cyber Security Strategy
26/11/2020
Starting next year, APRA will be asking boards to engage an external auditor to comprehensively review their compliance with CPS 234 on information security.
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