Manesh Samtani

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    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

    HKMA Directs Banks to Review, Enhance Sales Practices

    02/10/2020

    A mystery shopping programme has identified product disclosure, risk profiling, and suitability assessment as some of the key areas where improvement is needed.

    Securities / Derivatives

    SGX RegCo Publishes Regulatory Guide on Algorithmic Trading

    02/10/2020

    The guide describes the governance, risk controls, and development and testing process that SGX members should have in place when using algorithms in trading.

    AML / KYC

    FATF Upgrades China on Three Recommendations in Follow-up

    01/10/2020

    This is to reflect progress on regulating online lending, guidance issued to online lending and other DNFBP sectors, and China’s prohibition on virtual asset activities.

    ESG / Sustainability

    HKMA Pushes Forward Green & Sustainable Banking Initiatives

    01/10/2020

    A pilot climate stress testing exercise involving Hong Kong banks will commence early next year. A local green taxonomy is under development.

    Fintech / Regtech

    Two More Virtual Banks Launch in Hong Kong

    01/10/2020

    Ant Bank and Ping An OneConnect Bank launched virtual banks in Hong Kong. Fusion Bank is the only virtual bank that has not yet commenced operations.

    AML / KYC

    HKMA to Enhance AML/CFT Supervision Through Data & Tech

    29/09/2020

    The HKMA intends to increase its engagement and data collection, make better use of data, and utilise suptech tools to enhance its AML/CFT supervision.

    Capital / Liquidity

    BNM to Allow Banks to Add-back ECL to CET1 Capital

    29/09/2020

    Banks which elect to apply the transitional arrangements are allowed to add back a portion of Stage 1 and Stage 2 provisions for ECL to CET1 capital.

    AML / KYC

    GLEIF Defines New Framework to Simplify, Accelerate LEI Issuance

    29/09/2020

    Many of the labor intensive and time-consuming procedures performed to obtain an LEI are the same as those performed by the FI during onboarding.

    Big Picture

    IBOR Phase-out Plans on Track Despite Covid: Moody’s

    29/09/2020

    But challenges remain, including limited liquidity in ARR markets, uncertainties on term rates and credit spread adjustments, and operational issues.

    Market Infrastructure

    Australia Prepares to Abolish Responsible Lending Obligations

    27/09/2020

    Lenders will no longer have to assess borrowers’ earnings and expenses to determine whether they can afford to repay their debt without hardship.

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