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
Singapore: SOR Fallback Rate to Only be Available Temporarily
01/09/2020
Fallback Rate (SOR), the primary fallback reference rate for SOR derivatives, will be permanently discontinued about three years following the fallback trigger.
AML / KYC
US DOJ Files Civil Forfeiture Complaint to Recover Stolen Crypto
31/08/2020
The two crypto exchange hacks detailed in the complaint are linked to the same group of Chinese actors who laundered over $250mn in stolen cryptocurrency for North Korea in 2018.
Market Infrastructure
Hong Kong: OTC Clear Launches Sponsored Clearing Model
31/08/2020
Foreign banks in Hong Kong that are unable to become full clearing members can use the ‘Sponsored Settlement Member’ model to access central clearing via OTC Clear.
AML / KYC
US Agencies Warn of North Korean ATM Cash-out Threat
30/08/2020
The hacking team uses various techniques to gain access to banks’ SWIFT terminals to enable wire fraud or their payment switch application servers to enable ATM cash-outs.
Market Infrastructure
SFC, CSRC Approve Hong Kong-Mainland ETF Cross-listing
28/08/2020
The new scheme follows the resumption of discussions between the SFC and CSRC in January on setting up an ETF Connect mechanism, after technical issues impeded earlier progress.
Market Infrastructure
DDoS Attacks Force Fourth Day of Market Closure at NZX
27/08/2020
The hacker group said to be responsible has reportedly also carried out attacks against MoneyGram, YesBank India, Worldpay, PayPal, Braintree and Venmo this week.
Singapore Raises Salary Requirement for Financial Sector Work Visa
27/08/2020
MAS officials have recently said protecting Singaporean jobs was a “top priority” and that financial sector employers must “commit to growing the local talent pool”.
Securities / Derivatives
Korea to Extend Short Selling Ban Six More Months
27/08/2020
During the six-month extension, the FSC plans to strengthen penalties for illegal short-selling and improve retail investor access to stock short sales.
Capital / Liquidity
SGX to Offer Free Analytics to Facilitate UMR Preparation
26/08/2020
Through a partnership with Cassini Systems, SGX will provide market participants the analysis needed to understand how they can reduce the UMR cost burden.
Fintech / Regtech
ASIC Issues Guidance on Use of Enhanced Regulatory Sandbox
25/08/2020
The enhanced regulatory sandbox will commence on 1 September, following legislative amendments passed in February and subsequent regulations made in May.
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