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
Australia: AML Bill Passes Senate, DNFBP Amendment Rejected
13/12/2020
An AML bill introduced last October has passed the Senate but without last month’s amendment to include real estate agents, accountants, lawyers.
Market Infrastructure
Singapore Set Out Timelines for Full Discontinuation of SIBOR
11/12/2020
The one-month and three-month SIBOR will be discontinued by end-2024. The discontinuation of the six-month SIBOR may depend on the timing of cessation of USD LIBOR.
ESG / Sustainability
China to Ease Foreign Access to Domestic Green Finance Market
11/12/2020
PBOC governor Yi Gang also said China will work to enhance its green finance standards, and explore the introduction of mandatory reporting of environmental risks by FIs.
Crypto / Digital Assets
MAS Grants DBS In-principle Approval to Set Up Digital Exchange
10/12/2020
The DBS announcement came two days after SIX and SBI Digital Asset Holdings announced plans to launch a digital asset issuance platform, exchange and CSD venue by 2022.
Market Infrastructure
SFC Provides Alternative for Compliance With Data Storage Rules
10/12/2020
The SFC will accept an undertaking from core function MICs as an alternative means of satisfying the requirement for a countersigned notice or undertaking from an EDSP.
Market Infrastructure
Australian Regulators Launch Cyber Resilience Testing Framework
09/12/2020
The ‘CORIE’ framework will initially run as an industry pilot programme, consisting of a small number of systemically important FIs.
Market Infrastructure
Singapore to Lay Foundation for Regional Carbon Credits Market
09/12/2020
Ravi Menon said there is a need for more high-quality carbon credits and more trading of such credits across borders to drive convergence towards a global price on carbon.
ESG / Sustainability
MAS Finalises Environmental Risk Management Guidelines for Banks
08/12/2020
MAS has extended the transition period from 12 months to 18 months, and says it will start engaging key banks on their implementation progress from Q2 2021.
Fintech / Regtech
Singapore, Thailand to Enable Instant Payments Link by Mid 2021
08/12/2020
Described as “the first-of-its-kind in the world”, the link will enable instant money transfers between Singapore’s PayNow and Thailand’s PromptPay.
Market Infrastructure
DSB Set to Consult on Fee Structure for UPI in January
07/12/2020
The UPI will ensure products are reported to trade repositories consistently across FSB jurisdictions. The first consultation will begin on 11 January 2021.
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