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
FATF, Egmont Group Identify 35 Indicators of TBML Risk
14/03/2021
The indicators are grouped into four categories: the structure of the business, trade activity, trade documents and commodities, and account and transaction activity.
Enforcement
US Fed Threatens Supervisory Action for Slow LIBOR Work
11/03/2021
Guidance for examiners suggests supervisory actions for firms that are not ready to stop issuing LIBOR-based contracts by end-December.
Market Infrastructure
APRA to Adopt New Consultation Approach to Data Collection
11/03/2021
APRA plans a consultation process that will allow it to design its data collections in a way that will minimise friction and reduce the regulatory burden of regulated entities.
Market Infrastructure
LIBOR Transition: Derivatives Market Has Clarity: ISDA
11/03/2021
The FCA’s recent announcement has provided clarity on the future of all LIBOR settings. But, derivatives market participants still have work to do.
AML / KYC
Travel Restrictions Holding Up Wealth Management Connect
10/03/2021
PBOC official Bai Hexiang said the Wealth Management Connect scheme can be implemented once people can travel freely between Hong Kong, Macau and the mainland.
ESG / Sustainability
MAS to Place $2bn With Green Asset Managers ‘Soon’
09/03/2021
Ravi Menon said MAS has identified the asset managers who will participate in the Green Investments Programme announced in November 2019.
Market Infrastructure
BOJ, FSA Urge FIs to Push Forward LIBOR Transition
09/03/2021
The regulators say the transition must continue without reliance on a potential synthetic JPY LIBOR, which would be restricted to tough legacy contracts even if published.
Big Picture
PwC Offers ESG Risk Management Recommendations for Banks
09/03/2021
Banks need to adopt training and change management programmes to ensure employees embrace ESG risk management as a requirement and discipline.
Market Infrastructure
FCA Formally Announces Intended Cessation Dates for LIBOR
07/03/2021
ISDA has confirmed that the FCA’s announcement constitutes an index cessation event and that the spread adjustment to be used in fallbacks has been fixed.
Enforcement
Ripple, Top Execs File Responses to SEC Complaint
06/03/2021
At meetings with crypto trading platforms as recently as 2019, SEC staff did not indicate it may have considered XRP a security, Ripple says.
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