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
HKMA Proposes Mandatory Reference Checks to Stop Rolling Bad Apples
08/05/2020
Under the scheme, prospective employees would be required to disclose employment records to recruiting AIs before a new employment relationship is established.
Market Infrastructure
EU Benchmark Equivalence Regime Not Scalable: ISDA, FIA
07/05/2020
While the Associations welcome the legal approach taken, they highlight that the draft equivalence decision excludes the widely referenced Nikkei and JPX benchmarks.
Market Infrastructure
Industry Bodies Request Margin Exemption Extensions under EMIR
06/05/2020
ISDA and other industry associations are asking for equivalence decisions for all jurisdictions that have implemented margin rules in line with the BCBS-IOSCO framework.
Securities / Derivatives
HK Govt Under Fire for ‘False’ Justification of Broker Subsidies
03/05/2020
Average daily market turnover jumped 54.5% in Q1 2020 compared to Q4 2019, which has led to a corresponding increase in brokerage revenues and profits.
Capital / Liquidity
Legacy Systems, Poor Data Quality Hindering BCBS 239 Adoption
29/04/2020
Some banks have changed their BCBS 239 implementation strategies to comprehensively improve data quality, but this will take considerable time to resolve.
Capital / Liquidity
Banks Sufficiently Capitalised to Pay Dividend, says RBA Governor
22/04/2020
Australian banks are well-capitalised and have the ability to pay dividends, says RBA governor Philip Lowe. ANZ, Westpac and NAB are reportedly engaging with APRA on the issue.
Capital / Liquidity
HKMA Introduces USD Facility, Postpones Supervisory Stress Tests
22/04/2020
$10bn will be available to banks under the USD liquidity facility. The stress tests are being postponed to 2021 to free up banks’ operational capacity.
AML / KYC
US Agencies Issue Alert on North Korea Cyber Threat
22/04/2020
The advisory highlights the powers US agencies have to subpoena foreign FIs that maintain a correspondent bank account in the US to gain access to customer records stored overseas.
Big Picture
Taken Too Far, Banking Policy Relaxations Could Backfire
16/04/2020
In a new paper, the BIS’s Fernando Restoy and Claudio Borio offer three important principles to guide the assessment of Covid-19 related policy adjustments.
The ‘Great Lockdown’, A Crisis Like No Other: IMF
15/04/2020
The IMF estimates the cumulative loss to global GDP over 2020 and 2021 to be around $9tr, which is greater than the economies of Japan and Germany combined.
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