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
OECD Calls for Global Crackdown on ‘Professional Enablers’
27/02/2021
The OECD says each jurisdiction should implement a national strategy to deal with lawyers, notaries, accountants, and FIs that facilitate tax evasion, bribery and corruption.
AML / KYC
FATF Concludes Second Plenary Under German Presidency
26/02/2021
The FATF has finalised guidance on risk-based supervision, terrorist financing, and arms trafficking, as well as draft guidance on proliferation financing, and virtual assets.
Market Infrastructure
New Initiatives Announced to Promote Hong Kong Capital Market
25/02/2021
Paul Chan spoke of measures to boost green bond issuance, launch southbound Bond Connect, expand Stock Connect, and subsidise REITs, fund managers and family offices coming to Hong Kong.
Securities / Derivatives
Hong Kong to Increase Stamp Duty on Stock Transactions
24/02/2021
The decision is estimated to raise trading costs by 6-15 percent, depressing trading volumes and squeezing HKEX’s earnings per share by 3-7 percent.
Big Picture
Australia On Track for Smooth IBOR Transition: S&P Global
24/02/2021
Like other jurisdictions, AONIA does not yet have an established term market, however banks and corporates can reference the three-month BBSW where a term rate is needed.
Capital / Liquidity
DTCC Suggests Move to T+1 Settlement in US Markets
24/02/2021
Reducing the settlement cycle to T+1 could reduce the NSCC’s value-at-risk clearing fund charge by 30-40 percent for sample portfolios, DTCC said.
Market Infrastructure
China State Council Issues Guideline to Support Green Initiatives
23/02/2021
The guideline indicates that green finance initiatives will be given a greater weighting in financial institutions’ performance evaluations.
Fintech / Regtech
China, UAE Join HKMA-BOT Initiative to Create CBDC Bridge
23/02/2021
The project, now called ‘m-CBDC Bridge’, will seek the development of a prototype to facilitate real-time cross-border transactions using multiple CBDCs.
Market Infrastructure
LCH Extends Central Clearing for SORA Derivatives to 21 Years
22/02/2021
MAS will likewise extend the tenor of its daily SORA derivatives auctions with major derivatives dealers from 5-years to 20-years.
Capital / Liquidity
MAS Proposes Revisions to Requirements for Insurers
22/02/2021
MAS proposes to enhance the current requirements relating to enterprise risk management, investment risk management and disclosure practices.
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