Manesh Samtani

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    Manesh manages the news desk and serves as an editor at Regulation Asia. He covers regulatory changes across Asia Pacific that impact banking, capital markets, asset management, and financial services more generally. Manesh is a former trader and investment consultant with a degree in Finance and Banking. manesh@regulationasia.com

    Articles by Manesh Samtani

    Fintech / Regtech

    S.Korea Moves to Support Fintech Through Sandbox Approach

    22/03/2018

    FSC to exempt approved fintechs from regulations, encourage the use of such new technologies including blockchain.

    Market Infrastructure

    Systemically Damaging Cyber-attack Inevitable – DTCC

    21/03/2018

    White paper calls for industry collaboration to develop common response and recovery standards and contingencies to mitigate impending attack.

    Crypto / Digital Assets

    South Korean Crypto Exchanges Raided in Embezzlement Probe

    20/03/2018

    Staff and executives at three exchanges allegedly siphoned customer deposits to buy cryptocurrency on other platforms.

    AML / KYC

    Supervisory Flaws Hurting Remittance Providers – FSB

    19/03/2018

    Report says AML/CTF and other supervisory shortfalls limit remittance providers’ access to banking services; makes 19 recommendations to address barriers.

    AML / KYC

    FSB Reports Progress on Correspondent Banking Decline

    19/03/2018

    Report discusses strengthening due diligence tools to support correspondent banking relationships and improved monitoring.

    AML / KYC

    Money 20/20: MAS Speaks Out on Crypto Risks, Blockchain

    17/03/2018

    In a speech at Money 20/20 Asia, MAS managing director Ravi Menon spoke about the promise of blockchain technology and containing cryptocurrency risks; AML/CTF risks present a “clear and present danger”.

    Capital / Liquidity

    Malaysia Banks Can Withstand Severe Shocks – BNM

    16/03/2018

    The central bank’s Financial Stability Committee says Malaysian banks have a “strong capacity” to withstand financial shocks comparable to past crises.

    Market Infrastructure

    India Bans Bank Issuance of Key Trade Finance Instrument

    16/03/2018

    An estimated $10bn in LoUs will need to be wound down within three months, forcing banks to rebalance assets and liabilities.

    Enforcement

    CLSA Fined $1.15mn for Internal Control Failures – SFC

    15/03/2018

    The firm failed to put in place controls to prevent co-mingling of agency execution and client facilitation services.

    Fintech / Regtech

    Japan to Push G20 for Global AML Rules for Cryptcurrency

    14/03/2018

    Japan to urge G20 leaders to close money laundering loopholes that exist due to weak regulation in some jurisdictions, without stifling innovation.

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