Manesh Samtani
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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