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
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.
Securities / Derivatives
Banks Scrap Dividends, Buybacks Amid Regulatory Pressure
02/04/2020
HSBC and Standard Chartered are among the banks that have scrapped their 2019/2020 dividends and agreed not to buy back shares.
Big Picture
Short-selling Bans Fail to Achieve Positive Effects: WFE
31/03/2020
In Asia, South Korea, Malaysia and Indonesia have imposed short-selling bans, while Thailand, Taiwan and India have tightened their rules to make the practice more difficult.
Capital / Liquidity
PBOC Cuts Rates as Banks Prepare for More Bad Debt
31/03/2020
Small- and mid-sized banks are likely to struggle more as they have less capital in reserve and fewer state borrowers they can call on.
Capital / Liquidity
Malaysia: Lenders Need Not Assume Higher ECL for Rescheduled Debt
26/03/2020
Given that regulatory action is driving debt rescheduling, lenders need not simply assume lifetime expected credit losses under MFRS 9 are relevant for all receivables.
AML / KYC
Holding the Line on Ultimate Beneficial Ownership
24/03/2020
Financial institutions need to ensure that UBO information on customers is complete and accurate, but this is only half the battle, says Refinitiv’s Phillip Malcolm.
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