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
Big Picture
Financial System Still Vulnerable in Recovery: FSB Chair
15/07/2020
Funding markets remain at risk of liquidity stress, volatility in markets may return, and assets are at risk of a “sudden and sharp” repricing.
AML / KYC
Trump Executive Order Opens China to Sanctions Over Hong Kong
15/07/2020
Trump has signed an executive order threatening sanctions against Chinese officials and the banks they deal with over the national security law imposed in Hong Kong.
Market Infrastructure
HKMA Proposes New Code of Practice for Banks’ Trust Companies
13/07/2020
The HKMA is looking to address a lack of conduct requirements for trust businesses used by banks and their subsidiaries for wealth management purposes.
Market Infrastructure
HKMA Sets Out Key LIBOR Transition Milestones for Banks
12/07/2020
Fall-back provisions should be in place by January 2021, and authorised institutions should cease to issue new LIBOR-linked products maturing after 2021 by 30 June 2021.
Market Infrastructure
FSB, BCBS Suggest Supervisory Action for Slow LIBOR Work
09/07/2020
The available supervisory tools to accelerate transition at banks could include ad-hoc regulatory capital add-ons, administrative sanctions or other legal actions.
Market Infrastructure
HKEX Clears First HONIA-based Interest Rate Swaps
09/07/2020
The first centrally cleared HONIA interest rate swap contract was between BOCHK and HSBC, marking a significant step to promote HONIA’s adoption in the financial industry.
AML / KYC
FATF Highlights Progress to Adopt AML Standards for Virtual Assets
08/07/2020
35 of 54 reporting jurisdictions have implemented the FATF Standards on virtual assets and VASPs, and progress has been made to develop technology for travel rule implementation.
ESG / Sustainability
HKMA Offers Guidance for Banks on Climate Risk Practices
08/07/2020
The HKMA has published its observations on the approaches used by major banks to manage climate risk, as guidance for the banking sector as a whole.
AML / KYC
Using Privacy Preserving Analysis to Tackle Financial Crime
07/07/2020
Privacy enhancing technologies, or PETs, may provide a “similar or, even, identical utility” compared to analysis of the raw data in some use-cases, says an FFIS paper.
Enforcement
S. Korean Regulators to Probe All Private Fund Operators
04/07/2020
A new inter-agency team, led by the FSS, will be established by mid-July, and refer any illegalities detected to authorities for ‘swift action’ including prosection.
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