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
KYC & CDD
HKMA Urges Banks to Use iAM Smart in Remote Onboarding
25/05/2021
The HKMA clarifies that when iAM Smart is used for identity verification, record keeping requirements may be met by retaining data obtained via API.
Anti-Money Laundering
Hong Kong to Bar Retail Investors from Crypto Trading
24/05/2021
Hong Kong’s FSTB has issued consultation conclusions on the new licensing regime for VASPs and a new registration regime for precious metals dealers.
Anti-Money Laundering
Philippine AMLC to Penalise Firms for Incorrect STR Filings
23/05/2021
AMLC Executive Director Mel Georgie Racela told Regulation Asia that incorrect STR filings identified in a recent review will result in supervisory action.
Capital Adequacy
ISDA Calls for Uniform Approach to Risk Data Reporting
22/05/2021
Regulators would have a greater degree of confidence in the consistency and accuracy of the risk data being collected if they used an established industry standard in their reporting requirements.
Structural Regulation
HKEX Finalises Rule Changes to Enhance Market Quality
21/05/2021
HKEX will increase the profit requirement to HKD 80 million in combined profits over the three years. Proposals to enhance its disciplinary powers and sanctions will also be adopted.
Trading & Investment
BNM Consults on Multi-rate Approach to LIBOR Transition
21/05/2021
A new discussion paper proposes that the Malaysian ARR be based on overnight transactions in the interbank market, and that the ARR runs in parallel to KLIBOR.
Market Abuse
SFC to Investigate, Punish Misconduct in ‘Problematic’ IPOs
20/05/2021
In a joint statement with the stock exchange, the SFC says it will not hesitate to take enforcement action against intermediaries for IPO-related misconduct.
Cryptocurrency
China Renews Crackdown on Cryptocurrencies
19/05/2021
Three state-backed associations representing internet firms, banks, and payments companies have barred their members from providing crypto-related services to customers.
PEPs & Sanctions
Proliferation Financing Risk: A Due Diligence Challenge
19/05/2021
Measures for detecting proliferation financing risk are designed to help identify sanctions evasion and uncover the beneficial owners of corporate entities.
Cybersecurity
HKMA Instructs Banks to Assess Need for Tertiary Data Backup
18/05/2021
Banks are asked to critically assess the need to set up a secure tertiary data backup to guard against destructive cyber attacks.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.