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
Japan’s Regional Banks Told Not to Blame BOJ for Woes
23/08/2018
FSA commissioner urges regional banks, whose profits are down 30% from 5 years ago, to explore ways to manage low interest environment, other than blaming monetary policy.
Capital / Liquidity
India’s Government Asks RBI to Ease Pressure on State Banks
23/08/2018
Government wants central bank to review criteria for releasing banks from PCA framework, shift to Basel III capital standards.
Market Infrastructure
Trade Row May Delay US Banks Seeking China Expansion – Report
23/08/2018
US banks believe trade tensions could delay or prevent approvals to increase their stakes in Chinese subsidiaries, possibly enabling European banks to an gain upper hand.
Market Infrastructure
SOFR Gains Acceptance as LIBOR Alternative
22/08/2018
Credit Suisse, the World Bank and Fannie Mae have now all issued new debt referencing the SOFR, which draws from actual repo market transactions to reflect the cost of borrowing cash secured against US government debt.
Enforcement
Japan’s Suruga Bank Under Fire for Potentially Illegal Loans
22/08/2018
Draft report by investigative panel says the bank’s management failed to take reasonable caution against lending malpractice involving the falsification of documents.
AML / KYC
Japanese Regional Banks to Set Up AML Information Sharing
16/08/2018
An information sharing network between 64 regional banks aimed at AML/CFT efforts is part of a larger legal and regulatory push in the country against money laundering in preparation for an FATF inspection.
Market Infrastructure
India’s Cosmos Bank Suffers $13mn Theft
16/08/2018
Attackers used cloned cards to simultaneously withdraw cash from ATMs in 28 countries, along with a fraudulent SWIFT transfer two days later.
Securities / Derivatives
Foreign Nationals in China Permitted to Directly Trade A-Shares
16/08/2018
Foreign individuals working in China will be allowed to open domestic brokerage accounts to trade A-shares; foreign employees living abroad will be entitled to participate in employers’ stock incentive programmes.
Crypto / Digital Assets
Cryptocurrency Framework Needs Update – Japan FSA
16/08/2018
On-site inspections revealed a lack of internal controls, inadequate governance and poor business models at exchanges.
Securities / Derivatives
Philippines Eases Bond Issuance Rules for Banks
15/08/2018
BSP circular says banks do not need prior approval of central bank to issue bonds and commercial papers and sets out eligibility criteria for issuers.
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