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 Issues Guide for Regtech Adoption in Customer Monitoring
27/07/2021
The Guide will help banks assess whether they have the appropriate governance, controls, skills, infrastructure and underlying data to adopt Regtech solutions in ongoing monitoring of customers.
Payments & Settlements
GFXC Updates FX Global Code to Promote PvP Settlement
27/07/2021
The changes place greater importance on the use of PvP settlement where available, and provide guidance on risk reduction where PvP settlement is not in use.
Market Abuse
SFC Calls on Industry to Report Suspected Ramp-and-dump Activity
26/07/2021
Ramp-and-dump scams now account for about half of the market manipulation cases being investigated by the SFC. Overseas investors also being targeted.
Trading & Investment
ISDA to Implement Fallbacks for GBP & USD LIBOR ICE Swap Rates
25/07/2021
A consultation on whether ISDA should implement fallbacks for GBP and USD LIBOR ICE Swap Rates received support from a “significant majority” of respondents.
Anti-Money Laundering
KoFIU Notifies Foreign VASPs of Their Obligation to Register
23/07/2021
Foreign VASPs that continue to target Korean customers after 24 September without registering with KoFIU will be subject to penalties in Korea.
Trading & Investment
ARRC Endorses Shift to RFRs for Cross-currency Basis Swaps
23/07/2021
From 21 September, interdealer trading in cross-currency basis swaps between USD, JPY, GBP and CHF would reference each currency’s RFR.
Trading & Investment
Taiwan Launches Two New Trading Boards for Startups
23/07/2021
Only qualified investors can trade on the new boards, including individuals that meet a net worth or annual income requirement.
Anti-Money Laundering
Japan Banks to Deploy Shared System for AML/CFT Monitoring
22/07/2021
The FSA’s Hiroshi Ozaki said the banking sector is planning to deploy a shared transaction monitoring and screening system for AML/CFT across the industry.
Sustainable Finance
Japan FSA Consults on Draft Guidelines for Social Bonds
22/07/2021
The guidelines are aimed at promoting the issuance of social bonds by the private sector and preventing ‘social washing’.
Anti-Money Laundering
HKMA Targets Effectiveness in Addressing AML, Fraud risk
22/07/2021
HKMA Executive Director Carmen Chu highlights the need for transformation and collaboration to combat new AML and fraud challenges in the digital era.
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