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
Securities / Derivatives
India to Accept AAA-rated Sovereign Securities as Collateral
03/07/2018
Clearing arm of BSE’s India INX at GIFT City will accept AAA-rated international sovereign securities with maturities over 5 years as collateral from clearing members and custodians, starting with US treasuries.
Market Infrastructure
NZX Lacking in Market Surveillance Obligations – FMA
02/07/2018
New Zealand FMA says information provided by NZX surveillance team was below its expectations and questions the market operator’s ability to detect misconduct; NZX to recruit additional resources to resolve the issue.
Market Infrastructure
Hong Kong SFC Releases 2017-18 Annual Report
02/07/2018
Highlights for the year include progress on MIC regime, guidance on online trading platforms, and regulatory collaboration with other agencies.
Capital / Liquidity
RBI Report Paints Gloomy Picture for India’s Banking Sector
02/07/2018
Stress tests indicate NPA ratios at Indian banks to fall to lowest level since year 2000; Public sector banks to be hit the hardest, with six expected to experience capital shortfall.
Securities / Derivatives
SGX Introduces Dual Class Shares Structures
28/06/2018
New rules on dual class shares will permit equal voting process on certain issues and cap multiple voting shares at 10 votes a share, with sunset clauses to auto-convert them to ordinary voting shares.
AML / KYC
Non-EU Markets Regulators Seek Formal GDPR Exemptions – Report
28/06/2018
New EU data privacy law could put cross-border investigations in jeopardy, leading non-EU regulators including Japan’s FSA and Hong Kong’s SFC to press for formal clarification on application of cross-border information sharing exemptions.
Big Picture
Worst-case Cyber Attack Losses Could Cost Banks Half of Profits – IMF
27/06/2018
Extreme risk scenario threatening financial stability characterised by increases in attack frequency and interdependence, or occurrence of large magnitude events.
Market Infrastructure
RBI Directs Banks to Upgrade Security Amid Rising ATM Fraud
26/06/2018
Banks instruct banks and white-label ATM operators to upgrade ATM security in a phased manner until June 2019, threatening enforcement action for noncompliance.
Capital / Liquidity
Laos Scraps Restrictions on Foreign Currency Loans
26/06/2018
The 2016 restriction on lending in foreign currencies has been removed in order to allow banks to inject overseas-sourced funding into the country’s economy.
Securities / Derivatives
Philippine Bourse to Introduce Short Selling
26/06/2018
Only members of PSE index and ETFs are eligible for short selling, up to a maximum of 10% of outstanding shares; naked short selling not permitted.
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