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
AML / KYC
Japan FSA Orders Banks to Report on North Korea JVs
25/06/2018
All banks and credit unions ordered to provide the details on accounts used by 10 existing Japan-North Korea joint ventures, including details on individuals and entities, assets, employees and transaction records.
Crypto / Digital Assets
GDF Consults on Global Code of Conduct for Crypto Businesses
22/06/2018
The Code includes commitment to comply with standing laws and regulations, ensure appropriate systems and processes, and treat customers and their assets fairly.
Fintech / Regtech
Singapore Accelerates Shift to Digital Economy
21/06/2018
MAS board member Ong Ye Kung pledges to eliminate cheque usage by 2025, while also reducing the need for ATM cash withdrawals, through increased adoption of e-payments.
AML / KYC
ASIFMA Publishes Best Practices Guide for Crypto Exchanges
21/06/2018
New report guides digital asset exchanges towards international nest practices for listing processes, market manipulation, pricing and liquidity, AML/KYC and cybersecurity, among other areas.
Enforcement
Thailand, Japan to Cooperate on Banking Supervision
20/06/2018
BOT and Japan FSA agreement sets out process they will follow to foster greater cooperation for information sharing, on-site visits, supervisory colleges and crisis management.
Market Infrastructure
Australia Consults on Corporate Structure for Funds
20/06/2018
New ‘CCIV’ structure will allow Australia asset managers to market fund products to the rest of Asia, complementing the Asia Region Funds Passport.
Market Infrastructure
Fund Managers Negative on MiFID II Research Unbundling – Report
20/06/2018
New RSRCHXchange survey reveals non-European fund managers negative about unbundling requirements, while recognising positive impact for investors; impact expected to be felt Asia within 2-4 years.
Enforcement
Goldman Faces Naked Short Selling Fine in S. Korea
19/06/2018
South Korean branch of Goldman Sachs International said its naked shorts were the result of an institutional investor reversing a decision to lend it shares; the firm faces a fine up to $896,000.
Enforcement
China’s Former CIRC Chief Pleads Guilty on Bribery Charges
18/06/2018
Xiang Junbo pleaded guilty to taking $3mn in bribes during his six years as head of former insurance watchdog as well as earlier in his career at PBOC and AgBank.
Enforcement
S. Korea Indicts 38 Bankers in Recruitment Probe
18/06/2018
Charges against current and former bank officials involve hiring misconduct, special favours; 87% of hiring irregularities occurred at either KB Kookmin Bank or KEB Hana Bank.
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