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
China Blocks Southbound Access to Dual-Class Stocks
16/07/2018
Shanghai and Shenzhen bourses release joint statement barring domestic investors from trading in foreign companies, stapled securities and stocks with weighted voting rights structures listed in Hong Kong.
Fintech / Regtech
S. Korea to Ease Rules on Cloud Storage of Customer Data
16/07/2018
FSC is expanding the types of information financial companies can store on cloud computing systems to include personal credit and identification information.
Enforcement
CBA Enters Enforceable Undertaking with ASIC for BBSW Manipulation
12/07/2018
CBA will engage an independent expert to assess changes to the banks’ policies, procedures, systems, controls, training, guidance and framework for the monitoring and supervision of employees and trading in Prime Bank Bills.
Crypto / Digital Assets
RISE HK: Regulation Needed to Clean Up Crypto Sector
12/07/2018
At the RISE conference in Hong Kong this week, industry participants called for regulation in the crypto sector “earlier rather than later”, to avoid backlash which could set the industry back.
Securities / Derivatives
China Brokers Face Loan Risks Amid Market Sell-Off – Report
11/07/2018
Equity-backed loans amount to 103% of net capital at Chinese brokerages; $2tn sell-off since January rapidly eroding value of collateral, reports Bloomberg.
AML / KYC
FATF Consults on Securities Sector AML/CFT Guidance
11/07/2018
Guidance aimed at assisting to countries, competent authorities, providers of securities products and services, and intermediaries in risk-based design and implementation of applicable AML/CFT measures.
Capital / Liquidity
PBOC Adviser Signals Easing in China Debt Crackdown
11/07/2018
Regulators will avoid overusing “one-size-fits-all” policy in cutting debt levels, amid slowing market slump and economic growth, along with rising trade tensions and credit defaults.
AML / KYC
Australia Joins New International Tax Enforcement Alliance
11/07/2018
The ‘J5’ will three global tax enforcement initiatives: cybercrime and virtual currencies, enablers of offshore tax crime, and data platforms; new alliance includes Canada, US, UK, Netherlands.
Enforcement
CCB Hong Kong Unit Fined for IPO Sponsor Failures
10/07/2018
SFC has fined CCB International Capital HK$24mn for failing to conduct reasonable due diligence for seafood company Fujion Dongya Aquatics in its 2014 listing.
Big Picture
Off-boarding Tail Clients a Short-Sighted Approach – Report
09/07/2018
Report by Quinlan & Associates suggests potential for digital transformation to deliver 10-15% boost in top-line revenues and 30% reduction in operating costs, with tail clients a key opportunity.
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