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
Commonwealth Bank Agrees to A$700m Penalty for AML Breaches
04/06/2018
AUSTRAC investigations revealed inadequate AML/CTF risk assessment and controls, leading to failures in monitoring transactions, submitting transaction reports, detecting money laundering.
Market Infrastructure
Malaysia Scraps GST on Banking Products
03/06/2018
Effective 1 June, Malaysian banks will impose a zero percent GST on all banking products and services, previously subject to 6% GST.
Securities / Derivatives
S. Korea Announces Measures to Prevent Stock Trade Errors
29/05/2018
Measures to prevent repeat of Samsung Securities dividend payout error include new real-time monitoring system, tighter controls at securities firms, tougher penalties.
Capital / Liquidity
China Allows Non-banks to Sell Bad Debt Overseas
29/05/2018
SAFE also simplified the process for transferring NPLs to foreign investors for non-banks; previously only banks were allowed to sell bad debt to foreign investors.
Enforcement
Australia Introduces Final Phase of ASIC Industry Funding Legislation
28/05/2018
Final phase involves fees ASIC charges for specific activities such as licence or registration applications; industry funding model to commence 1 July 2018.
AML / KYC
India’s Supreme Court to Hear All Crypto Related Cases
25/05/2018
Several petitions received by courts challenging constitutional validity of RBI order barring banks from crypto dealings; next Supreme Court hearing scheduled for 20 July.
Securities / Derivatives
Cambodia Establishes Regulatory Framework for Collective Investment
24/05/2018
Securities regulator approves directive establishing conditions and procedures to follow for licensing and the legal obligations for collective investment schemes.
Capital / Liquidity
S. Korea Allows Wider Range of Assets as Loan Collateral
24/05/2018
Loan collateral can include movable assets such as intellectual property, claims on future sales, half-finished goods, machinery, inventory, raw materials and electronic appliances.
Market Infrastructure
Malaysia Implements Segregated Accounts for Bond Investors
23/05/2018
BNM has operationalised segregated securities accounts for resident and non-resident investors in RENTAS debt securities using LEIs to identify transacting parties.
Big Picture
Talking Crypto Regulation with Ripple’s Sagar Sarbhai
22/05/2018
Regulation Asia sat down with Sagar Sarbhai, Head of Government and Regulatory Relations for APAC and the Middle East at Ripple, to discuss the company’s business proposition and the regulatory challenges it faces across the region.
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