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
US SEC Cautions Against Governance Risks from Dual Class Shares – Report
26/09/2018
SEC commissioner Robert Jackson Jr reportedly urged Singapore and Hong Kong to maintain close oversight over companies with dual class share structures to mitigate against corporate governance risks.
Enforcement
ASIC Report Reveals ‘Unacceptable Delays’ by FIs in Handling Breaches
26/09/2018
Institutions take over 4 years to identify breaches, over 2 months to start an investigation into identified breaches, and 2.5 months to lodge breach reports with ASIC.
Fintech / Regtech
APRA Updates Guidance on Cloud Computing Use by Regulated Entities
25/09/2018
Information paper acknowledges improvements in the ability of regulated entities to manage cloud computing risks, while also detailing observed weaknesses and areas of concern.
Enforcement
MAS Publishes Monograph Detailing Enforcement Approach
25/09/2018
Monograph outlines how MAS manages enforcement work in three areas: detection, investigations and in taking enforcement action.
Fintech / Regtech
S. Korea Eyes Two More Internet-Only Banks in 2019
24/09/2018
The FSC said it plans to approve two more Internet-only banks next year, a day after a bill passes allowing non-financial firms to boost their ownership stakes in such banks.
Crypto / Digital Assets
Japan FSA Probes $60mn Hack at Crypto Exchange
24/09/2018
About two-thirds of the stolen cryptocurrency belonged to customers of the exchange platform Zaif, which will receive a cash infusion from Fisco Digital Asset Group to help repay them.
Fintech / Regtech
South Korea Designates Fintechs as Agents for Financial Institutions
21/09/2018
Nine designated fintech firms will be allowed to provide services to customers for up to two years, testing their services as agents of partnering financial institutions.
Market Infrastructure
SGX Shareholders Voice Concerns Over Regulatory Powers
21/09/2018
Despite robust profits and extensive expansion plans announced at its AGM, SGX was criticised for not doing enough to protect minority shareholders.
Capital / Liquidity
Majority of Banks Unprepared for FRTB’s 2022 Deadline – Report
20/09/2018
An IHS Markit survey of 34 banks in North America, Europe and Australia suggests the industry needs to move more quickly to get their target risk architectures for FRTB in place by 2022.
Market Infrastructure
High Speed Markets a Challenge for Central Banks
20/09/2018
Modern market infrastructure and the volumes of data they bring present a challenge to central banks in the way they monitor markets to fulfil their mandates.
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