Manesh Samtani

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    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

    Anti-Money Laundering

    FATF Upgrades China on Three Recommendations in Follow-up

    01/10/2020

    This is to reflect progress on regulating online lending, guidance issued to online lending and other DNFBP sectors, and China’s prohibition on virtual asset activities.

    Climate Risk

    HKMA Pushes Forward Green & Sustainable Banking Initiatives

    01/10/2020

    A pilot climate stress testing exercise involving Hong Kong banks will commence early next year. A local green taxonomy is under development.

    Structural Regulation

    Two More Virtual Banks Launch in Hong Kong

    01/10/2020

    Ant Bank and Ping An OneConnect Bank launched virtual banks in Hong Kong. Fusion Bank is the only virtual bank that has not yet commenced operations.

    Anti-Money Laundering

    HKMA to Enhance AML/CFT Supervision Through Data & Tech

    29/09/2020

    The HKMA intends to increase its engagement and data collection, make better use of data, and utilise suptech tools to enhance its AML/CFT supervision.

    Capital Adequacy

    BNM to Allow Banks to Add-back ECL to CET1 Capital

    29/09/2020

    Banks which elect to apply the transitional arrangements are allowed to add back a portion of Stage 1 and Stage 2 provisions for ECL to CET1 capital.

    KYC & CDD

    GLEIF Defines New Framework to Simplify, Accelerate LEI Issuance

    29/09/2020

    Many of the labor intensive and time-consuming procedures performed to obtain an LEI are the same as those performed by the FI during onboarding.

    Emerging Prudential Risks

    IBOR Phase-out Plans on Track Despite Covid: Moody’s

    29/09/2020

    But challenges remain, including limited liquidity in ARR markets, uncertainties on term rates and credit spread adjustments, and operational issues.

    Credit Risk

    Australia Prepares to Abolish Responsible Lending Obligations

    27/09/2020

    Lenders will no longer have to assess borrowers’ earnings and expenses to determine whether they can afford to repay their debt without hardship.

    Cryptocurrency

    EU Unveils Digital Finance Strategy, Crypto-asset Framework

    27/09/2020

    The package consists of a digital finance strategy, a retail payments strategy, and legislative proposals for regulating the crypto-asset sector.

    KYC & CDD

    Stockbrokers’ Association Pushes Back Against AUSTRAC Proposal

    25/09/2020

    AUSTRAC proposed in July to allow brokers to open accounts for new clients with flexibility to complete the customer identification procedure within five days.

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