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
Fintech / Regtech
MAS, SGX to Develop Cross-Platform DvP Settlement of Tokenised Assets
27/08/2018
Nasdaq, Deloitte and Anquan appointed as technology partners to enable simultaneous exchange and settlement of tokenised digital currencies and securities assets using blockchain technology.
AML / KYC
Singapore’s UOB Integrates Machine Learning in AML Systems
24/08/2018
Collaboration with regtech firm Tookitaki has enabled deeper and broader analyses of data sets which can be applied to all processes within AML framework.
Capital / Liquidity
India’s Bank Recapitalisation Plan Will Not Boost Loan Growth – Moody’s
23/08/2018
A recent report by Moody’s Investor Services says the government’s recapitalisation plan for state run banks will be just enough to cover loan losses and regulatory capital ratios, but not enough to boost credit growth required for economic expansion.
Capital / Liquidity
Japan’s Regional Banks Told Not to Blame BOJ for Woes
23/08/2018
FSA commissioner urges regional banks, whose profits are down 30% from 5 years ago, to explore ways to manage low interest environment, other than blaming monetary policy.
Capital / Liquidity
India’s Government Asks RBI to Ease Pressure on State Banks
23/08/2018
Government wants central bank to review criteria for releasing banks from PCA framework, shift to Basel III capital standards.
Market Infrastructure
Trade Row May Delay US Banks Seeking China Expansion – Report
23/08/2018
US banks believe trade tensions could delay or prevent approvals to increase their stakes in Chinese subsidiaries, possibly enabling European banks to an gain upper hand.
Market Infrastructure
SOFR Gains Acceptance as LIBOR Alternative
22/08/2018
Credit Suisse, the World Bank and Fannie Mae have now all issued new debt referencing the SOFR, which draws from actual repo market transactions to reflect the cost of borrowing cash secured against US government debt.
Enforcement
Japan’s Suruga Bank Under Fire for Potentially Illegal Loans
22/08/2018
Draft report by investigative panel says the bank’s management failed to take reasonable caution against lending malpractice involving the falsification of documents.
AML / KYC
Japanese Regional Banks to Set Up AML Information Sharing
16/08/2018
An information sharing network between 64 regional banks aimed at AML/CFT efforts is part of a larger legal and regulatory push in the country against money laundering in preparation for an FATF inspection.
Market Infrastructure
India’s Cosmos Bank Suffers $13mn Theft
16/08/2018
Attackers used cloned cards to simultaneously withdraw cash from ATMs in 28 countries, along with a fraudulent SWIFT transfer two days later.
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