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
Payments & Settlements
GFXC to Complete FX Global Code Review by Mid-2021
23/10/2020
Among the key issues in the FX market has been settlement risk, given the increasing number of trades being settled without PvP protection, says RBA deputy governor Guy Debelle.
Conduct, Culture & Accountability
HKMA Issues Guidance on Bank Sales of Policy Replacement
22/10/2020
Banks engaged in insurance sales are expected to identify policy replacement at the point of sale and provide advice to customers on whether policy replacement is in their best interests.
Trading & Investment
GBA Wealth Management Connect to Operate With Quota System
22/10/2020
The scheme will be capped at 150 bn yuan in each direction, and an individual quota of 1 mn yuan will be imposed on Greater Bay Area residents.
Anti-Bribery & Corruption
Goldman Resolves Remaining 1MDB Charges for $2.9bn
22/10/2020
Under the coordinated resolution, Goldman will pay $606mn in disgorgement and more than $2.3bn in penalties to authorities in the US, UK, Hong Kong and Singapore.
Conduct, Culture & Accountability
HKMA Asks FIs to Protect Customer Interests in LIBOR Switch
21/10/2020
Banks are expected to develop robust education and outreach programmes to help customers make informed decisions when assessing the options available in the transition.
Anti-Money Laundering
Hong Kong Banks Asked to File STRs for Suspected NSL Breaches
20/10/2020
According to updated HKMA guidance, suspected breaches of the national security law should be treated the same as AML/CFT violations and be reported to the JFIU as STRs.
Payments & Settlements
Tokyo Stock Exchange Faces FSA Probe Over System Outage
20/10/2020
Based on an on-site investigation and findings from JPX’s own investigative committee, the FSA will consider issuing a business improvement order.
Anti-Money Laundering
Global Tax Evasion Probe Targets Euro Capital Bank, Puerto Rico
18/10/2020
Euro Pacific Bank, founded in 2017 by Peter Schiff and Mark Anderson, is said to be used by up to 400 Australian nationals, about 100 of which are considered “high-risk”.
Clearing & Post-Trade
Australian Regulators Prescribe Open Access to ASX Clearing Services
18/10/2020
According to sources, the guidance was issued to prevent ASX Clear from imposing requirements on NSX with respect to the standards of its listed companies.
AI Risk & Governance
MAS’ Use of Tech to Enhance Regulatory, Supervisory Functions
17/10/2020
A recent FSB report offered case studies of how regtech and suptech are being deployed by regulators, including several examples from MAS.
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