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
PEPs & Sanctions
HKAA Sanctions Mark Formal Warning to Global Banks
15/10/2020
International financial institutions conducting ‘significant transactions’ with the ten sanctioned individuals could face secondary sanctions.
Emerging Prudential Risks
G20 Ministers Extend DSSI Debt Relief, Welcome FSB, FATF Efforts
14/10/2020
The G20 finance ministers and central bank governors have agreed to extend debt relief for low-income countries for six months, and welcomed efforts by the FSB and FATF.
Emerging Prudential Risks
FSB Publishes Letter to G20 Ahead of Virtual Meeting
14/10/2020
The letter describes the FSB’s work to address issues of financial innovation and technology, promote a resilient and integrated global financial system, and address market fragmentation.
Trading & Investment
BIS Paper Presents Alternative to Forward-looking Term Rates
12/10/2020
Many banks have adopted a “wait and see” approach to the LIBOR phase-out, waiting to forward-looking term rates based on RFR derivatives to become available.
Anti-Money Laundering
AUSTRAC Publishes Financial Crime Guide on Illegal Wildlife Trade
11/10/2020
The guide offers indicators FIs can use in profiling and transaction monitoring to target, identify and stop financial transactions associated with illegal wildlife trafficking.
Structural Regulation
GBA Regulators Advance Policy Work on Cross-border Mortgages
11/10/2020
The HKMA’ Edmond Lau says encouraging progress has been made to allow Hong Kong banks to provide cross-border mortgage services in the Greater Bay Area.
Capital Adequacy
BSP Revises Minimum Capital Requirement for Digital Banks
08/10/2020
The BSP will no longer consider a distinction between a basic and advance digital bank, according to a revised circular issued for industry review and feedback.
Trading & Investment
Tradition Executes First HONIA-SOFR Cross Currency Basis Swap
08/10/2020
The trade provides a foundation for the structure of cross-currency swaps that use SOFR and the local ARR, in this case HONIA.
Trading & Investment
SGX to Migrate MSCI Taiwan Contracts to FTSE Early
07/10/2020
The move is reportedly aimed at avoiding potential operational issues as market uncertainty persists into the end of the year.
Trade Based Money Laundering
Singapore Banks to Develop Trade Finance Registry to Combat Fraud
06/10/2020
DBS and StanChart are leading a project to develop a central registry which will prevent borrowers from using the same collateral to secure loans with multiple banks.
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