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
Supervision & Enforcement
APRA Commences Roll-out of New Risk Supervision Model
06/10/2020
The move to the new Supervision Risk and Intensity Model could lead to a change in the intensity of supervision that APRA applies for some entities.
Structural Regulation
Fusion Bank Kicks Off Virtual Banking Soft Launch
05/10/2020
Under the HKMA’s sandbox, Fusion Bank will provide savings and time deposits, local fund transfers, payments, and become the first virtual bank to offer FX services.
Structural Regulation
EU Antitrust Objections Expected Over LSEG-Refinitiv Deal
05/10/2020
EU regulators are said to have antitrust concerns over LSEG’s proposed acquisition of Refivitiv. A Singapore consultation covering similar concerns is closing soon.
Trading & Investment
ISDA Receives Positive Business Review Letter from DOJ
05/10/2020
The letter brings ISDA a step closer to publishing a supplement and related protocol that will make IBOR fallbacks in derivatives a reality.
Alternative Markets
Singapore Continues to Grow as Asia Pacific Gateway: MAS
04/10/2020
As of mid-September, 120 VCCs have registered in Singapore, on top of 15.7% year-on-year growth in total AUM recorded at the end of 2019.
Conduct, Culture & Accountability
HKMA Directs Banks to Review, Enhance Sales Practices
02/10/2020
A mystery shopping programme has identified product disclosure, risk profiling, and suitability assessment as some of the key areas where improvement is needed.
Trading & Investment
SGX RegCo Publishes Regulatory Guide on Algorithmic Trading
02/10/2020
The guide describes the governance, risk controls, and development and testing process that SGX members should have in place when using algorithms in trading.
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.
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