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
Structural Regulation
MAS to Intensify Supervisory Engagement to Drive SORA Transition
09/09/2020
In an ABS virtual roundtable, MAS deputy managing director Jacqueline Loh spoke of a three-pillar approach to support a smooth transition from SOR to SORA.
Structural Regulation
Mox Bank Launches Virtual Banking Services in Hong Kong
09/09/2020
Mox Bank, backed by Standard Chartered, PCCW, HKT and Ctrip Financial, is first opening accounts for its 20,000 pre-registrants before it opens to the rest of the public.
Market Risk
RBI Issues Draft Rules on Variation Margin Exchange
08/09/2020
The rules are applicable to India-regulated financial firms, IFSC banking units, and FPIs with non-cleared derivatives exceeding 500bn rupees.
Credit Risk
HKMA Directs Banks to Enhance Digital Lending Disclosures
07/09/2020
Digital lending platforms have 12 months to enhance disclosures and transparency to ensure borrowers are made to understand the implications of their borrowing decisions.
Sustainable Finance
S. Korea to Create $16.8bn ‘New Deal’ Fund Over 5 Years
07/09/2020
The government will act as a subordinate investor, meaning that it (namely, taxpayers) will absorb up to 10 percent of any possible losses first.
Structural Regulation
State Council Approves Rules for Financial Holding Companies
07/09/2020
Based on last year’s consultation, non-financial enterprises that control financial sector businesses will need a licence to operate financial holding companies.
Clearing & Post-Trade
HKEX Enhances Capital-based Position Limits for Options, Futures
07/09/2020
SEOCH and HKCC clearing participants can apply to increase their capital-based position limits, provided they meet a set of criteria.
Fraud, Scams & Cybercrime
US SEC Launches Fraud Probe into Chinese Edutech Firm
06/09/2020
Reports first emerged in February alleging that up to 80% of GSX Techedu users are fake, evidenced by attendance data, server records, and admissions by former employees.
Supervision & Enforcement
FINMA Launches Enforcement Proceedings Against Credit Suisse
06/09/2020
The proceedings relate to violations identified by a FINMA-appointed auditor in relation to Credit Suisse’s observation and security activities, and how these activities are documented and controlled.
Trading & Investment
MAS Best Execution Requirements to Take Effect in March 2022
04/09/2020
Following from a November 2017 consultation paper, MAS has set an 18-month transitional period for Singapore financial firms to comply with best execution requirements.
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