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
Anti-Money Laundering
FSI Takes Stock of Official Sector Response to Rising Financial Crime
17/05/2020
There are trade-offs between expecting FIs to enhance or adjust their cyber resilience and AML frameworks, versus avoiding excessive burdens that could hinder the delivery of key financial services.
Payments & Settlements
EU Banking Bodies Request Delay of T2-T2S Consolidation Project
17/05/2020
The associations have cited impacts from Covid-19 and SWIFT’s decisions to delay ISO 20022 migration for cross-border payments as the primary reasons for the requested delay.
Climate Risk
BIS Calls for Global Cooperation to Mitigate ‘Green Swan’ Risks
14/05/2020
More global coordination is needed to foster change in methodologies and mindsets to deal with global green swan risks, says a new BIS paper.
Conduct, Culture & Accountability
All Firms Are Taking Steps to Align Compensation With Risk: FSB
12/05/2020
Banks, insurers and asset managers are increasingly making use of non-financial metrics and better data to assess compensation policy effectiveness and align compensation with risk.
Structural Regulation
Japan’s New Foreign Investment Rules Take Effect
10/05/2020
While a series of exemptions for foreign financial institutions have been granted, the new requirements only allow 30 days for full implementation on 7 June.
Conduct, Culture & Accountability
HKMA Proposes Mandatory Reference Checks to Stop Rolling Bad Apples
08/05/2020
Under the scheme, prospective employees would be required to disclose employment records to recruiting AIs before a new employment relationship is established.
Structural Regulation
EU Benchmark Equivalence Regime Not Scalable: ISDA, FIA
07/05/2020
While the Associations welcome the legal approach taken, they highlight that the draft equivalence decision excludes the widely referenced Nikkei and JPX benchmarks.
Clearing & Post-Trade
Industry Bodies Request Margin Exemption Extensions under EMIR
06/05/2020
ISDA and other industry associations are asking for equivalence decisions for all jurisdictions that have implemented margin rules in line with the BCBS-IOSCO framework.
Conduct, Culture & Accountability
HK Govt Under Fire for ‘False’ Justification of Broker Subsidies
03/05/2020
Average daily market turnover jumped 54.5% in Q1 2020 compared to Q4 2019, which has led to a corresponding increase in brokerage revenues and profits.
Operational Risk
Legacy Systems, Poor Data Quality Hindering BCBS 239 Adoption
29/04/2020
Some banks have changed their BCBS 239 implementation strategies to comprehensively improve data quality, but this will take considerable time to resolve.
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