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
Clearing & Post-Trade
SGX to Launch New T+2 Securities Settlement System from 10 December
14/11/2018
Among several other enhancements, moving from a T+3 to a T+2 settlement cycle will harmonise Singapore with stock markets in Australia, the EU, Hong Kong and the US.
AI Risk & Governance
MAS Issues Guidance on Responsible Use of AI, Data Analytics
13/11/2018
MAS managing director Ravi Menon announced the release of the Fairness, Ethics, Accountability & Transparency, or FEAT, Principles at the Singapore Fintech Festival.
Market Abuse
Australian Court Orders A$3.3mn Penalty for Westpac BBSW Misconduct
11/11/2018
The penalty is far less than the combined A$125mn that NAB, ANZ and CBA paid to settle their own BBSW cases with ASIC out of court.
Clearing & Post-Trade
ESMA Proposes Relief from EMIR Clearing Obligation in No-Deal Brexit
09/11/2018
In a no-deal Brexit, ESMA’s proposal would give EU firms 12 months to replace UK counterparties in legacy derivative contracts without triggering the EMIR clearing obligation.
Capital Adequacy
APRA Proposes Higher Capital Requirements for Big Four Banks
08/11/2018
The banking regulator is seeking feedback on a proposal to increase the Total Capital requirement for Australia’s D-SIBs by 4-5% of risk-weighted assets by 2023.
Clearing & Post-Trade
DTCC Enters Test Phase on DLT Project for Credit Derivatives
08/11/2018
The initiative to re-platform DTCC’s Trade Information Warehouse will “revolutionise the derivative industry’s credit market infrastructure”, says DTCC’s Chris Childs.
Credit Risk
US-China Trade Dispute Poses Risk for Singapore Banks – Moody’s
07/11/2018
Singapore banks face greater asset risk in 2019, with both Moody’s and Fitch expecting loan growth to moderate amid worsening global conditions.
Structural Regulation
Shanghai Stock Exchange to Launch New Technology Board
06/11/2018
Announced by President Xi Jinping, the new science and technology board will subject innovative enterprises to different profitability and ownership requirements.
Conduct, Culture & Accountability
NZ Banking Conduct, Culture Review Finds ‘Significant Weaknesses’
05/11/2018
But conduct and culture issues do not appear to be widespread at banks in New Zealand, the FMA and RBNZ said, citing only ‘a small number of issues’ related to poor conduct by bank staff.
Supervision & Enforcement
APRA Gets A$60mn in New Funding, Byres 5-Year Reappointment
05/11/2018
Following Royal Commission findings that APRA never took a financial institution to court, the agency said it needed more funding to take a more aggressive enforcement approach.
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