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
Credit Risk
RBI Drafts Rules to Restrict Short Term Borrowings
15/06/2018
New rules will require a minimum 40% fixed term loan component of working capital financing facilities by 1 October and 60% by 1 April 2019, to reduce cash credit borrowings which often entail loose repayment schedules, perpetual roll-overs.
Conduct, Culture & Accountability
China Cracks Down on ‘False Inflation’ of Bank Deposit Levels
15/06/2018
China’s top financial regulators have issued a new circular that prohibits banks from falsely inflating their deposits, a common practice to improve quarterly and mid-year performance assessments.
Cybersecurity
Industry-wide Collaboration Needed to Combat Cyber Threat – DTCC
14/06/2018
DTCC Chief Security Officer Stephen Scharf says traditional focus on preventative measure at individual firm level are no longer enough; closer collaboration is needed to develop collective response and recovery plans.
Trading & Investment
GIFT City Exchanges Launch Omnibus Account Structure
14/06/2018
BSE’s India INX and NSE IFSC have launched the segregated nominee account structure, allowing foreign investors to avoid direct FPI registration and instead trade Indian equities through established intermediaries.
Trading & Investment
Hong Kong, Japan to Cooperate on Commodity Market Development
12/06/2018
HKEX and Tokyo Commodity Exchange MoU to promote cooperation through information exchanges, staff exchanges, product development and joint promotion.
Cloud & Infrastructure
Data Driven Regulatory Regimes Challenge Bank Workflows – Report
12/06/2018
Wolters Kluwer research says legacy systems no longer fit for purpose; most firms plan to integrate data in regulatory workflows despite low confidence in data quality.
Credit Risk
China Requires Corporate Credit Data to be Shared Among Banks
11/06/2018
New rules establish information sharing mechanism among lenders for collective gathering and cross-validating business and financial information of borrowers.
KYC & CDD
Foreign Tax Status Disclosures Required by New Zealand Banks
07/06/2018
Banks required to report customers’ foreign tax status by 30 June; customers that do not respond may have their accounts frozen or closed.
Anti-Bribery & Corruption
Malaysia Central Bank Chief Resigns Amid 1MDB Controversy
07/06/2018
Controversy relates to a land purchase by BNM; proceeds used by government to partly settle debt owed by troubled state fund 1MDB.
Trading & Investment
Taiwan to Launch Crude Oil Futures in July
05/06/2018
Taiwan Futures Exchange chairman says crude oil futures will allow domestic investors to trade without adverse currency fluctuations; also exploring the application of fintech and other technologies for clearing services.
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