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
Capital / Liquidity
HKMA Consults on Amendments to Hong Kong Banking Ordinance
06/12/2024
Among other things, the HKMA proposes to establish a statutory regime enabling it to exercise direct regulatory and supervisory powers over holding companies of banks.
AML / KYC
Hong Kong Banks to Extend Fraud Alerting Service to ATMs
06/12/2024
Starting from 8 December 2024, 22 participating banks will gradually implement the alert mechanism at their ATMs.
Capital / Liquidity
HKMA Launches New ‘Special Scheme’ to Aid Homebuyers
05/12/2024
The scheme allows a higher LTV ratio and DSR limit for homebuyers who bought residential properties when prices were higher from 2021 to 2023.
Market Infrastructure
HK Banks Making ‘Good Progress’ on Operational Resilience: HKMA
04/12/2024
HKMA’s Carmen Chu said all Hong Kong banks have developed the relevant frameworks and most are now conducting mapping and scenario testing exercises.
Capital / Liquidity
Bank of Korea Pledges ‘Unlimited’ Liquidity to Keep Markets Stable
04/12/2024
The central bank pledged to keep financial markets stable after the President unexpectedly declared and then rescinded martial law.
AML / KYC
Basel Institute on Governance Publishes 2024 Basel AML Index
04/12/2024
In Asia, New Zealand, Australia, Taiwan, Brunei, and South Korea scored the best while Myanmar, Lao PDR, China, Vietnam, and Cambodia scored the worst
AML / KYC
Taiwan Executive Yuan Approves “Version 2.0” Anti-Fraud Action Plan
03/12/2024
The FSC also issued new regulatory guidelines for FIs and VASPs on preventing the fraudulent use of financial services.
Securities / Derivatives
Taiwan Shortens Auction Interval for Odd-Lot Trading
03/12/2024
The auction interval was shortened from one minute to just five seconds, effective 2 December, to match the quotation interval.
Market Infrastructure
HKMA Issues New Statutory Guideline on Cyber Risk Management
03/12/2024
The SPM module articulates the HKMA’s policy, overarching principles, and supervisory approach on banks for managing cyber risks.
Fintech / Regtech
FSC Korea Adjusts Criteria for Authorising Internet-only Banks
02/12/2024
The FSC plans to add a statutory condition under the Banking Act that will allow it to suspend an internet-only bank’s operations if it cannot execute its business plan.
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