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
Securities / Derivatives
RBI to Launch a New Interest Rate Benchmark Called SORR
10/12/2024
The Secured Overnight Rupee Rate will be based on market repo and tri party repo transactions, which account for 98% of overnight money market transactions.
AML / KYC
Egmont Group Offers Guidance to FIUs on Conducting NRAs
10/12/2024
New Egmont Group report discusses best practices for identifying ML/TF risks, common challenges experienced in NRAs, and strategies for ensuring success.
AML / KYC
FATF Should Recognise ‘Alternative Measures’ to Promote Inclusion
09/12/2024
The Wolfsberg Group says the FATF standards should explicitly recognise and encourage “alternative measures” such as limited-purpose account types and tailored monitoring.
Crypto / Digital Assets
Korean Securities Firms Asked to Prepare for Market Shocks
08/12/2024
BOK promised “unlimited” liquidity. FSS met with 36 securities firms. FSC activated stabilisation funds. VASP operations impacted.
Capital / Liquidity
FSB Outlines 2024 Progress on Resolution-related Work
07/12/2024
In 2024, a new global standard for CCP resolution was finalised. The FSB has published its first list of insurers subject to resolution planning standards.
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.
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