Manesh Samtani
Manesh manages the news desk and serves as an editor at Regulation Asia. He covers regulatory changes across Asia Pacific that impact banking, capital markets, asset management, and financial services more generally. Manesh is a former trader and investment consultant with a degree in Finance and Banking. manesh@regulationasia.com
Articles by Manesh Samtani
Fintech / Regtech
HKMA to Bolster Bank Supervision With Social Media Monitoring Tool
23/01/2024
The planned solution will be able to extract data from social media and websites and use NLP to analyse market sentiment and risks associated with banks.
Market Infrastructure
BIS Sets Out Priorities for Next Review of FX Global Code
23/01/2024
BIS Market Committee Chair John Williams says the GFXC should expand adoption to more types of institutions and continue work on reducing FX settlement risk.
AML / KYC
EU Council, Parliament Reach Provisional Agreement on AMLD6
18/01/2024
The scope of the AML rules is broadened to include cryptoassets, luxury goods, football clubs and golden visas. There is also an EU-wide cash payment limit of EUR 10,000.
Securities / Derivatives
Bursa Malaysia Launches Transition to “Multi-asset Exchange”
16/01/2024
Bursa Malaysia launched a gold trading platform, a new customer portal, and a new platform to connect investors directly with dealer representatives.
Crypto / Digital Assets
Korea FSS Forms Virtual Asset Supervision and Investigation Bureau
12/01/2024
The new bureau will establish a supervision and inspection system equivalent to that of other financial institutions, the FSS said.
Big Picture
Teething Issues: OTC Derivatives Reporting Rewrites in APAC
10/01/2024
The more challenging aspects of implementation involve jurisdiction-specific data fields, the UTI waterfall, UTI generation, and ISO 20022.
Fintech / Regtech
Two New Digital Banks Approved for Launch in Malaysia
10/01/2024
Boost Bank and AEON Bank received regulatory approval to begin digital banking operations. They were two of five applicants granted licences in 2022.
Enforcement
Korea FSS Widens Probe into Sales of High Risk Derivatives
09/01/2024
The FSS found that some firms incentivised sales of high-risk and complex ELS products through internal policies and KPIs.
Crypto / Digital Assets
CFTC Offers Policy Recommendations to Address DeFi Risks
09/01/2024
The report calls on the government and industry to work together to better understand DeFi and “advance its responsible and compliant development”.
Fintech / Regtech
Large Language Models Can’t Yet be Used for ‘Highstakes’ Analysis: BIS
06/01/2024
Current large language models like GPT-4 do not yet have the “rigorous reasoning abilities necessary for some core analytical activities”.
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