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
Crypto / Digital Assets
New Virtual Asset Law Takes Effect in South Korea
19/07/2024
The FSC expects the law to establish a foundation to provide safe protection for users and sound order in the virtual asset market.
AML / KYC
FATF Issues Update on Standards Work for the NPO Sector
19/07/2024
The FATF will revise Recommendation 1 to better enable financial inclusion by improving the risk-based approach and supervision.
ESG / Sustainability
FSB Publishes Stocktake on Nature-related Financial Risks
19/07/2024
Work by authorities indicates that FIs face large exposures to nature-related physical risk via their investments and financing activities.
Enforcement
FSS Korea to Sanction Execs for Internal Control Issues
18/07/2024
FSS sets out how it will decide on imposing sanctions on CEOs and executives who violate their internal control management duties.
Crypto / Digital Assets
BCBS Publishes Final Standards for Bank Crypto Exposures
17/07/2024
The BCBS published final amendments to the prudential standard and the final disclosure framework for banks’ cryptoasset exposures.
Fintech / Regtech
FSB to Update 2017 Paper on AI-related Risks
17/07/2024
FSB Chair Klaas Knot said this work is not currently aimed at developing policy options or regulatory standards.
Big Picture
FSB Proposes Measures to Address Cross-border Payment Frictions
17/07/2024
Two new FSB reports offer policy recommendations to address legal, supervisory and regulatory frictions in cross-border payments.
Crypto / Digital Assets
FSC Korea Issues Regulations for New Virtual Assets Law
16/07/2024
The regulations specify how the virtual asset market will be supervised and illegal activities will be investigated. The new law takes effect on Friday.
Market Infrastructure
HKEX Unveils List of Mainland ETFs Being Added to Stock Connect
16/07/2024
Starting 22 July, 85 mainland-listed ETFs will be added to Northbound trading and 6 HK-listed ETFs will be added to Southbound trading.
Capital / Liquidity
China’s Liaoning Province Merging 36 Banks Into One Institution
15/07/2024
Liaoning Rural Commercial Bank is absorbing 25 rural commercial banks and 11 village banks as part of a central government plan to reform the rural credit system in China.
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