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
AML / KYC
FIs Must Continue to Innovate Approach to AML: HKMA
27/04/2022
Executive director Carmen Chu says work is underway to update HKMA’s guidance on name screening, transaction monitoring and suspicious transaction reporting.
Capital / Liquidity
Industry Bodies Call on BCBS to Revisit SA-CCR Standard
26/04/2022
The SA-CCR framework, having been finalised in 2014, does not adequately reflect structural changes in the derivatives market and the overall regulatory framework.
Trust in Singapore Banking Industry is Increasing: ABS
26/04/2022
ABS highlighted banks’ efforts to improve complaints handling, tackle digital scams, and enhance accountability, conduct and culture.
AML / KYC
RBI Expands LEI Requirements for Corporate Borrowers
26/04/2022
The RBI has prescribed timelines for borrowers with exposure of INR 50 million to obtain an LEI, including customers of NBFCs and UCBs.
Enforcement
MAS Consults on Revised Misconduct Reporting Requirements
24/04/2022
Misconduct reports will have to be submitted to MAS within 21 calendar days after an FI has found reasonable grounds to believe that misconduct has been committed.
Crypto / Digital Assets
Asset Managers Should Put Customers at Heart: SGX
21/04/2022
At the IMAS Digital Summit 2022, SGX CEO Loh Boon Chye discussed the exchange’s approach to digital assets and technology adoption.
AML / KYC
OFAC Sanctions Russian Crypto Miners, UK Targets Military
21/04/2022
OFAC designated Russian crypto miners and a bank offering sanctions evasion services. The UK sanctioned Russian generals and others supporting the military.
AML / KYC
AUSTRAC Issues New Guidance on Ransomware, Crypto Crime
21/04/2022
Financial services businesses are asked to use the indicators in the guides in transaction monitoring to detect potential illicit activity and file SMRs.
Crypto / Digital Assets
FSB Warns of Emerging Vulnerabilities, Financial Stability Risks
21/04/2022
Global financial stability cannot be taken for granted going forward, FSB Chair Klaas Knot said in a letter to G20 Finance Ministers and Central Bank Governors.
Market Infrastructure
China Legislature Passes Futures and Derivatives Law
21/04/2022
The final version of the law further improves derivatives trading supervision and specifies rules for foreign institutions operating in China.
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