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
MAS Plans to Adopt BCBS Risk Weights for Cryptoassets
30/11/2022
MAS will require Singapore banks to apply a 1250% risk weight for exposures to Bitcoin and Ether, pending the finalisation of the BCBS framework.
Enforcement
Australia Passes Bill Raising Penalties for Privacy Violations
29/11/2022
The legislation also amends the extraterritorial jurisdiction of the Privacy Act to bring into scope foreign firms conducting business in Australia.
Market Infrastructure
Hong Kong Launches Platform to Accommodate Multiple CRAs
29/11/2022
The Credit Reference Platform is a key step towards introducing multiple CRAs in Hong Kong, a plan set into motion by TransUnion’s 2018 data breach.
AML / KYC
EU States Start Closing Access to Beneficial Owners Registers
28/11/2022
Luxembourg, Netherlands, Belgium, Austria and Malta have closed public access to their beneficial ownership registers following an EU Court of Justice ruling.
Market Infrastructure
India Publishes New Data Protection Bill for Consultation
25/11/2022
The bill will ease India’s data localisation requirements, allowing data fiduciaries to transfer personal data to countries that are approved by the government.
Fintech / Regtech
ZA Bank, Wise Partner to Offer International Remittances
24/11/2022
ZA Bank will offer a “hassle-free service to users, without worrying about any foreign exchange markup, hidden charges and transfer progress.”
Market Infrastructure
UK FCA Publishes Consultation on Synthetic USD LIBOR
24/11/2022
The FCA proposes that the 1-, 3- and 6-month USD LIBOR settings will be published under a synthetic methodology until end September 2024.
Big Picture
ASIFMA Offers Recommendations for Korean Capital Markets
23/11/2022
ASIFMA offers three recommendations to further strengthen Korea’s capital markets and improve access for global institutional investors.
Fintech / Regtech
ASIC Releases API for Reportable Situations Submissions
23/11/2022
The API provides a machine-to-machine interface solution to submit notifications about reportable situations, removing the need to manually input information into ASIC’s form.
AML / KYC
UK Parliamentary Report Calls for Overhaul of Approach to Fraud
21/11/2022
The report says “failure to prevent fraud” should be introduced as a new corporate criminal offence, along with significant financial penalties.
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