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
AML / KYC
Australia Introduces Sanctions Reform Bill to Parliament
28/11/2021
The bill allows targeted sanctions to be imposed to address themes such as gross human rights violations, malicious cyber activity and serious corruption.
ESG / Sustainability
HKMA Offers Guidance on Regtech for Reporting, Stress Testing
28/11/2021
The latest regtech adoption guide highlights challenges banks face as a result of their use of legacy systems and siloed data structures.
Market Infrastructure
APRA Calls For Greater Board Engagement on Cyber Risk
25/11/2021
APRA found in a data collection exercise that 60 percent of regulated entities had not assessed IT service providers’ information security control testing.
Fintech / Regtech
Japanese Banks, Companies to Test Run Digital Currency
24/11/2021
A group of over 70 companies, banks, and organisations plans to bring a digital currency known as DCJPY into circulation in the second half of 2022.
Market Infrastructure
China Steps Up Crackdown on Violations of Anti-monopoly Law
24/11/2021
China Citic Bank and a Baidu unit are among the latest to be fined. The SAMR’s anti-monopoly bureau has been elevated to a separate state-level bureau.
HKMA Publishes Interim Report on Front Office Incentives Review
24/11/2021
Frontline staff with more positive perceptions of customer and conduct outcomes had incentives that emphasised both financial and non-financial factors.
Market Infrastructure
Japan Unveils Decisions on Treatment of Legacy LIBOR Contracts
23/11/2021
Synthetic JPY LIBOR may be used if the contracting parties agree to do so, as well as in “exceptional cases” where it is difficult to proceed with negotiations.
Market Infrastructure
FSB Calls for Urgent Action Complete LIBOR Transition Steps
23/11/2021
The FSB says transition should be “primarily to overnight RFRs” and that it is closely watching market developments regarding credit-sensitive rates.
HKMA Restricts Data Sharing for Direct Marketing Purposes
22/11/2021
Banks may not share customers’ personal data with third parties including their own group companies for direct marketing purposes.
Fintech / Regtech
Japan FSA Publishes Principles for Model Risk Management
22/11/2021
The FSA published the principles to catalyse further development of model risk management practices in the industry and prevent risk.
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