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
PEPs & Sanctions
Lack of Vessel Ownership Data an Indicator of High Risk
20/04/2023
69.2% of vessels with unknown beneficial owners have engaged in risky or sanction-violating behaviour, report finds.
Payments & Settlements
BIS, BOE Unveil Findings from Payments Synchronisation Project
19/04/2023
Project Meridian demonstrated the ability to synchronise property ownership transfer with payment settlement using central bank money.
Cryptocurrency
SEC Chair Gensler Defends Regulatory, Anti-Crypto Agenda
19/04/2023
Regulation by enforcement is not sufficient nor sustainable, House Financial Services Committee chair Patrick McHenry told SEC chair Gary Gensler.
Anti-Money Laundering
New Singapore Bills Target Money Mules, Singpass Abuse
18/04/2023
The MHA and SNDGO proposed amendments that will empower the police to prosecute money mules and those who sell and trade Singpass credentials.
Market Data & Technology
DSB Launches UPI User Acceptance Test Environment
17/04/2023
The UAT environment will help the industry prepare for incoming OTC derivatives reporting requirements. The full UPI Service will launch on 16 October 2023.
Reporting & Disclosures
HKEX: Climate-related Disclosures to Become Mandatory in 2024
16/04/2023
New rules aligned with the TCFD recommendations and the ISSB Climate Standard will become effective in January 2024.
Anti-Money Laundering
Working Group Formed to Update Crypto’s IVMS101 Standard
16/04/2023
The working group will update the IVMS101 standard and develop other standards to create “greater consistency and integrity” within the crypto ecosystem.
Market Risk
FDIC Official Says 2018 Rule Changes Did Not Cause SVB Failure
14/04/2023
SVB’s collapse was mostly attributable to mismanagement of interest rate risk. Regulatory change should be evaluated “thoughtfully”.
Cybersecurity
FSB Proposes Standard Global Approach to Cyber Incident Reporting
14/04/2023
The FSB will establish a new working group to further develop its proposed ‘format for incident reporting exchange’, known as FIRE.
AI Risk & Governance
Italy ChatGPT Ban Prompts Broader Scrutiny of AI Tools
12/04/2023
Taiwan is exploring the use of AI tools by banks. China has issued draft rules for AI development. The US is exploring accountability mechanisms for AI systems.
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