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
Market Infrastructure
China Approves Plan to Impose National Security Law in Hong Kong
28/05/2020
The move could impact Hong Kong’s special trade status under US law, lead to sanctions against officials, and trigger a downgrade of the city’s credit rating.
Market Infrastructure
US State Dept Declares Hong Kong No Longer Autonomous
27/05/2020
The move puts at risk the special status under US law Hong Kong has enjoyed since 1992, jeopardising billions of dollars worth of trade and investment.
AML / KYC
India to Tighten KYC Rules for Hong Kong, China FPIs
26/05/2020
Alongside stricter KYC procedures during FPI registration, India may set a 10% beneficial ownership cap on foreign investment from China including Hong Kong.
Market Infrastructure
HKMA Publishes Findings from Bank Culture Reform Initiative
24/05/2020
As a next step, the HKMA will conduct more focused reviews on retail banks’ front office in relation to the distribution of banking, investment and insurance products.
Capital / Liquidity
‘Now is the Time’ for Banks to Use Buffers: APRA, RBA
21/05/2020
APRA’s Wayne Byres and the RBA’s Philip Lowe said buffers were built up to be used in times of stress, and lower capital ratios are both expected and appropriate.
Securities / Derivatives
LCH Launches Central Clearing for Derivatives Referencing SORA
19/05/2020
The launch is heralded as a major milestone to deepen liquidity and catalyse the growth of the SORA market. StanChart was party to the first cleared derivatives trade referencing SORA.
Securities / Derivatives
HKMA, SFC to Jointly Review OTC Product Pricing at Intermediaries
19/05/2020
The thematic review will assess the spreads intermediaries charge for non-exchange traded investment products such as bonds and structured products.
AML / KYC
FSI Takes Stock of Official Sector Response to Rising Financial Crime
17/05/2020
There are trade-offs between expecting FIs to enhance or adjust their cyber resilience and AML frameworks, versus avoiding excessive burdens that could hinder the delivery of key financial services.
Market Infrastructure
EU Banking Bodies Request Delay of T2-T2S Consolidation Project
17/05/2020
The associations have cited impacts from Covid-19 and SWIFT’s decisions to delay ISO 20022 migration for cross-border payments as the primary reasons for the requested delay.
Big Picture
BIS Calls for Global Cooperation to Mitigate ‘Green Swan’ Risks
14/05/2020
More global coordination is needed to foster change in methodologies and mindsets to deal with global green swan risks, says a new BIS paper.
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