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
Securities / Derivatives
SGX RegCo Raises Audit, Valuation Standards for Listed Firms
12/01/2021
Primary-listed issuers must appoint an ACRA-registered auditor, and only use property valuers that meet certain qualification criteria.
AML / KYC
Singapore Money Remittance Sector Poses High TF Risk: MAS
11/01/2021
Singapore’s money remittance sector poses the highest risk of being exploited for terrorism financing, followed by the banking sector.
AML / KYC
China Issues New Rules to Protect from Foreign Sanctions
11/01/2021
Global businesses that comply with sanctions deemed illegal by MOFCOM can be sued for compensation in Chinese courts.
Sanctions
US Banks to Delist Hong Kong Listed Structured Products
11/01/2021
The move is said to be a direct result of a prohibition on US persons from purchasing shares in companies identified to be linked to the Chinese military.
Market Infrastructure
ASIFMA, Ashurst Issue Report on APAC Readiness for IBOR Transition
07/01/2021
Market participants identified a lack of standardisation, harmonisation and consensus between different jurisdictions and asset classes as a key area of concern.
Securities / Derivatives
HKEX Outlines Next Steps for VCM, POS Enhancements
07/01/2021
Phase 2 VCM enhancements will occur in March 2021 in the securities market. VCM and POS enhancements will be applied to the derivatives market in Q2 2021.
AML / KYC
RBI Mandates LEI Use for Large Payments via RTGS, NEFT
06/01/2021
From 1 April 2021, all non-individual bank customers initiating or receiving transactions over 500m rupees via the RTGS or NEFT systems will need an LEI.
Market Infrastructure
New Foreign Investment Regime Takes Effect in Australia
04/01/2021
Foreign investors are required to seek approval for all investments in sensitive national security land or businesses (including starting such a business) regardless of value.
Fintech / Regtech
BNM Opens Six Month Application Period for Digital Bank Licences
03/01/2021
Applicant must demonstrate a commitment to driving financial inclusion. Preference will be accorded to applications where the controlling interest resides with Malaysian nationals.
AML / KYC
Hong Kong Launches New Digital Identity Platform ‘iAM Smart’
02/01/2021
The SFC, HKMA, IA and MPFA are encouraging FIs to adopt iAM Smart in their businesses for customer authentication, document signing, and remote onboarding.
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