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
US Designates Four More Companies as Linked to Chinese Military
06/12/2020
US investors will be prohibited from buying securities issued by the four companies, which include CNOOC and SMIC, from 1 February 2021.
Fintech / Regtech
HKMA, PBOC Prepare for Cross-border Testing of Digital Yuan
06/12/2020
The HKMA is also exploring options to leverage the FPS to enable instantaneous cross-border payments, according to chief executive Eddie Yue.
Fintech / Regtech
MAS Awards Licences to Four Digital Bank Applicants
06/12/2020
The licences were awarded to the Grab-Singtel consortium, a Sea Limited subsidiary, an Ant Group entity, and a consortium formed by a Chinese property giant.
Market Infrastructure
Hong Kong to Introduce Corporate Rescue Regime Next Year
03/12/2020
Shareholders, secured creditors, unsecured creditors and employees of distressed companies will all end up with better outcomes under the proposed corporate rescue procedure.
Securities / Derivatives
CSRC Investigates SOE and Auditor Over Bond Default
03/12/2020
SOE defaults could pave the way for increased transparency, faster resolutions and more predictable outcomes for investors in the long run.
Big Picture
MAS Urges Underwriting Prudence as Credit Risks Rise
03/12/2020
Banks should maintain prudent credit underwriting standards and continue to actively manage foreign currency risks, MAS says in its financial stability review.
Market Infrastructure
MAS Proposes to Make Data Breach Offences Compoundable
03/12/2020
MAS would be able to take tougher actions against breaches that do not meet the threshold of a criminal prosecution but call for stronger penalties.
AML / KYC
The Increasing Reliance on Data for Sanctioned Securities Screening
02/12/2020
The onus often falls on FIs to uncover any links between sanctioned entities and potentially related securities, which can involve a significant data challenge.
Market Infrastructure
MAS Revises Anti-commingling Framework For Banks
02/12/2020
MAS has prescribed a list of permissible non-financial businesses to ensure banks are not engaging in “high-risk non-financial business that do not bring strategic value to its core banking business”.
Market Infrastructure
Some USD LIBOR Settings May Continue Past End-2021
01/12/2020
ICE Benchmark Administration intends to continue publishing some tenors of USD LIBOR until end-June 2023, which could allow time for most legacy contracts to mature.
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