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
Sanctions Screening Short Cuts Not Worth the Risk: Refinitiv
29/01/2020
Increasingly aggressive US sanctions policies highlight the need for financial institutions to adopt and implement a sophisticated risk-based approach to compliance.
AML / KYC
Singapore’s Payment Services Act Comes Into Force
28/01/2020
The PS Act gives MAS formal supervisory powers over technology, cybersecurity and AML/CFT controls at payment services firms, including cryptocurrency and e-wallet companies.
Market Infrastructure
Australia Proposes Broad Extension of Financial Accountability Regime
24/01/2020
FAR will replace BEAR and apply to insurers, superannuation entities, financial holding companies and eventually ASIC licensees, with higher penalties for breaches.
ESG / Sustainability
BIS Calls on Central Banks to Coordinate Action on Climate Change
21/01/2020
Without coordinated action, a new global financial crisis triggered by climate change would render central banks and financial supervisors powerless.
Market Infrastructure
Trade Deal to Enable Early Entry of US Firms to China
16/01/2020
Under the agreement, the December timeline for China’s removal of foreign ownership limits in the securities sector is brought forward to April.
Market Infrastructure
HKMA Reveals Preliminary Findings from Bank Culture Assessments
16/01/2020
HKMA executive director Alan Au says banks generally agree with the need to foster sound bank culture and have been implementing a range of culture enhancement initiatives.
Market Infrastructure
ISDA Chief Calls for Certainty on China Close-out Netting
16/01/2020
The lack of legal certainty and judicial recognition on close-out netting can impede capital market development in China, impacting domestic FIs the most, ISDA’s Scott O’Malia said.
ESG / Sustainability
Singapore Launches New VCC Framework for Funds
15/01/2020
To mark the launch, 20 investment funds have established or re-redomiciled in Singapore as VCCs. To encourage adoption, MAS will fund up to 70% of eligible expenses to set up a VCC.
Fintech / Regtech
UK Digital Regulatory Reporting Pilot Completes Phase Two
10/01/2020
Phase two of the DRR pilot highlighted the importance of agreed data standards. An appropriate solution for producing machine-executable regulation has not yet been identified.
Enforcement
SGX RegCo Adopts Risk-Based Approach to Quarterly Reporting
10/01/2020
A new risk-based approach to quarterly reporting and stronger continuous disclosure requirements will apply from 7 February. The new whistleblowing office has also been established.
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