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
Anti-Money Laundering
FinCEN to Tighten Rules on Beneficial Ownership, Real Estate Deals
09/12/2021
The proposed rules are aimed at protecting the US financial system from money laundering enabled by shell companies and all-cash real estate deals.
Climate Risk
HKMA Shares ‘Sound Practices’ in Bank Climate Strategies
09/12/2021
Banks are “strongly encouraged” to enhance their green and sustainability programmes to encompass climate risk management and the sound practices.
DeFi & Web3
DeFi Governance Structures Provide Entry Points for Regulators: BIS
07/12/2021
DeFi’s inherent governance structures would provide “natural entry points” for authorities to address issues related to financial stability, investor protection and illicit activities.
Credit Risk
Chinese Regulators Respond to Evergrande Default Fears
06/12/2021
Government officials have been dispatched to China Evergrande Group to form a risk management committee to oversee risk management and strengthen internal controls.
Climate Risk
Taiwan Issues Climate Risk Disclosure Guidelines for Banks, Insurers
05/12/2021
The first disclosures are expected to be published by the end of June 2023, covering governance, strategy, risk management, and metrics and targets.
PEPs & Sanctions
Australian Parliament Approves Magnitsky-style Sanctions Law
05/12/2021
The legislation will allow Australia to address gross human rights violations, serious corruption, malicious cyber activity, among other themes.
Credit Risk
CBIRC Issues Clarification on Close-out Netting Enforceability
02/12/2021
The CBIRC seeks to clarify the enforceability of close-out netting in China, saying the labelling of the country as a “non-netting jurisdiction” has harmed its financial institutions.
Anti-Money Laundering
Environmental Crime, A Global Security Issue
01/12/2021
Interpol’s Rory Corcoran says environmental crime is funding global terrorism and organised crime, while also impacting the sustainability agenda.
Reporting & Disclosures
Hong Kong SFC Targets Adoption of Global ESG Standards
01/12/2021
Chairman Tim Lui says the SFC is currently evaluating ESG disclosures “much more closely” and looking for more ways to reduce opportunities for greenwashing.
Payments & Settlements
HKEX Issues Update on FINI Operational Arrangements
01/12/2021
HKEX provides key operational arrangement updates for FINI in a new information pack, including the onboarding requirements for market participants.
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