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
Capital / Liquidity
Amended Bank Liquidity Rules to Take Effect 1 Jan: HKMA
01/07/2019
The amendments expand the scope of HQLA recognisable as “level 2B assets” under the LCR and introduce a 5% stable funding requirement on total derivative liabilities under the NSFR.
AML / KYC
Hong Kong Welcomes FATF ‘Overall Compliant’ Result
01/07/2019
According to a government statement, Hong Kong was found to be particularly effective in the areas of risk identification, law enforcement, asset recovery, counter-terrorist financing and international co-operation.
AML / KYC
SFC Enables Technology Approach for Overseas Client Onboarding
01/07/2019
From 5 July, intermediaries can access embedded data in client identity documents for onboarding. Captured biometric data such as a facial image can be used for identity verification.
Securities / Derivatives
PBOC Allows Large Brokers to Take on More Debt
26/06/2019
Brokers will be allowed to issue more debt to maintain liquidity in the interbank market. But some say the liquidity crunch is a normal process to restore risk control and force out bad players.
Capital / Liquidity
Japan Opposes LCR for US Branches of Foreign Banks
26/06/2019
The BOJ, FSA and JBA say standardised liquidity requirements for US branches of foreign banking organisations will promote market fragmentation and create global risks.
Big Picture
Buy-Side to Provide Stability in Bond Market Stress: IOSCO
24/06/2019
Intermediaries and banks are less likely to provide liquidity during times of stress because of post-crisis changes in regulation and risk appetite.
AML / KYC
FATF Adopts Global AML/CTF Standards for Crypto Activity
24/06/2019
The FATF has established binding obligations for countries and virtual asset service providers to comply with AML/CTF standards to prevent the misuse of virtual assets.
Market Infrastructure
ASIFMA Standardises Underwriter Documentation for Hong Kong IPOs
24/06/2019
The initiative will promote efficiency and reduce costs and legal risks by offering standardised forms for agreements among underwriters and between underwriting syndicates.
Market Infrastructure
Culture is Being Approached from the ‘Wrong Angle’
20/06/2019
The risk culture expert ASIC engaged to observe bank boardrooms says the approach of judging culture moralistically needs to shift to a more proactive approach that assesses risk.
Fintech / Regtech
HSBC Scraps Fees Ahead of Virtual Bank Launches
20/06/2019
HSBC will remove below-balance, counter transaction and annual fees for most personal savings accounts as it braces for incoming competition from newly approved virtual banks.
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