Manesh Samtani
Manesh manages the news desk and serves as an editor at Regulation Asia. He covers regulatory changes across Asia Pacific that impact banking, capital markets, asset management, and financial services more generally. Manesh is a former trader and investment consultant with a degree in Finance and Banking. manesh@regulationasia.com
Articles by Manesh Samtani
Enforcement
New Chief of S.Korea’s FSS Targets Bank Profiteering from Predatory Lending
05/04/2018
New FSS chief to protect investors and root out irregularities by targeting predatory lending, bank profit structures, family-run conglomerates.
Fintech / Regtech
GFMA Publishes Common Approach for Cyber Penetration Testing
05/04/2018
New penetration testing framework establishes process for industry-wide cross-jurisdictional coordination on development and use of existing frameworks.
AML / KYC
New Rules for Australian Crypto Exchanges Take Effect
05/04/2018
Exchanges must register with AUSTRAC, adopt AML/CTF programme, verify customer identities, report suspicious transactions, maintain seven years of records.
Capital / Liquidity
Bangladesh Grants Lifeline to Private Banks Amid Liquidity Crisis
03/04/2018
Government cuts cash reserve requirement to free up 100 billion takas, allows state agencies to boost deposits at private commercial banks.
Crypto / Digital Assets
Report Suggests China May Support Global Crypto Regulation
03/04/2018
PBOC’s Institute of International Finance says China would actively participate in a G20-led effort to establish a global regulatory framework.
Market Infrastructure
Malaysia Foils Cyber Attack Involving Falsified SWIFT Messages
01/04/2018
Unauthorised transactions were prevented by central bank, no financial losses occurred; near breach prompts increased vigilance in the Philippines.
Crypto / Digital Assets
Thailand Finalises Cryptocurrency Tax Framework
30/03/2018
Cryptocurrency trades to be subject to 7 percent value added tax and 15 percent capital gains tax; fintech association chair says move may drive startups overseas.
Enforcement
Royal Commission Exposes Multiple Lending Practice Failures at Big Four
29/03/2018
Public inquiry’s first round of hearings reveals multiple failures at ‘big four’ banks to lend in customers’ best interests.
Fintech / Regtech
BOJ-ECB Study Identifies DLT Applications for Securities Settlement
29/03/2018
Project Stella phase two study suggests distributed ledger technology offers novel approach for cash settlement of securities, but requires further study.
Securities / Derivatives
China Launches Crude Oil Futures
27/03/2018
Foreign investors allowed to participate in China’s futures market for the first time; foreign currencies to be used for margin deposits to facilitate foreign participation.
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