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
AML / KYC
S.Korea to Inspect Banks’ Crypto Dealings for AML Compliance
26/03/2018
FSS and KoFIU will check on implementation progress of AML guidelines; examine corporate accounts belonging to crypto exchanges.
Fintech / Regtech
Australia, UK to Enable Cross Market Sandbox Participation
25/03/2018
Under the enhance cooperation agreement, the FCA and ASIC will speed up cross-market authorisations and testing for innovative businesses.
Capital / Liquidity
Basel Committee Revises Capital Rules Under FRTB
25/03/2018
Proposals include enhanced risk sensitivity and reduced risk weights for standardised approach; eased assessment process for internal models.
Fintech / Regtech
Thailand Banks on Blockchain
22/03/2018
Central bank plans adoption of blockchain for interbank settlements, bond issuance; leading banks launch joint initiative on blockchain based letters of credit.
Fintech / Regtech
S.Korea Moves to Support Fintech Through Sandbox Approach
22/03/2018
FSC to exempt approved fintechs from regulations, encourage the use of such new technologies including blockchain.
Market Infrastructure
Systemically Damaging Cyber-attack Inevitable – DTCC
21/03/2018
White paper calls for industry collaboration to develop common response and recovery standards and contingencies to mitigate impending attack.
Crypto / Digital Assets
South Korean Crypto Exchanges Raided in Embezzlement Probe
20/03/2018
Staff and executives at three exchanges allegedly siphoned customer deposits to buy cryptocurrency on other platforms.
AML / KYC
Supervisory Flaws Hurting Remittance Providers – FSB
19/03/2018
Report says AML/CTF and other supervisory shortfalls limit remittance providers’ access to banking services; makes 19 recommendations to address barriers.
AML / KYC
FSB Reports Progress on Correspondent Banking Decline
19/03/2018
Report discusses strengthening due diligence tools to support correspondent banking relationships and improved monitoring.
AML / KYC
Money 20/20: MAS Speaks Out on Crypto Risks, Blockchain
17/03/2018
In a speech at Money 20/20 Asia, MAS managing director Ravi Menon spoke about the promise of blockchain technology and containing cryptocurrency risks; AML/CTF risks present a “clear and present danger”.
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