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
PEPs & Sanctions
Biden Executive Order Amends, Clarifies China Blacklist
04/06/2021
The revised EO is clearer, addresses many of the problem areas in the old EO, and is more enforceable, says Nick Turner at Steptoe & Johnson.
Structural Regulation
CBIRC Green-lights Ant Group Consumer Finance Unit
04/06/2021
Ant will hold a 50% stake in the new unit, which forms a key part of the restructuring that was ordered to resolve regulatory concerns.
Trading & Investment
Singapore Seeks to Enhance VCC Fund Structure
04/06/2021
The enhancements will expand the types of investors that can use the VCC and ease conversion and redomiciliation processes.
Trading & Investment
Hong Kong Passes Bill to Increase Stamp Duty on Stock Trades
03/06/2021
HKEX has asked market participants to prepare their systems in preparation for the 1 August stamp duty increase.
Operational Risk
SFC, HKMA Instruct Regulated Firms to Promote Vaccinations
03/06/2021
The SFC says vaccinations are a critical part of operational risk management. The HKMA is requiring banks to submit a list of unvaccinated staff.
Trading & Investment
PBOC Issues Guidance on USD Loans Ahead of LIBOR Cessation
02/06/2021
Guidance was issued on the terms that should be included in new and old contracts referencing USD LIBOR as well as in new contracts referencing SOFR.
Anti-Money Laundering
China to Broaden Scope of AML Law, Raise Penalties
02/06/2021
The draft law brings into scope non-bank financial institutions as well as property developers, accounting firms and precious metal dealers.
PEPs & Sanctions
Addressing Sanctions Risk in Maritime Trade
02/06/2021
Banks facilitating transactions involving maritime trade must put in place systems and processes to detect illicit activity that could result in a breach of sanctions regulations.
Market Abuse
ASIC Outlines Expectations on Activist Short Selling
02/06/2021
Activist short selling can have a positive impact on market integrity, however it can also unduly distort the price of a target entity’s securities, ASIC says.
Fraud, Scams & Cybercrime
Interpol Concludes APAC Operation Targeting Online Financial Crime
02/06/2021
The six-month operation led to 585 arrests, more than 1,600 bank account freezes, and the interception of USD 83 million in illicit funds.
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