
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
Crypto / Digital Assets
Japan FSA Probes $60mn Hack at Crypto Exchange
24/09/2018
About two-thirds of the stolen cryptocurrency belonged to customers of the exchange platform Zaif, which will receive a cash infusion from Fisco Digital Asset Group to help repay them.
Fintech / Regtech
South Korea Designates Fintechs as Agents for Financial Institutions
21/09/2018
Nine designated fintech firms will be allowed to provide services to customers for up to two years, testing their services as agents of partnering financial institutions.
Market Infrastructure
SGX Shareholders Voice Concerns Over Regulatory Powers
21/09/2018
Despite robust profits and extensive expansion plans announced at its AGM, SGX was criticised for not doing enough to protect minority shareholders.
Capital / Liquidity
Majority of Banks Unprepared for FRTB’s 2022 Deadline – Report
20/09/2018
An IHS Markit survey of 34 banks in North America, Europe and Australia suggests the industry needs to move more quickly to get their target risk architectures for FRTB in place by 2022.
Market Infrastructure
High Speed Markets a Challenge for Central Banks
20/09/2018
Modern market infrastructure and the volumes of data they bring present a challenge to central banks in the way they monitor markets to fulfil their mandates.
Securities / Derivatives
SEBI Imposes New Caps on Mutual Fund Fees
19/09/2018
The new caps link total expense ratios to assets under management, in a bid to pass on the benefits of scale to investors and improve transparency in the industry.
Market Infrastructure
MAS Simplifies Mobile Payments with Unified Payment QR Code
18/09/2018
The SGQR combines multiple payment QR codes into a single SGQR label, to be rolled out across Singapore over the next six months.
Securities / Derivatives
Chinese Brokers Receive Lukewarm Response from Expat Investors
18/09/2018
Foreign nationals in China can now open trading accounts at local brokerages, but so far brokers and investors appear unenthusiastic, say reports.
Market Infrastructure
HKMA Launches Faster Payment System, Common QR Code
18/09/2018
New payment system connects banks and stored-value facility operators to enable instant payments in Hong Kong dollar and renminbi.
Market Infrastructure
UnionPay Extends Reach into Hong Kong, Macau, Europe
17/09/2018
UnionPay launches mobile payments in Hong Kong and Macau, among other tie-ups in Singapore, France and the UK.
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