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
AML / KYC
ACAMS 2018: HKMA Calls on Financial Industry in Fight Against Crime
26/04/2018
Deputy chief Arthur Yuen highlighted technological innovation, increased information sharing and the application of a risk-based approach as the key issues to implementing effective AML systems.
Securities / Derivatives
China Launches Pilot to Enable Trading of Restricted H-Shares
24/04/2018
Founding and controller shareholders of HK-listed Chinese companies will be able to convert non-tradable stock into ordinary H-shares, starting with Legend Holdings.
Enforcement
Australia Toughens Criminal, Civil Penalties for Misconduct
22/04/2018
Criminal offences can result in 10 years imprisonment or $725,000 for individuals; or the larger of $7.25 million, 3 times the benefits, or 10% of annual turnover for companies.
Big Picture
APAC Firms Failing at Cyber Breach Detection – Report
22/04/2018
Asia Pacific firms take over 16 months to detect breaches, compared to over three months globally; over 35 months if breaches detected by external parties.
Market Infrastructure
‘Significant’ Governance Progress from Australian Banks – McPhee Report
20/04/2018
Key initiatives introduced at banks include customer advocacy programmes, whistleblower protection policies and conduct background checks to stamp out staff with poor behaviour records.
Enforcement
ASIC Seeks Powers to Hasten Bank Remediation
20/04/2018
Australian banks take on average over 4 years to identify misconduct, over 4 months to report it, over 7 months post-investigation to compensate customers.
Fintech / Regtech
Hong Kong Work Plan Includes Incentives for Fund Industry
20/04/2018
Government reviewing and enhancing existing tax concession arrangements for fund industry; HKMA to launch real-time payments, issue virtual bank licences this year.
Enforcement
Australia Royal Commission Finds AMP Repeatedly Deceived Regulator
19/04/2018
Wealth manager AMP covered up for years a policy of charging customers fees for advice they never received; sought to influence “independent” review into the practice to protect executives.
Capital / Liquidity
Japan, China Urge EU Regulators to Relax Foreign D-SIB Rules
16/04/2018
Joint letter from Japan, China banking associations say €30bn IPU threshold will make provision of financial services in the EU unsustainable for member banks.
Enforcement
S.Korea Launches Bribery Probe into New FSS Chief
15/04/2018
Prosecutors on Friday raided KRX and Woori Bank, two of the institutions that allegedly paid for Kim Ki-sik’s 2014 an 2015 overseas trips.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team