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
Enforcement
Samsung Securities Dividend Error Prompts Industry Wide Probe
12/04/2018
The firm mistakenly paid out dividends worth 33 times its market cap; FSS will inspect how unauthorised ‘ghost stocks’ were sold by employees.
Market Infrastructure
CPMI-IOSCO Issues Technical Guidance on OTC Derivatives Data
12/04/2018
Guidance excludes UTI and UPI standards, includes parameters for how data should be reported rather than specific regulatory requirements.
AML / KYC
Japan Proposes Regulatory Framework to Legalise ICOs
09/04/2018
Government-backed research group proposes rules for identifying investors, preventing money laundering and protecting equity and debt holders.
Crypto / Digital Assets
India Bars Banks from Cryptocurrency Dealings
07/04/2018
Reports suggest banks will have three months to comply; central bank meanwhile explores feasibility of state-backed digital currency.
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.
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