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
Market Infrastructure
MAS Consults on Mandatory Cybersecurity Requirements for FIs
07/09/2018
Proposed measures aim to enhance system and network security and protect against unauthorised use of system accounts with extensive access privileges.
Capital / Liquidity
ASIC Releases New Rules on Responsible Credit Card Lending
06/09/2018
Credit card providers will need to assess the suitability of new cards and credit limit increases based on consumers’ ability to repay in full within a three year period.
ESG / Sustainability
FundForum: Nurturing Growth in Hong Kong’s Asset Management Sector – SFC
06/09/2018
The SFC’s Alexandra Yeong says Hong Kong has made great strides towards becoming a global centre for asset management.
Enforcement
Westpac to Pay Record A$35mn for ‘Responsible Lending’ Breach
05/09/2018
Westpac Bank’s automated credit assessment system approved 10,500 home loans between 2011 and 2015 which should not have been automatically approved; the system has since been upgraded.
Market Infrastructure
ASX Defers CHESS Replacement by Six Months to Ensure Readiness
05/09/2018
ASX deferred the earliest go-live date for new DLT-based system to target March-April 2021; will provide additional six months for user development and testing, industry testing and accreditation.
Market Infrastructure
Regulatory Coordination Needed to Reduce Inefficiencies in APAC – Report
05/09/2018
With regulation continuing to play a prominent role in Asia over the next five years, China’s Belt and Road initiative is likely to drive increased coordination between the region’s regulators, says a new report from Broadridge and Kapronasia.
Market Infrastructure
China Issues Draft Rules on Shanghai-London Depository Receipts
03/09/2018
CSRC solicits public comments on rules for SSE- and LSE-listed firms issuing depository receipts in each other’s markets through Shanghai-London Stock Connect, set to launch later this year.
Big Picture
Fund Managers Cite Data, Regulation as Major Challenges – State Street
30/08/2018
New research from State Street has identified access to distribution data as a major challenge for asset managers; understanding the impact of local regulation on strategy the biggest challenge for product launches.
Market Infrastructure
Aussie Banks Move to Reform Mortgage Broking Sector
30/08/2018
Volumed-based bonus payments for mortgage brokers and other incentives to be abolished; new industry code of conduct prioritising customers’ interests expected by year-end.
Fintech / Regtech
Nikko Set to Enter New Zealand’s Robo Advice Market
29/08/2018
New Zealand’s FMA has granted an exemption allowing Nikko to enter the robo-advice market; new digital platform to be launched later this year.
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