Manesh Samtani
Manesh manages the news desk and serves as an editor at Regulation Asia. He covers regulatory changes across Asia Pacific that impact banking, capital markets, asset management, and financial services more generally. Manesh is a former trader and investment consultant with a degree in Finance and Banking. manesh@regulationasia.com
Articles by Manesh Samtani
AML / KYC
AUSTRAC Launches Consultation on New AML/CTF Rules Framework
12/12/2024
This consultation covers several areas including AML/CTF programmes, risk assessments, customer due diligence and travel rule information requirements.
Securities / Derivatives
Korea Unveils Plan for Promoting Wider Adoption of KOFR
12/12/2024
10% of IRS transactions and FRN issuance by FIs in 2025 will be KOFR-based. Central clearing of KOFR-based swaps will also start in 2025.
Capital / Liquidity
FSB Issues Recommendations to Enhance Non-banks’ Liquidity Preparedness
11/12/2024
The recommendations cover liquidity risk management and governance, stress testing and scenario design, and collateral management practices.
Securities / Derivatives
RBI to Launch a New Interest Rate Benchmark Called SORR
10/12/2024
The Secured Overnight Rupee Rate will be based on market repo and tri party repo transactions, which account for 98% of overnight money market transactions.
AML / KYC
Egmont Group Offers Guidance to FIUs on Conducting NRAs
10/12/2024
New Egmont Group report discusses best practices for identifying ML/TF risks, common challenges experienced in NRAs, and strategies for ensuring success.
AML / KYC
FATF Should Recognise ‘Alternative Measures’ to Promote Inclusion
09/12/2024
The Wolfsberg Group says the FATF standards should explicitly recognise and encourage “alternative measures” such as limited-purpose account types and tailored monitoring.
Crypto / Digital Assets
Korean Securities Firms Asked to Prepare for Market Shocks
08/12/2024
BOK promised “unlimited” liquidity. FSS met with 36 securities firms. FSC activated stabilisation funds. VASP operations impacted.
Capital / Liquidity
FSB Outlines 2024 Progress on Resolution-related Work
07/12/2024
In 2024, a new global standard for CCP resolution was finalised. The FSB has published its first list of insurers subject to resolution planning standards.
Capital / Liquidity
HKMA Consults on Amendments to Hong Kong Banking Ordinance
06/12/2024
Among other things, the HKMA proposes to establish a statutory regime enabling it to exercise direct regulatory and supervisory powers over holding companies of banks.
AML / KYC
Hong Kong Banks to Extend Fraud Alerting Service to ATMs
06/12/2024
Starting from 8 December 2024, 22 participating banks will gradually implement the alert mechanism at their ATMs.
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