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. [email protected]
Articles by Manesh Samtani
Securities / Derivatives
China Works to Stablise Markets With Trading Curbs, Strong Words
06/02/2024
CSRC vowed to punish market manipulation and malicious short selling. Institutional investors were told to avoid selling and brokers to avoid forced liquidations.
Enforcement
Korea: FSS Probe Confirms Mis-selling of HSCEI-Linked ELS
06/02/2024
High-risk equity-linked securities were sold to customers who prioritised principal protection, were close to retirement, and those planning for future cancer treatments.
Fintech / Regtech
EU to Ramp Up Monitoring of BigTech Financial Services
05/02/2024
The provision of financial services by BigTechs does not yet pose a financial stability risk, but policy action may be required as these activities continue to grow.
AML / KYC
Korea Passes Amendment to Address Account Coercion Scams
05/02/2024
The amendment would make it easier for victims of account coercion scams to lift account suspensions more quickly.
Crypto / Digital Assets
Hong Kong Planning Regulatory Framework for OTC Crypto Venues
03/02/2024
Some OTC venues including physical shops played a role in fraud cases last year, said top Hong Kong official Christopher Hui.
Securities / Derivatives
China Issues Reputational Risk Management Rules for Futures Firms
02/02/2024
Futures companies are required to integrate reputational risk management across all departments, branches, subsidiaries, and staff.
Sanctions
US Sanctions Four Israelis for Violence on Palestinians
01/02/2024
These are the first sanctions targeting Israeli citizens. FinCEN also issued an alert to help FIs identify activity that finances violence against Palestinians in the West Bank.
Fintech / Regtech
Reforms Needed to Better Regulate AI: ASIC Chair
01/02/2024
ASIC is conducting a review into the use of AI in the banking, credit, insurance, and advice sectors to better understand use cases and impacts to consumers.
AML / KYC
China to Amend AML Law to Address Virtual Asset Risks
01/02/2024
Draft amendments bring virtual assets into scope. FIs would also be required to assess money laundering risks before adopting new technologies and launching new products.
Crypto / Digital Assets
Harvest Becomes First Hong Kong Applicant for Spot Bitcoin ETF
30/01/2024
Harvest Global Investments has applied to list a spot Bitcoin ETF in Hong Kong, and also plans to participate in HKMA’s stablecoin sandbox.
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