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
Big Picture
BIS Paper Offers Policy Options for Regulating Bigtech
17/03/2021
Authorities are assessing whether existing regulatory approaches are fit for the purpose of regulating the financial operations of bigtechs.
Market Infrastructure
HKMA to Commence Review of Front Office Incentive Systems
17/03/2021
The review will focus on how incentive systems at 20 retail banks are designed and implemented, and how they drive behaviours of frontline staff and affect customer outcomes.
AML / KYC
UPDATED – US Federal Judge Lifts Investment Ban Against Xiaomi
17/03/2021
The judge said there was no evidence of Xiaomi sharing information with the Chinese government, and that the ban deprived the company of its right to due process.
Big Picture
DTCC Proposes Plan to Harmonise Global Trade Reporting
17/03/2021
DTCC proposes plan to eliminate cross-jurisdictional differences in trade reporting standards to boost transparency and the monitoring of systemic risk.
Securities / Derivatives
Hong Kong to Further Develop Structured Credit Markets
17/03/2021
Structured credit products can help to raise green capital from international investors to support China’s transition to its 2060 carbon neutrality target.
Capital / Liquidity
Dividend Restrictions Effective at Increasing Lending Capacity: BIS
14/03/2021
Restrictions on capital distributions in the initial phase of the Covid crisis were effective in increasing bank lending, says new analysis from the BIS.
Market Infrastructure
GFIT Taxonomy Should Recognise Efforts to Become Greener
14/03/2021
The Japanese Bankers Association says the taxonomy should support not only ‘pure green’ activities and technologies, but also efforts to ‘become green/greener’.
AML / KYC
FATF, Egmont Group Identify 35 Indicators of TBML Risk
14/03/2021
The indicators are grouped into four categories: the structure of the business, trade activity, trade documents and commodities, and account and transaction activity.
Enforcement
US Fed Threatens Supervisory Action for Slow LIBOR Work
11/03/2021
Guidance for examiners suggests supervisory actions for firms that are not ready to stop issuing LIBOR-based contracts by end-December.
Market Infrastructure
APRA to Adopt New Consultation Approach to Data Collection
11/03/2021
APRA plans a consultation process that will allow it to design its data collections in a way that will minimise friction and reduce the regulatory burden of regulated entities.
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