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
AML / KYC
RBI Mandates LEI Use for Large Payments via RTGS, NEFT
06/01/2021
From 1 April 2021, all non-individual bank customers initiating or receiving transactions over 500m rupees via the RTGS or NEFT systems will need an LEI.
Market Infrastructure
New Foreign Investment Regime Takes Effect in Australia
04/01/2021
Foreign investors are required to seek approval for all investments in sensitive national security land or businesses (including starting such a business) regardless of value.
Fintech / Regtech
BNM Opens Six Month Application Period for Digital Bank Licences
03/01/2021
Applicant must demonstrate a commitment to driving financial inclusion. Preference will be accorded to applications where the controlling interest resides with Malaysian nationals.
AML / KYC
Hong Kong Launches New Digital Identity Platform ‘iAM Smart’
02/01/2021
The SFC, HKMA, IA and MPFA are encouraging FIs to adopt iAM Smart in their businesses for customer authentication, document signing, and remote onboarding.
Fintech / Regtech
Chinese Regulators Order Ant Group to Reorganise Business
31/12/2020
Ant Group is directed to refocus on its payments business and correct regulatory violations in its credit, insurance, wealth management and asset securitisation businesses.
AML / KYC
SFC, HKMA Offer Clarity on Product Disclosure, Suitability Obligations
29/12/2020
The SFC and HKMA say firms may adopt a risk-based approach to streamline the provision of product disclosures for sophisticated or experienced investors.
Market Infrastructure
ASIC Probes Market Participants for Possible Best Execution Failures
21/12/2020
ASIC is concerned Chi-X as an alternative venue did not see more trading activity during ASX’s November outage, as would be expected given participants’ best execution duty to clients.
Market Infrastructure
MAS Consults on Proposed Notices for Outsourced Services
21/12/2020
Banks’ outsourcing agreements must include terms that grant MAS the right to audit the outsourced arrangement and obtain information from the service provider.
AML / KYC
PBOC Publishes Roadmap for Full LEI Adoption in China
18/12/2020
By end 2022, LEIs will be used in securities and derivatives trading, risk monitoring, regulatory reporting, listed company supervision and the digital yuan ecosystem.
AML / KYC
FATF Warns of Continued Criminal Exploitation of Covid-19
17/12/2020
The effective use of technology to support onboarding and ensure effective information sharing has become even more important, the FATF says.
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