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
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.
ESG / Sustainability
Hong Kong Launches Strategic Plan for Greener Financial Ecosystem
17/12/2020
A cross-agency steering group has announced a green and sustainable finance strategy for Hong Kong and five key action points.
Securities / Derivatives
SGX Launches New Sustainability Platform, Plans New ESG Products
16/12/2020
SGX is bringing third-party ESG ratings to Singapore listed companies and will introduce new ESG-focused investment and risk management products.
AML / KYC
No Banks Subject to HKAA Secondary Sanctions: US Treasury
13/12/2020
In a report to Congress, the Treasury said it has not identified any foreign FIs that “knowingly” conducted significant transactions with the ten individuals sanctioned in October.
AML / KYC
Australia: AML Bill Passes Senate, DNFBP Amendment Rejected
13/12/2020
An AML bill introduced last October has passed the Senate but without last month’s amendment to include real estate agents, accountants, lawyers.
Market Infrastructure
Singapore Set Out Timelines for Full Discontinuation of SIBOR
11/12/2020
The one-month and three-month SIBOR will be discontinued by end-2024. The discontinuation of the six-month SIBOR may depend on the timing of cessation of USD LIBOR.
ESG / Sustainability
China to Ease Foreign Access to Domestic Green Finance Market
11/12/2020
PBOC governor Yi Gang also said China will work to enhance its green finance standards, and explore the introduction of mandatory reporting of environmental risks by FIs.
Crypto / Digital Assets
MAS Grants DBS In-principle Approval to Set Up Digital Exchange
10/12/2020
The DBS announcement came two days after SIX and SBI Digital Asset Holdings announced plans to launch a digital asset issuance platform, exchange and CSD venue by 2022.
Market Infrastructure
SFC Provides Alternative for Compliance With Data Storage Rules
10/12/2020
The SFC will accept an undertaking from core function MICs as an alternative means of satisfying the requirement for a countersigned notice or undertaking from an EDSP.
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