Manesh Samtani
Manesh Samtani is Editor at Regulation Asia, where he leads the editorial and research teams from Hong Kong. His work examines how regulatory change and technology are reshaping banking and financial markets, with a particular focus on digital assets, financial crime and sanctions. Manesh is a former securities industry practitioner and holds a bachelor's degree in finance and banking. [email protected]
Articles by Manesh Samtani
Anti-Money Laundering
AUSTRAC Commences Court Proceedings Against Star Casinos
01/12/2022
Star Sydney and Star Queensland breached one section of the law 1,189 and 325 times, respectively. Both are accused of “an innumerable number” of other breaches.
Capital Adequacy
BOE Confirms Planned Approach to Basel III Implementation
30/11/2022
The BOE says its approach is consistent with the “vast majority” of major financial jurisdictions, with “appropriate but limited” adjustments for the UK market.
Capital Adequacy
MAS Plans to Adopt BCBS Risk Weights for Cryptoassets
30/11/2022
MAS will require Singapore banks to apply a 1250% risk weight for exposures to Bitcoin and Ether, pending the finalisation of the BCBS framework.
Data Privacy
Australia Passes Bill Raising Penalties for Privacy Violations
29/11/2022
The legislation also amends the extraterritorial jurisdiction of the Privacy Act to bring into scope foreign firms conducting business in Australia.
Data Privacy
Hong Kong Launches Platform to Accommodate Multiple CRAs
29/11/2022
The Credit Reference Platform is a key step towards introducing multiple CRAs in Hong Kong, a plan set into motion by TransUnion’s 2018 data breach.
KYC & CDD
EU States Start Closing Access to Beneficial Owners Registers
28/11/2022
Luxembourg, Netherlands, Belgium, Austria and Malta have closed public access to their beneficial ownership registers following an EU Court of Justice ruling.
Data Privacy
India Publishes New Data Protection Bill for Consultation
25/11/2022
The bill will ease India’s data localisation requirements, allowing data fiduciaries to transfer personal data to countries that are approved by the government.
Payments & Settlements
ZA Bank, Wise Partner to Offer International Remittances
24/11/2022
ZA Bank will offer a “hassle-free service to users, without worrying about any foreign exchange markup, hidden charges and transfer progress.”
Structural Regulation
UK FCA Publishes Consultation on Synthetic USD LIBOR
24/11/2022
The FCA proposes that the 1-, 3- and 6-month USD LIBOR settings will be published under a synthetic methodology until end September 2024.
Structural Regulation
ASIFMA Offers Recommendations for Korean Capital Markets
23/11/2022
ASIFMA offers three recommendations to further strengthen Korea’s capital markets and improve access for global institutional investors.
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