Posts By Ranamita Chakraborty, Regulation Asia
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26NPP Australia Implements Data-Rich Messaging Standards
Ranamita Chakraborty, Regulation Asia May 6, 2021NPP participating FIs can receive payment messages formatted with additional defined data elements for payroll, tax, superannuation and e-invoicing.
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31BSP Expects New Digital Banks to Launch in H2 2021
Ranamita Chakraborty, Regulation Asia May 6, 2021The BSP has received four applications for digital bank licences, including two from thrift banks that wish to convert their existing licences.
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42BSP Extends Regulatory Relief for Banks Pending ‘FIST’ Rescue
Ranamita Chakraborty, Regulation Asia May 6, 2021The BSP has extended the higher single borrower limit and relief on loan classification, pending full operationalisation of the FIST Act.
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92Singapore Court Jails Former CFO for Loan Fraud
Ranamita Chakraborty, Regulation Asia May 5, 2021The former CFO of Coastal Oil Singapore conspired with three colleagues to deceive 8 banks into disbursing over $300mn in loans.
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29Australia Consults on New Requirements for Proxy Advisers
Ranamita Chakraborty, Regulation Asia May 5, 2021The Treasury is proposing that proxy advisers be required to obtain an AFS License, among other requirements aimed at increasing transparency.
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53Australia Enhances Super Fund Performance Test in Draft Bill
Ranamita Chakraborty, Regulation Asia May 5, 2021Industry bodies broadly support the inclusion of administrative fees in the performance test, though an extra one million super accounts could fail the test as a result.
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46ASIC Finds Client Detriment in Review of IOOF Licensees
Ranamita Chakraborty, Regulation Asia May 3, 2021In a statement, IOOF said that the advice file reviews highlighted by ASIC were already part of its existing remediation programmes of work.
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58RBNZ Calls on Banks to Avoid De-risking Pacific Island Nations
Ranamita Chakraborty, Regulation Asia May 3, 2021The RBNZ and RBA are working with Pacific Island nations to develop a regional KYC facility, to support businesses in meeting their compliance obligations.
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Australia: Treasury to Merge Quality of Advice, Life Insurance Reviews
Ranamita Chakraborty, Regulation Asia May 1, 2021Rather than conducting two separate reviews, the quality of advice review will also consider the Life Insurance Framework as part of its wider mandate.
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RBNZ, RBA, Bank of Canada Form Network to Foster Indigenous Inclusion
Ranamita Chakraborty, Regulation Asia May 1, 2021Other central banks are encouraged to join the network, which will serve as a community of practice to share knowledge and foster indigenous inclusion.
