Posts By Ranamita Chakraborty, Regulation Asia
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5Malaysian Regulators Ask Auditors to Up Their Game
Ranamita Chakraborty, Regulation Asia August 5, 2021Audit engagements which required further evaluation and investigation in 2020 were found to have weak auditing procedures and lacked professional scepticism.
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35ASIC Offers Guidance on Deferred Sales Model for Add-on Insurance
Ranamita Chakraborty, Regulation Asia August 2, 2021Starting on 5 October, a four-day pause will be introduced between the sale of a principal product or service and the sale of add-on insurance.
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27AIA New Zealand Faces Penalty for Misleading Customers
Ranamita Chakraborty, Regulation Asia August 2, 2021AIA's remediation process is complete and it has reviewed its systems and processes to make sure the breaches did not recur.
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46ASX Launches Compression Service for OTC Derivatives
Ranamita Chakraborty, Regulation Asia July 30, 2021In recent years, demand for compression services has risen as market participants look to lower capital costs associated with balance sheet-intensive derivatives.
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174BIS, MAS Set Out Blueprint for Cross-border Payments
Ranamita Chakraborty, Regulation Asia July 29, 2021BIS Innovation Hub Singapore Centre and MAS have published a blueprint that could make real-time cross-border payments a reality in the next two to four years.
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ASIC Faces Pushback for Higher Financial Advice Levies
Ranamita Chakraborty, Regulation Asia July 29, 2021The FPA says the formula ASIC uses to estimate the industry funding levy for financial planners is not equitable or sustainable and must be reviewed immediately.
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94MAS to Review Liability Framework for Card Scams by Year-end
Ranamita Chakraborty, Regulation Asia July 28, 2021The Singapore police received 89 reports of fraudulent card transactions performed with SMS OTPs between September 2020 and February 2021.
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58RBNZ Drafts Interim Solvency Standard to Account for IFRS 17
Ranamita Chakraborty, Regulation Asia July 27, 2021The inclusion of risk adjustments in insurance liabilities is expected to increase capital requirements for life insurers.
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135BOJ Sets Out Strategy to Address Climate Change
Ranamita Chakraborty, Regulation Asia July 26, 2021A measure will be introduced enabling FIs to receive funds from the BOJ against investments or loans made in support of efforts to address climate change.
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73ASIC to Update Guidance on Anti-hawking Regime
Ranamita Chakraborty, Regulation Asia July 23, 2021The updated guidance reflects the reforms which consolidate three existing hawking prohibitions into a ban covering all financial products.
