Posts By Ranamita Chakraborty
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306BOJ Warns of Higher Credit Costs, Market Risks
Ranamita Chakraborty October 28, 2021In its financial system report, the BOJ said the delayed economic recovery is raising credit risks, particularly in the highly-leveraged real estate sector.
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228RBI Orders Banks to Report Data on Borrower Relationships
Ranamita Chakraborty October 27, 2021The RBI said it has observed "a low level of relationship segment details" in the databases of credit information companies.
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283Australia Empowers ASIC as Financial Advice Disciplinary Body
Ranamita Chakraborty October 26, 2021Parliament has passed legislation enabling an ASIC panel to become the sole disciplinary body for financial advisers from January 2022.
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306Singapore Court Charges Property Agent for Failing to File STR
Ranamita Chakraborty October 26, 2021The agent collected a bag of cash for a property purchase. It was later discovered that the purchaser was an undischarged bankrupt and operated illegal gambling dens.
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RBI Extends Basel III Rules to All India Financial Institutions
Ranamita Chakraborty October 26, 2021EXIM Bank, NABARD, NHB and SIDBI are increasingly seen as key institutions for promoting the flow of credit to certain economic sectors.
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251Singapore Court Fines Man for Falsifying North Korea Invoices
Ranamita Chakraborty October 26, 2021The business dealings were not in violation of sanctions regulations but the falsification of invoices to conceal them from banks has resulted in a S$210,000 fine.
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246APRA Postpones Implementation of Updated ARS 720.1
Ranamita Chakraborty October 21, 2021Delaying the commencement will provide ADIs with more time to make transition to the updated standard, APRA said.
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443Vietnam: SBV Seeks New Law on Bad Debt Resolution
Ranamita Chakraborty October 12, 2021The law is needed to replace 'Resolution 42', which enabled the transparent sale of bad debts and collateral, but is due to expire next year.
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596Japan FSA to Mandate Climate Disclosures from April 2022 – Report
Ranamita Chakraborty October 11, 2021Companies listed on the TSE's 'Prime' market will be required to comply with mandatory climate risk disclosure requirements first.
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247Singapore Woman Admits to Receiving Criminal Proceeds
Ranamita Chakraborty October 11, 2021On instructions from a man she met online, a secretary of a law firm opened bank accounts that were used to receive funds stolen from a Botswana bank.
