Garima Chitkara
Garima is a former contributor to Regulation Asia, focusing on Asian capital markets and banking, financial regulation, market structure, risk management and derivatives. garima@regulationasia.com
Articles by Garima Chitkara
Fraud, Scams & Cybercrime
Bank Officials Involved in Majority of Online Banking Forgeries in Bangladesh
23/11/2017
A Bangladesh Institute of Bank Management survey has found that bank officials are directly involved in 67 per cent of online banking forgeries in collusion with IT firms.
Emerging Prudential Risks
China Cracks Down on Shadow-banking Through its own ‘Dodd-Frank’
23/11/2017
Chinese regulators have released a new draft legislation to restrict financial institution activity.
KYC & CDD
Philippines Looks to Blockchain to Spur Financial Inclusion
23/11/2017
The Bankers Association of the Philippines has launched a digitisation initiative to facilitate customer identity management and verification through blockchain technology.
Payments & Settlements
MAS Launches Bill to Consolidate Payments Regulation
23/11/2017
Singapore has released a second consultation on its proposed payments regulatory framework.
Cryptocurrency
India’s Highest Court Considering Petition Calling for Bitcoin Regulation
16/11/2017
Petitioner says central bank, securities regulator refusing to take responsibility for bitcoin regulation by not defining as currency or commodity
Cybersecurity
Singapore Launches Cybercrime Centre
16/11/2017
Centre is a collaboration between FS-ISAC and MAS; will provide internship training cybercrime fighters from Temasek Polytechnic.
Anti-Money Laundering
AUSTRAC Hails Tabcorp Fine for AML/CTF Breaches
16/11/2017
Casino and gaming operator fined more than $34mn for a series of AML/CTF failures; AUSTRAC stresses management responsibility.
Sustainable Finance
Philippines Signs up to ASEAN Fund Passport Scheme; Green Bond Standards Introduced
09/11/2017
ASEAN conference also hears of plans to allow cross-border transfer of capital markets professionals without additional license requirements.
Custody & Infrastructure
Korean Firms Launch ‘World 1st’ Blockchain-based Authentication
09/11/2017
Financial Investment Association says Chain ID is a world first, authentication only has to be performed once every three years.
Cloud & Infrastructure
Thailand to Boost Fintech Use With New Law
09/11/2017
Regulator says current laws are hindering development of financial technology sector; aims to promote ‘full scale digital economy’.
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