Ranamita Chakraborty
Ranamita is a Singapore-based reporter with over five years of experience in journalism, content writing and public relations. She holds a Master's degree in International Relations from RSIS, NTU Singapore and a Bachelor of Communication degree from Murdoch University, Australia.
Articles by Ranamita Chakraborty
Capital / Liquidity
RBNZ Consults on Draft Deposit Takers Act Legislation
09/12/2021
The Depositor Compensation Scheme will protect up to NZD 100,000 per depositor, per licensed deposit taker, and is expected to be operational in late 2023.
AML / KYC
Police Arrest 1,000 in Interpol Operation Targeting Online Fraud
01/12/2021
The operation was used to test a new worldwide stop-payment mechanism which Interpol plans to fully embed in police communication channels next year.
Capital / Liquidity
RBNZ Calls for Risk Governance Improvements at Westpac NZ
26/11/2021
An independent report found issues were acknowledged by the board for several years but they were not given due attention or effective remediation.
APRA Seeks Information from Super Trustees on Financial Resilience
22/11/2021
APRA has issued a discussion paper seeking to better understand current and emerging approaches for managing financial resources.
Capital / Liquidity
Vietnam Banks Rush to Raise Capital for Basel Requirements – Report
19/11/2021
The SBV has approved proposals for several state-owned and private banks to increase their charter capital.
AML / KYC
S. Korea Targets Illicit Overseas Purchases of Real Estate
18/11/2021
The Korea Customs Service will establish mechanisms targeting the sources of funds used by foreign residents for domestic real estate purchases.
APRA Finalises New Standards on Insurance in Superannuation
16/11/2021
In preparation for the 1 July 2022 effective date, APRA “encourages trustees to reassess their insurance arrangements and strategy, risk and compliance frameworks”.
AML / KYC
US Treasury Sanctions Cambodian Officials for Corruption
13/11/2021
Businesses in Cambodia are warned to “be mindful of interactions with entities in corrupt business practices, criminal activities and human rights abuses”.
Westpac Advances Progress on Risk Governance Improvements
13/11/2021
Westpac CEO Peter King says the bank is already seeing culture improvements and benefits through reduced complexity and improved accountability.
Market Infrastructure
India’s CDSL Exposes Data from 44 Million Investors – Reports
13/11/2021
Information security consultant CyberX9 said CDSL took seven days to fix the initial vulnerability when it could have been fixed within two hours.
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