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.
Fintech / Regtech
S. Korea: Internet Banks to Boost Low Credit Score Lending
30/05/2021
Internet-only banks will expand lending to mid to low credit borrowers to at least 30 percent of total lending by end-2023.
Enforcement
UPDATE: Former Adviser Jailed for Six Years in Australia
27/05/2021
Former adviser Ross Andrew Hopkins misappropriated about A$2.9mn of client funds without their knowledge over three years.
Fintech / Regtech
Taiwan to Enable Interoperability Between E-payment Providers
27/05/2021
Amendments due to take effect from 1 July will enable users of e-payment services and stored-value facilities to transfer money across platforms.
Crypto / Digital Assets
Australia: Senate Committee to Probe ‘Debanking’ of Fintechs
25/05/2021
The government needs to better understand the policy issues which may be leading to debanking so that they can be addressed, said Senator Andrew Bragg.
Taiwan Listed Companies Told to Postpone Shareholder Meetings
24/05/2021
A special regulation to combat Covid-19 will exempt Taiwan listed companies from requirements to hold shareholders’ meetings by end-June.
Bangladesh Approves Legislation Targeting Wilful Defaulters
22/05/2021
The draft amendments formally define wilful defaulters and clarify the actions that can be taken against them, including restrictions on forming new companies.
Enforcement
SEC Penalises S&P Dow Jones Indices for Disclosure Failure
22/05/2021
The SEC settled charges against S&P DJI for the dissemination of stale index values which resulted from an undisclosed quality control feature.
Market Infrastructure
Nomura to Set Up Electronic FX Trading Engine in Singapore
20/05/2021
The electronic FX pricing and trading engine will improve execution infrastructure, access to liquidity and price discovery for clients.
Securities / Derivatives
APRA Mulls Changes to Super Fund Rules on Spending, Investing
19/05/2021
APRA is considering rules that could limit super fund spending on advertising and memberships, as well as changes to the prudential standard on investment governance.
New Zealand Enhances Voluntary Retirement Savings Scheme
17/05/2021
The government has announced changes to the KiwiSaver default providers, among other changes to enhance the financial wellbeing of locals in retirement.
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