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
Australian Banks Face Backlash for Refusal to Finance Coal, Mining
06/05/2021
Small business ombudsman Bruce Billson is seeking powers to compel banks to “show cause” for decisions to refuse services to companies.
Fintech / Regtech
NPP Australia Implements Data-Rich Messaging Standards
05/05/2021
NPP participating FIs can receive payment messages formatted with additional defined data elements for payroll, tax, superannuation and e-invoicing.
Fintech / Regtech
BSP Expects New Digital Banks to Launch in H2 2021
05/05/2021
The BSP has received four applications for digital bank licences, including two from thrift banks that wish to convert their existing licences.
Capital / Liquidity
BSP Extends Regulatory Relief for Banks Pending ‘FIST’ Rescue
05/05/2021
The BSP has extended the higher single borrower limit and relief on loan classification, pending full operationalisation of the FIST Act.
Enforcement
Singapore Court Jails Former CFO for Loan Fraud
05/05/2021
The former CFO of Coastal Oil Singapore conspired with three colleagues to deceive 8 banks into disbursing over $300mn in loans.
Securities / Derivatives
Australia Consults on New Requirements for Proxy Advisers
05/05/2021
The Treasury is proposing that proxy advisers be required to obtain an AFS License, among other requirements aimed at increasing transparency.
Australia Enhances Super Fund Performance Test in Draft Bill
04/05/2021
Industry bodies broadly support the inclusion of administrative fees in the performance test, though an extra one million super accounts could fail the test as a result.
Enforcement
ASIC Finds Client Detriment in Review of IOOF Licensees
03/05/2021
In a statement, IOOF said that the advice file reviews highlighted by ASIC were already part of its existing remediation programmes of work.
AML / KYC
RBNZ Calls on Banks to Avoid De-risking Pacific Island Nations
03/05/2021
The RBNZ and RBA are working with Pacific Island nations to develop a regional KYC facility, to support businesses in meeting their compliance obligations.
Australia: Treasury to Merge Quality of Advice, Life Insurance Reviews
01/05/2021
Rather than conducting two separate reviews, the quality of advice review will also consider the Life Insurance Framework as part of its wider mandate.
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