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.
RBNZ, RBA, Bank of Canada Form Network to Foster Indigenous Inclusion
01/05/2021
Other central banks are encouraged to join the network, which will serve as a community of practice to share knowledge and foster indigenous inclusion.
Fintech / Regtech
Savings Banks Introduce Open Banking Services: FSC Korea
01/05/2021
Open banking is now being provided by all types of deposit-taking institutions in Korea. Credit card companies will start from end-May.
AML / KYC
Australia Scraps Plan to Introduce Beneficial Ownership Register
30/04/2021
Senator Jane Hume reportedly refused to back the register, a move experts say will entrench Australia as a money laundering haven.
Market Infrastructure
RBNZ Releases Final Guidance on Developing Cyber Resilience
29/04/2021
This guidance provides the baseline-level of cyber resilience recommendations as well as recommendations for enhanced-level practices.
ESG / Sustainability
Japan FSA to Issue Climate Risk Guidelines for Banks
29/04/2021
Financial institutions will be expected to incentivise borrowers to decarbonise through loan terms and preferential interest rates.
Securities / Derivatives
Ant Group Money Market Fund Shrinks to Four-Year Low
27/04/2021
In response to regulatory pressure, Ant Group has been urging investors through in-app notifications to switch to other funds.
Capital / Liquidity
FSC Korea to Promote Lending to Low Credit Score Borrowers
27/04/2021
Banks will be advised to boost mid-range interest rate lending to borrowers with low to moderate credit scores, among other measures.
Fintech / Regtech
Australia: Tax Reforms Proposed to Support Financial Hub Ambitions
27/04/2021
Under Senator Andrew Bragg’s proposal, technology and finance business that relocate to Australia would pay concessional tax rate for seven years.
ESG / Sustainability
Australia: Super Fund Body Launches New Climate Change Policy
27/04/2021
The Australian Council of Superannuation Investors is seeking the integration of climate change risk in super fund investment strategies.
Enforcement
Taiwan FSC Fines Fund Managers for Stock Manipulation
25/04/2021
The three fund managers bought shares in Far Eastern Department Store at the request of a former official who has since been charged with corruption.
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