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
APRA Warns ADIs of Risks from Indemnities in Divestment Transactions
24/03/2021
Indemnities provided to acquiring entities as part of divestment transactions should be capped and time bound. Operational risk capital should be held to reflect the level of risk.
AML / KYC
Australian Treasury Consults on New Director ID Regime
23/03/2021
The director ID regime will help to promote good corporate conduct, deter illegal phoenix activities, and facilitate traceability of directors over time.
Securities / Derivatives
New Rules for Private Equity Funds Take Effect in Korea
22/03/2021
The new rules imposing stricter requirements on leverage, cross trading, sales practices and risk management, among other areas.
Enforcement
Taiwan Regulators Steps Up Scrutiny of Clubhouse App
22/03/2021
The social media app restricts voice recording without the consent of every speaker in a chat room, which may create a loophole for stock manipulators.
APRA Updates Cyber Insurance Reporting Requirements
18/03/2021
APRA has adopted a recommendation to extend the timeframe for full implementation, saying it will facilitate a more effective process without materially impacting its objectives.
S. Korea FSC Revises Supervisory Regulation on Insurance
16/03/2021
The foreign exchange position limit of insurance companies will be increased from 20 percent to 30 percent of the total adjusted capital.
AML / KYC
Fintel Alliance Secures Win Against ‘Cuckoo Smurfing’ Syndicate
16/03/2021
ANZ’s link analysis capability allowed the rapid interrogation of combined banking datasets, which led to the arrests of five individuals involved in an international cuckoo smurfing syndicate.
Market Infrastructure
Australia to Amend OBU Regime to Address OECD Concerns
15/03/2021
The government will consult with industry on alternative measures to ensure activity remains in Australia when the OBU regime ends.
Securities / Derivatives
CSRC Mulls Tighter Listing Rules for STAR Market Stocks
15/03/2021
The revised rules are expected to emphasise the technology credentials and financial health of companies seeking a listing on the STAR Market.
ASIC Consults on Deferred Sales Model for Add-on Insurance
13/03/2021
From 5 October, the deferred sales model will introduce a four-day pause between the sale of a principal product or service and the sale of add-on insurance.
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