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
Westpac Announces New Partner in Digital Banking Push
01/03/2021
Westpac and SocietyOne have signed a partnership expand digital banking services to customers in the second quarter of this year.
Australia Launches ‘Buy Now Pay Later’ Code of Conduct
27/02/2021
The code makes AFCA membership compulsory and incorporates ASIC’s new design and distribution obligations regime.
AML / KYC
Philippine AMLC Sets Deadline for Newly Covered Entities to Register
27/02/2021
Real estate developers and brokers, as well as offshore gaming operators and their service providers, have to register with the AMLC’s electronic reporting system by 16 March.
Market Infrastructure
HK to Introduce Incentives for Insurance-linked Securities Issuance
25/02/2021
Under the proposed ILS Grant Scheme, the amount of grant for each issuance will be capped at HK$12mn, depending on the maturity of the ILS.
Market Infrastructure
Pandemic Provides Key Lessons on Outsourcing Risk: APRA
24/02/2021
Speaking at a virtual event hosted by GARP, APRA’s Sean Carmody said the pandemic highlighted financial industry dependencies on certain third-party providers.
Capital / Liquidity
RBI Issues New Regulatory Framework for Housing Finance Companies
24/02/2021
Non-deposit taking HFCs with an asset size of INR 50 billion and above, and all deposit taking HFCs, will have to achieve a 100% LCR by December 2025.
DBS Faces Legal Challenge Following Takeover of Indian Bank
23/02/2021
DBS said the local government and the RBI, who drafted and approved the takeover proposal, would be primary respondents in the lawsuits.
Enforcement
Targeted Product Intervention to Lead to ‘Less Regulation’: ASIC
22/02/2021
Commissioner Sean Hughes said ASIC will only need to intervene when there are signs of harm and misconduct, emphasising the checks and balances in place.
ESG / Sustainability
SGX to Seek Out Acquisition Targets to Drive Growth
22/02/2021
SGX plans to continue its M&A focus to strengthen its FX, fixed income, data and capital markets connectivity businesses, says chief executive Loh Boon Chye.
Fintech / Regtech
Sea Group to Establish Digital Banking Operations in Indonesia
22/02/2021
Sea Group’s e-commerce arm Shopee plans to turn a newly acquired Indonesian bank into a digital bank. OJK is meanwhile preparing new regulations for digital banks.
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