Singapore

Securities / Derivatives

Industry Ranks Singapore Top APAC Market to Operate In

By Editors | 11/12/2022

In an ASIFMA survey, capital market participants ranked Singapore as the top market for its political environment and predictable and transparent regulatory policy.

Enforcement

MAS Bans Former UOB, OCBC Representative for 15 Years

By Editors | 08/12/2022

The former representative deceived seven customers into transferring S$2mn to his personal bank accounts by promoting fictitious fixed deposits and other investment products.

Market Infrastructure

Chinese, Hong Kong Firms Increasingly Setting Up in Singapore

By Editors | 06/12/2022

Up to 500 Chinese companies are estimated to have set up in Singapore this year. Meanwhile Hong Kong hedge funds are increasingly setting up operations in the city-state.

Market Infrastructure

Full Launch of SGX-NSE Trading Link Planned for Q2 2023

By Editors | 01/12/2022

The trading link enables orders from SGX members to be routed to NSE IFSC for trading and execution. To date, 14 SGX clearing members have been onboarded.

Crypto / Digital Assets

MAS Grants MetaComp Licence to Offer DPT Services in Singapore

By Editors | 01/12/2022

MetaComp, a unit of MetaVerse Green Exchange, is now able to offer regulated digital payment token services in Singapore.

Crypto / Digital Assets

Singapore Deputy PM Defends Temasek Over FTX Loss

By Manesh Samtani | 01/12/2022

The FTX loss is disappointing, but it does not imply that the governance system is not working, deputy PM Lawrence Wong said.

Fintech / Regtech

Experian Appointed Bureau Operator for Singapore BNPL Industry

By Editors | 30/11/2022

Experian will facilitate creditworthiness checks for consumers using credit information submitted by all accredited BNPL players in Singapore.

Capital / Liquidity

MAS Plans to Adopt BCBS Risk Weights for Cryptoassets

By Manesh Samtani | 30/11/2022

MAS will require Singapore banks to apply a 1250% risk weight for exposures to Bitcoin and Ether, pending the finalisation of the BCBS framework.

AML / KYC

Singapore Police Launch Probe into Crypto Lender Hodlnaut

By Editors | 29/11/2022

The police said they received multiple reports between August and November 2022 alleging false representations by that Hodlnaut and/or its directors.