Singapore

ESG / Sustainability

Singapore Commits to Tougher Net-Zero Emissions Target

By Editors | 26/10/2022

Singapore will develop low-carbon hydrogen as a fuel source, with a view to reaching peak emissions earlier than its stated 2030 deadline.

Fintech / Regtech

Singapore Launches Code of Conduct for BNPL Providers

By Editors | 26/10/2022

BNPL customers will not be allowed to accumulate more than SGD 2,000 in outstanding payments at any given time.

Capital / Liquidity

MAS Proposes Methodology to Assess Systemic Importance of Insurers

By Editors | 25/10/2022

D-SIIs will be required to meet higher capital and enhanced corporate governance requirements, and establish RRPs and robust risk management information systems.

AML / KYC

Singapore Jails Former Bank Officer Over Shell Company Setups

By Editors | 24/10/2022

The former bank officer recruited nominee directors to set up shell companies and open bank accounts for use by unidentified individual based overseas.

Capital / Liquidity

Euroclear ICSD Enables Lux ETF Cross-Listings on SGX, HKEX

By Editors | 21/10/2022

With support from Euroclear, DWS migrated Luxembourg ETFs to the ICSD model in order to list in Hong Kong and Singapore.

Fintech / Regtech

MAS Proposes to Raise Caps Imposed on E-Wallets

By Manesh Samtani | 21/10/2022

Besides raising the caps, MAS also proposes to introduce an exemption to allow for ‘white labelling’ of e-wallet accounts.

Market Infrastructure

UOB to Launch First Product Under SGX-SZSE ETF Link

By Editors | 21/10/2022

The ETF will list on SGX on 14 November, providing Singapore retail investors access to Shenzhen’s ChiNext market.

Fintech / Regtech

Singapore Establishes Inter-agency Taskforce on Ransomware

By Editors | 20/10/2022

The Counter Ransomware Task Force comprises senior government representatives from the technology, cybersecurity, financial regulation and law enforcement domains.

Capital / Liquidity

DBS Becomes LCH SwapClear’s First Direct Member in Singapore

By Editors | 18/10/2022

DBS will be able to post Singapore government bonds as collateral, making LCH the first global offshore clearing house to accept the asset class as eligible collateral.