Singapore

Securities / Derivatives

MAS Adds $1bn to Private Markets Programme

By Editors | 21/09/2022

The programme was launched in 2018 with $5bn to allocate to PE and infrastructure fund managers. The additional $1bn will go to global credit fund managers.

Fintech / Regtech

MAS, IFSCA Sign FinTech Cooperation Agreement

By Editors | 20/09/2022

MAS and IFSCA will collaborate to support sandbox experimentation, enable companies to be referred to each other’s sandbox, and promote cross-border testing.

Fintech / Regtech

StanChart’s Singapore Digital Bank Reaches Key Milestone

By Editors | 16/09/2022

Trust Bank has been offering new accountholders a chance to win one of three Tesla cars, where referrals increase the chances of winning.

Crypto / Digital Assets

MAS Launches New Transformation Map for Financial Industry

By Editors | 16/09/2022

MAS will promote the FX trading ecosystem, enhance fund structures, support fintechs, improve its bond infrastructure, and scale up sustainable and transition financing.

Singapore Passes Bill to Regulate Debt Collector Conduct

By Editors | 15/09/2022

Debt collectors will have to be screened by police for licensing. Behaviour that threatens the physical safety of debtors will be prohibited.

AML / KYC

MAS Identifies AML/CFT Control Lapses at VCCs

By Manesh Samtani | 14/09/2022

MAS found issues with EFI appointment, oversight and escalation. Customer risk assessments and ongoing monitoring need improvement.

Securities / Derivatives

Singapore Introduces Bill to Enhance Business Trust Governance

By Editors | 13/09/2022

CEOs will have to disclose interests in transactions. Unlisted business trusts will have to obtain and maintain information on beneficial ownership of their units.

Singapore BNPL Code On Track to Launch This Year

By Sanday Chongo Kabange | 13/09/2022

BNPL providers are exploring a mechanism to share information with one another on customers’ outstanding amounts and their delinquency status.

ESG / Sustainability

SGX RegCo to Further Enhance Corporate Governance Rules

By Manesh Samtani | 13/09/2022

SGX RegCo will consult on mandatory requirements for listed companies to disclose the dollar values of director and CEO remuneration.