Singapore

Fintech / Regtech

UK, Singapore to Deepen Collaboration on FinTech, Sustainable Finance

By Editors | 26/11/2022

The UK and Singapore agreed to deepen cooperation on FinTech and sustainable finance, including to explore a global framework for regulating ESG ratings and data providers.

Securities / Derivatives

SGX Issues New Standards for Virtual/Hybrid General Meetings

By Editors | 25/11/2022

The standards cover the functional capabilities, availability levels, and recovery provisions of systems that enable issuers to hold virtual and hybrid general meetings.

Fintech / Regtech

DBS Completes First Intraday Repo Trade on JPM Blockchain Network

By Editors | 24/11/2022

DBS said it is the first Asian bank to complete an intraday repo transaction using the Onyx network, created by JP Morgan in 2020.

Crypto / Digital Assets

MAS Explains Different Treatment of Binance, FTX

By Sanday Chongo Kabange | 23/11/2022

While both Binance and FTX are not licensed Singapore, only Binance was “actively soliciting users” in Singapore, so it was added to the Investor Alert List.

Enforcement

Singapore Court Jails DBS Officer for Misusing Customer Data Access

By Editors | 22/11/2022

The former collections officer used DBS’ Customer Information System to find out information about friends, relatives, and others he was curious about.

Enforcement

Singapore Charges Former Hyflux Execs for Disclosure Failures

By Editors | 18/11/2022

A joint investigation by the CAD, MAS and ACRA found lapses in Hyflux’s disclosures and non-compliance with accounting standards.

ESG / Sustainability

UAE State Fund Acquires Stake in AirCarbon Exchange

By Editors | 17/11/2022

The investment will help AirCarbon Exchange establish a regulated carbon trading exchange and clearinghouse in Abu Dhabi.

Fintech / Regtech

MAS, UN to Jointly Develop Digital Finance in Pacific Island LDCs

By Editors | 15/11/2022

The collaboration includes measures to improve MSME access to financing and financial services, initially in Pacific Island LDCs.

Crypto / Digital Assets

Singapore and Hong Kong Regulators Address FTX Queries

By Editors | 15/11/2022

MAS said FTX is neither licensed nor exempt from licensing in Singapore. Hong Kong’s SFC said licensed fund managers’ exposure to FTX is “immaterial”.