Singapore

    Singapore Tightens Mortgage Rules to Ensure Prudent Borrowing

    By Editors | 03/10/2022

    Lenders will have to assume higher interest rates when assessing borrowers’ repayment ability. The LTV limit for HDB housing loans has been lowered.

    Enforcement

    Enhanced Penalties for Data Breaches Take Effect in Singapore

    By Editors | 02/10/2022

    Organisations with annual turnover exceeding S$10mn are liable for penalties for data breaches worth up to 10% of annual turnover.

    ESG / Sustainability

    Singapore Exchange Launches Battery Metal Futures

    By Editors | 02/10/2022

    Contracts were launched in battery-grade lithium carbonate; lithium hydroxide; cobalt metal; and cobalt hydroxide.

    ESG / Sustainability

    SGX Lists First Low Carbon Index ETF Dedicated to APAC

    By Editors | 29/09/2022

    The ETF reflects the performance of nearly 200 large and mid-cap companies with low carbon characteristics in 11 markets in Asia Pacific.

    Crypto / Digital Assets

    DBS Rolls Out Crypto Services to 100,000 More Investors

    By Editors | 28/09/2022

    Accredited wealth clients are able to trade four cryptocurrencies on DDEx – Bitcoin, Bitcoin Cash, Ethereum, and XRP.

    Fintech / Regtech

    MAS, IMDA Propose Measures to Make SGQR More Interoperable

    By Manesh Samtani | 28/09/2022

    Merchant acquirers will have to remove all proprietary static QR code payment labels. A new fee model will be introduced for SGQR members.

    Crypto / Digital Assets

    SBI Obtains Singapore Licence to Offer Digital Asset Services

    By Editors | 22/09/2022

    SBI Digital Markets will advise on corporate finance, deal in capital markets products, and provide custodial services.

    Securities / Derivatives

    SGX Launches New FX Trading Venue for OTC Trades

    By Editors | 21/09/2022

    CurrencyNode is an FX trading venue that connects global participants anonymously to unique and deep OTC FX liquidity pools.

    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.

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