Singapore

Market Infrastructure

Singapore Launches New Utility to Tackle Supply Chain, Trade Issues

By Manesh Samtani | 02/06/2022

Over 70 participants have signed on to use SGTraDex – including DBS, OCBC, Standard Chartered, UOB, Trafigura, ExxonMobil and Chevron.

ESG / Sustainability

MAS Issues New Guidance on Environmental Risk Management

By Sanday Chongo Kabange | 02/06/2022

Banks, insurers and asset managers are directed to use the guidance to bolster their resilience to environmental risk and set tangible targets for action.

Fintech / Regtech

MAS to Study Use Cases of Asset Tokenisation, DeFi Protocols

By Editors | 31/05/2022

The first pilot, led by DBS, JP Morgan and Marketnode, will explore potential DeFi applications in wholesale funding markets and help inform regulatory policy.

Fintech / Regtech

MAS FinTech Hackcelerator to Focus on Web3, Green Finance

By Editors | 30/05/2022

Fintech firms and solution providers from around the world are invited to address over 50 problem statements related to Web 3.0 and green finance.

Capital / Liquidity

MAS Raises OCBC Capital Requirement for Scam Incident

By Editors | 27/05/2022

OCBC has to apply a 1.3x multiplier to its RWA for operational risk, which translates to additional regulatory capital of S$330mn.

Securities / Derivatives

SGX RegCo Extends Suspension of Issuer Watch-List Reviews

By Editors | 26/05/2022

The extension will enable issuers time to operate under normal business conditions and recover from Covid-19 related challenges.

Fintech / Regtech

SET, UOB Join SGX, Temasek as Investors in ADDX

By Editors | 25/05/2022

SET’s move to invest in ADDX reflects a trend towards a “new capital market landscape that emphasises continuity between the public and private markets”.

Market Infrastructure

Singapore, Switzerland to Promote Cross-border Data Connectivity

By Editors | 25/05/2022

MAS and SIF will work towards enabling data flows (including personal information) within financial groups, supported by free choice of location for data storage and processing.

AML / KYC

Singapore Police Warns of Banking-related Phishing Scams

By Editors | 24/05/2022

Phishing scams involving the impersonation of bank employees have increased from 149 cases in 2020 to 1,021 cases last year.