Singapore

SORA Property Loans Provide Interest Rate Stability: UOB

By Editors | 07/04/2021

Borrowers say the certainty, transparency and stability are key factors affecting their willingness to choose SORA-based loan products.

Securities / Derivatives

SGX Opens Consultation on SPACs Listing Framework

By Manesh Samtani | 02/04/2021

At least 90 percent of IPO proceeds will have to be placed in escrow pending a SPAC’s acquisition of a target company.

Market Infrastructure

Singapore Announces End-date for SOR Derivatives

By Manesh Samtani | 01/04/2021

Banks are asked to cease issuance of SOR derivatives and SIBOR-linked financial products by end-September 2021.

Enforcement

SG Police Investigate Over 300 Individuals in Cases of Scams

By Editors | 31/03/2021

The suspects are being investigated for the offences of cheating, money laundering or providing payment services without a licence.

Enforcement

SG Police to Lay 23 More Charges Against Hin Leong Founder

By Editors | 29/03/2021

The new charges could not be tendered against Lim Oon Kuin on Monday because the 78-year-old said he was unwell.

ESG / Sustainability

Central Banks Should Embrace Innovation: Jacqueline Loh

By Editors | 29/03/2021

MAS’ Jacqueline Loh outlined several central bank-led innovation initiatives underway, including a project that will help quantify the ESG impact of investments and loan portfolios.

AML / KYC

MAS Offers New AML/CFT Guidance for VASPs

By Editors | 28/03/2021

MAS has identified several VASPs that have not come forward for licensing despite operating in Singapore or soliciting business from Singapore residents.

Capital / Liquidity

MAS Consults on Credit Risk Capital Requirements, Output Floor

By Editors | 28/03/2021

MAS is seeking feedback on draft standards relating to credit risk capital and output floor requirements which will start to take effect from 1 January 2023.

MAS, ABS Publish Guidance on Workplace Design Strategies

By Editors | 24/03/2021

Strategies and good practices presented in a newly published study are aimed at supporting FIs in building pandemic-resilient workplaces.