Singapore

Securities / Derivatives

To 2021 And Beyond – A Regulator’s Perspective

By Boon Gin Tan | 23/12/2020

SGX RegCo chief Boon Gin Tan says sustainability is now a new fiduciary responsibility, and expectations in this area have never been higher.

Market Infrastructure

MAS Consults on Proposed Notices for Outsourced Services

By Manesh Samtani | 21/12/2020

Banks’ outsourcing agreements must include terms that grant MAS the right to audit the outsourced arrangement and obtain information from the service provider.

Capital / Liquidity

MAS Consults on Operational Risk Capital, Leverage Ratio Requirements

By Editors | 17/12/2020

MAS intends to implement the revised standards for operational risk capital and leverage ratio requirements from 1 January 2023.

Fintech / Regtech

Singapore to Review E-wallet Payment Limits in 2021

By Editors | 17/12/2020

Currently, e-wallet users in Singapore can hold up to S$5,000 in their accounts at any one time, and transactions are capped at S$30,000 per year.

Securities / Derivatives

SGX Launches New Sustainability Platform, Plans New ESG Products

By Manesh Samtani | 16/12/2020

SGX is bringing third-party ESG ratings to Singapore listed companies and will introduce new ESG-focused investment and risk management products.

Market Infrastructure

StanChart Permitted to Establish Digital Bank in Singapore

By Editors | 14/12/2020

StanChart was named Singapore’s first Significantly Rooted Foreign Bank in August. New privileges allow it to secure an additional full bank licence to establish a digital banking subsidiary.

ESG / Sustainability

SGX to Promote China Bond Markets, MAS Registers Shanghai Office

By Editors | 13/12/2020

A series of MOUs to deepen collaboration in financial services and innovation were announced at the 2nd Singapore-Shanghai Comprehensive Cooperation Council meeting on Friday.

Market Infrastructure

Singapore Set Out Timelines for Full Discontinuation of SIBOR

By Manesh Samtani | 11/12/2020

The one-month and three-month SIBOR will be discontinued by end-2024. The discontinuation of the six-month SIBOR may depend on the timing of cessation of USD LIBOR.

Crypto / Digital Assets

MAS Grants DBS In-principle Approval to Set Up Digital Exchange

By Manesh Samtani | 10/12/2020

The DBS announcement came two days after SIX and SBI Digital Asset Holdings announced plans to launch a digital asset issuance platform, exchange and CSD venue by 2022.