Singapore

Securities / Derivatives

Singapore Sees Regulatory Support for Bank-Issued Covered Bonds

By Editors | 18/11/2020

Moody’s Investors Service says the higher encumbrance limit set by MAS last month may increase covered bonds issuances, deepen the market and reduce refinance risks.

Market Infrastructure

Practical Tips for Compliance with Singapore’s IAC Guidelines

By Shuhui Kwok | 17/11/2020

Shuhui Kwok at Allen & Overy provides practical tips for FIs to consider when assessing the IAC Guidelines, their application and implementation.

Fintech / Regtech

BSP, MAS Declare Opposition to Data Localisation Requirements

By Editors | 16/11/2020

Data mobility in financial services supports economic growth, innovative financial services, risk management and compliance, BSP and MAS say in a joint statement.

Securities / Derivatives

ABS Releases Enhanced Listings Due Diligence Guidelines

By Editors | 13/11/2020

The new guidelines emphasise the need for issue managers and full sponsors to “exhibit a healthy dose of professional scepticism” when conducting listings due diligence.

Capital / Liquidity

Loan Loss Expectations Prompt Need for Collateral Visibility

By Editors | 11/11/2020

Collateral is one of the more underutilised credit risk mitigation tools available to banks, and likely to become more important as loan losses mount in the year ahead.

AML / KYC

MAS Proposes to Strengthen FIs’ Identity Verification Process

By Editors | 10/11/2020

The proposed Notice will prohibit FIs from relying on common personal information such as NRIC number, residential address and date of birth as the sole means of identity verification.

Market Infrastructure

FIs Need to Bolster Security Controls to Mitigate Cyber Risk: MAS

By Editors | 10/11/2020

FIs need to review the adequacy of their cyber risk mitigating measures and controls, including in relation to third-party vendors and open-source software.

Market Infrastructure

SGX to Launch New Derivatives, Expand CME Clearing Relationship

By Manesh Samtani | 09/11/2020

SGX is launching five new equity futures contracts based on FTSE Russell indices. Two of the contracts will be available under SGX’s mutual offset system with CME Group.

Fintech / Regtech

SGX Enables SingPass Authentication for CDP Transactions

By Editors | 09/11/2020

The introduction of SingPass offers CDP customers better convenience and security when they transact online, and forms part of SGX’s ‘CDP Goes Digital’ initiative.