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Fintech / Regtech
MAS Announces Grant to Help Small FIs Adopt Reg Reporting Tech
By Editors | 09/11/2020
The grant provides funding support for smaller FIs to adopt regulatory reporting solutions from pre-approved providers – AxiomSL, KPMG Services and Wolters Kluwer.
Securities / Derivatives
CFTC Exempts More Singapore RMOs from SEF Registration
By Editors | 05/11/2020
The move brings the total number of exempted approved exchanges and recognised market operators authorised in Singapore to 13.
Fintech / Regtech
MAS Targets Market Abuse, Misconduct, AML Control Breaches
By Editors | 04/11/2020
In its latest enforcement report, MAS highlights its work to strengthen early detection of market misconduct, including through Apollo, an augmented intelligence system.
Relief Available to S-REITs, SMEs Harmed by Re-align Framework: MAS
By Editors | 04/11/2020
While financial contracts are excluded from the Framework, some SMEs and S-REITs may be adversely impacted by the legislative measures.
AML / KYC
MAS to Discontinue S$1,000 Note to Prevent Money Laundering
By Editors | 03/11/2020
Large denomination notes allow individuals to carry large values of money anonymously, and can facilitate money laundering and other illicit activities, MAS says.
AML / KYC
Singapore Bill to Align Payment Services Act with FATF Standards
By Editors | 03/11/2020
The bill will expand the definition of a DPT service, broaden the definition of cross-border money transfer service, and allow MAS to impose measures on DPT services providers.
ESG / Sustainability
Singapore Lenders Launch New Debt Restructuring Scheme for SMEs
By Manesh Samtani | 01/11/2020
The scheme will facilitate a common approach to SME debt restructuring among 16 participating lenders. A separate scheme has been launched for sole proprietors and partnerships.
Enforcement
MAS Bans Two Former Bankers for Fraud, Dishonest Conduct
By Editors | 01/11/2020
The former OCBC treasury advisor placed unauthorised FX trades in client accounts, while the former UOB relationship manager made unauthorised bank transfers.
ESG / Sustainability
AIMA, Simmons & Simmons Launch ESG Primer for Asia Fund Managers
By Editors | 30/10/2020
The primer contains key concepts and taxonomy, recent regulatory developments impacting Asia fund managers, and a checklist for developing an ESG strategy and roadmap.
Enforcement
Singapore Courts Charge Two for Cheating, False Trading
By Editors | 30/10/2020
Ex-KTL Global CEO Tan Kheng Yeow and OCBC Securities trading rep Tan Chun Yong are said to have been involved in a conspiracy for false trading.
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