Singapore

    Fintech / Regtech

    MAS to Issue Up to Five Digital Bank Licences

    By Editors | 01/07/2019

    The initiative effectively extends digital bank licences to non-bank players, as existing banking groups in Singapore already have a framework for setting up digital bank subsidiaries.

    Securities / Derivatives

    SGX Enables Portfolio Compression for Listed Derivatives

    By Editors | 28/06/2019

    SGX, in collaboration with a unit of BGC Partners, has become the first exchange in Asia to launch a portfolio compression service for listed derivatives.

    Fintech / Regtech

    Singapore Banks Well-Equipped Against Fintech Threat: Moody’s

    By Garima Chitkara | 20/06/2019

    Singapore’s three largest banks are well placed to ward off threats to their market share by fintech firms, even as friendly regulatory policies encourage greater growth in the sector.

    Market Infrastructure

    Singapore, UK to Enhance Cooperation on Cyber Security

    By Editors | 14/06/2019

    Authorities in Singapore and the UK have agreed to enhance cooperation in cyber security, data connectivity, talent development and green finance.

    Market Infrastructure

    Practical Steps for Compliance with MAS’ IAC Guidelines

    By Grace Chong | 14/06/2019

    Grace Chong at global law firm Simmons & Simmons analyses the implications of MAS’ Individual Accountability and Conduct Guidelines, and sets out the practical steps to be taken.

    Market Infrastructure

    MAS: Remittance Firms Forbidden from Making Loans

    By Editors | 13/06/2019

    Remittance firms will be prohibited from issuing advances to individuals starting September this year, ahead of the Payment Services Act entering into force.

    Fintech / Regtech

    Singapore: Progressing the Culture and Conduct Risk Agenda

    By Jeffrey Kupfer | 13/06/2019

    MAS is equipping itself with advanced tools that will allow for culture and conduct to be evaluated in a more systematic way, say Jeff Kupfer and Stephen Scott at Starling.

    Market Infrastructure

    Hong Kong, Singapore Cooperate on Personal Data Protection

    By Editors | 12/06/2019

    Hong Kong and Singapore’s data protection authorities have signed an MOU to strengthen cooperation on personal data protection.

    Securities / Derivatives

    Singapore Bourse Pushes into Foreign Exchange Market

    By Manesh Samtani | 12/06/2019

    SGX wants to reduce its reliance on equity index derivatives by aggressively pushing into the FX markets over the next five years.

    Market Infrastructure

    MAS Proposes Increased Scope for Accountability, Conduct Guidelines

    By Garima Chitkara | 07/06/2019

    MAS proposes to apply its 2018 accountability and conduct guidelines to a wider range of financial institutions, including fund managers, trade repositories and benchmark administrators.

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