Singapore

Capital / Liquidity

IFRS 9 to Cause Volatility in Singapore Bank Profitability – Moody’s

By Garima Chitkara | 04/06/2018

The adoption of Singapore’s equivalent of IFRS 9 will be neutral for bank capitalisation, but changing risk and macroeconomic conditions could lead to varying levels of provisioning, says Moody’s.

Market Infrastructure

NSE-SGX Dispute Runs Afoul of MSCI

By Garima Chitkara | 31/05/2018

MSCI considering placing India on notice due to “burdensome” SEBI registration process and stock exchange action that could restrict global availability of investment instruments.

Securities / Derivatives

Singapore to Require Reporting of Short Selling Information

By Garima Chitkara | 31/05/2018

Short sellers will have report their positions and short sell orders on SGX-listed securities to the MAS starting October this year; MAS rules expected to improve transparency.

Market Infrastructure

Regulators to the Rescue: MAS and the Drive to Ease the Data Reporting Burden

By Swati Kothari | 30/05/2018

MAS has unveiled its roadmap for the transformation of the collection of data from financial institutions. And while there may be clear benefits, providing all data in machine readable format by MAS’ planned deadline will be challenging.

Market Infrastructure

MAS, HKMA Commit to FX Global Code

By Editors | 30/05/2018

Over 200 global FX market participants have committed to the Code to maintain status as central bank counterparties.

Crypto / Digital Assets

MAS Warns Eight Crypto Exchanges, Halts ICO Issuer

By JP Reimann | 28/05/2018

Exchanges warned against facilitating trading in digital tokens which constitute securities or futures contracts without MAS authorisation; ICO representing equity ownership halted.

Singapore Consults on Rule Changes for Market Operators

By Garima Chitkara | 24/05/2018

MAS launched two consultations to change its market operator regime and its product notification regime; changes made to support new business models in financial services.

Market Infrastructure

NSE Takes Legal Action to Prevent SGX India Derivatives Launch

By Garima Chitkara | 24/05/2018

NSE is seeking to prevent SGX from launching India equity derivative products in June; NSE previously terminated its data sharing agreement with SGX for its Nifty futures offering.

Market Infrastructure

MAS Issues Revised Data Submission Rules for FIs

By JP Reimann | 23/05/2018

Revised requirements including increased granularity and rationalisation of data in submissions; set to take effect on 1 October 2020.