Singapore

Fintech / Regtech

Singapore Enters 2nd Phase of Blockchain-based Payments Trial

By Editors | 09/10/2017

Trial has already been completed on interbank transfers; blockchain programme will be extended to include securities sector as well as payments.

AML / KYC

Standard Chartered Guernsey-Singapore Transfers Under Investigation

By Editors | 09/10/2017

Authorities suggest bank may have conducted $1.4bn of transfers to Singapore to avoid being caught under Common Reporting Standard.

AML / KYC

Forensic Accountancy Programme Launched in Singapore to Combat Financial Crime

By Editors | 05/10/2017

Forensic accountancy qualification will be open to financial crime compliance and investigations professionals; ACRA to consider monitoring audit firms.

Market Infrastructure

Singapore Boosts Banks in Battle vs Fintech Firms

By Samuel Riding | 02/10/2017

Banks allowed to provide broader range of services including online sale of consumer goods; MAS cites ‘increasing competition from non-bank players’.

Capital / Liquidity

Hong Kong Belatedly Joins Singapore in Pushing Back IRRBB

By Editors | 28/09/2017

Implementation delayed by a year as firms say they might not have met original deadline due to having to make substantial changes to reporting systems.

Fintech / Regtech

MAS Creates Advisory Panel on Cybersecurity

By Editors | 21/09/2017

Panel on cybersecurity and resilience includes representatives from Accenture, JPMorgan, London Stock Exchange, PwC and Standard Chartered Bank.

Market Infrastructure

SGX Regulatory Subsidiary Ready to Start Operations

By Editors | 12/09/2017

SGX RegCo will begin operations on Friday (12 September) with three new board members joining Tan Cheng Han and Tan Boon Gin at the helm.

Singapore, Australia and ‘Fundamental Regulatory Overhaul’

By Samuel Riding | 31/08/2017

Requirements on balance sheet reporting a stiff challenge for banks despite regulators’ nods to technology’s potential, says Axiom SL.

AML / KYC

China Joins Stampede to Regulate ICOs

By Samuel Riding | 31/08/2017

Regulators to introduce rules on ICOs/ITOs which raised nearly $400mn in 1st half of 2017; follows moves by the US and Singapore in July.