Singapore

Market Infrastructure

MAS Consults on Mandatory Cybersecurity Requirements for FIs

By Manesh Samtani | 07/09/2018

Proposed measures aim to enhance system and network security and protect against unauthorised use of system accounts with extensive access privileges.

Enforcement

MAS Bars Former UOB Officer for 12 Years

By Editors | 31/08/2018

The ex-UOB employee, without a capital markets services licence, had setup a company to invest on behalf of other investors, and later misappropriated SG$520,000 entrusted to him by clients.

Big Picture

MAS Takes Stock of FX Global Code, One Year Since Launch

By Garima Chitkara | 30/08/2018

MAS deputy managing director Jacqueline Loh spoke about the steps taken in adopting and embedding the FX Global Code in the industry and key priorities for the coming year.

Fintech / Regtech

MAS, SGX to Develop Cross-Platform DvP Settlement of Tokenised Assets

By Manesh Samtani | 27/08/2018

Nasdaq, Deloitte and Anquan appointed as technology partners to enable simultaneous exchange and settlement of tokenised digital currencies and securities assets using blockchain technology.

AML / KYC

Thomson Reuters, Singapore FinTech Association Join Forces on Financial Crime

By Editors | 24/08/2018

The collaboration joins the Singapore FinTech Association network with Thomson Reuters Labs technical expertise to solve issues around financial crime.

AML / KYC

Singapore’s UOB Integrates Machine Learning in AML Systems

By Manesh Samtani | 24/08/2018

Collaboration with regtech firm Tookitaki has enabled deeper and broader analyses of data sets which can be applied to all processes within AML framework.

Securities / Derivatives

CFTC Grants Osaka Exchange FBOT Registration Status

By Editors | 23/08/2018

Osaka Exchange demonstrates the attributes of an established, organised exchange which is subject to continued oversight by regulators, the CFTC said.

Market Infrastructure

NSE To Approach SEBI on Co-Location Case

By Garima Chitkara | 13/08/2018

The exchange will begin dialogue with the regulator on alleged misuse of its co-location facility; NSE chief says the exchange’s IPO is on hold until the resolution of this case.

ESG / Sustainability

Singapore Adopts Revised Corporate Governance Code

By Garima Chitkara | 09/08/2018

New code is based on recommendations by the Corporate Governance Council and focuses on strengthening board independence and diversity; SGX has incorporated the new code in its listing rules.