Singapore

Securities / Derivatives

CFTC Exempts Two Singapore RMOs from SEF Registration

By Nithya Subramanian | 05/08/2024

The exemptions bring the total number of exempted approved exchanges and recognised market operators from Singapore to 18.

Market Infrastructure

MAS Forms Review Group to Boost Singapore’s Equities Market

By Nithya Subramanian | 05/08/2024

The review group will propose measures to attract more listings, review regulatory frameworks, and improve market liquidity.

Enforcement

Singapore Recovers $40 Million in Email Scam Bust

By Nithya Subramanian | 05/08/2024

Collaboration between the SPF, Timor-Leste authorities and INTERPOL led to the largest business email compromise scam recovery.

Fintech / Regtech

MAS Paper Warns FIs of Cyber Risks Arising from GenAI

By Ranamita Chakraborty | 04/08/2024

The paper focuses on deepfakes, GenAI-enabled phishing, AI-powered malware, data leakage and output manipulation.

Crypto / Digital Assets

Ripple Integrates Tokenised US Treasury Bills on XRP Ledger

By Ranamita Chakraborty | 04/08/2024

Ripple established a partnership with Singapore-based OpenEden to integrate tokenised T-bills on the XRP Ledger.

ESG / Sustainability

Singapore Government Creates Carbon Credit Alliance

By ESG Investor | 02/08/2024

The Singapore Carbon Market Alliance will serve as a platform for companies to acquire carbon credits, build knowledge, and discuss issues related to Article 6.

Market Infrastructure

SGX RegCo CEO Urges Directors to Embrace Market Discipline

By Ranamita Chakraborty | 02/08/2024

SGX is open to updating its safe harbour guidelines for forward-looking statements to encourage listed companies to make decision-useful disclosures.

ESG / Sustainability

DBS, Deloitte Launch Tool to Help SMEs Close Decarbonisation Gaps

By Ranamita Chakraborty | 01/08/2024

The new sustainability solution aligns with the TCFD framework and helps Singapore SMEs meet their reporting obligations more effectively.

Enforcement

MAS Reprimands Asset Manager, Bans CEO for Two Years

By Nithya Subramanian | 01/08/2024

MAS has also declined the RFMC’s application to upgrade to an LFMC. Effective 1 August, it cannot undertake fund management activities in Singapore.