Singapore

Securities / Derivatives

MAS Offers Update on Changes to Complex Products Regime

By Manesh Samtani | 05/11/2023

MAS will adopt some changes to streamline the complexity criteria for CIS. Other changes will be addressed in a new consultation in H1 2024.

Big Picture

Why Vigilance is Crucial in Compliance

By Ranamita Chakraborty | 02/11/2023

WRISE group head of risk and compliance and former police officer Gaven Koh discusses the need for heightened vigilance amid Singapore’s biggest money laundering scandal

Market Infrastructure

How Singapore is Leading Innovation in Transparency for the Knowledge Economy

By Jarett Decker | 01/11/2023

Jarett Decker discusses Singapore’s new Intangibles Disclosure Framework, developed in just 12 months to tackle a complex problem that “languishes elsewhere”.

Enforcement

MAS Imposes Restrictions on DBS Over Service Disruptions

By Editors | 01/11/2023

DBS has to suspend business acquisitions and non-essential changes to its IT systems, instead dedicating its resources and attention to technology resiliency.

Fintech / Regtech

MAS to Launch POC to Enhance Interoperability for QR Payments

By Editors | 01/11/2023

The POC will explore the feasibility of enabling merchants to accept QR payments from a variety of local and international payment schemes by signing up with a single FI.

Fintech / Regtech

Integration of AI, Fintech, ESG Gets Underway 

By Jill Wong | 31/10/2023

The financial industry is accelerating its interest around three main themes – fintech, ESG and AI.

Fintech / Regtech

BondbloX Opens Fractional Bond Trading Platform to Individual Investors

By Editors | 31/10/2023

Until now, only accredited and institutional investors have been allowed to access the BondbloX Bond Exchange platform.

Crypto / Digital Assets

MAS Establishes Project Guardian Policymaker Group

By Editors | 30/10/2023

MAS will work with Japan’s FSA, the UK’s FCA and Switzerland’s FINMA to advance the development of tokenised digital assets.

AML / KYC

OCBC Stops Using SMS as Default Notification Method

By Editors | 30/10/2023

Customers will receive alerts about payments and fund transfers through push notifications and e-mails, unless they specifically opt for SMS.