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ESG / Sustainability
MAS Further Extends Facility to Support SME Lending
By Manesh Samtani | 06/07/2021
Government risk sharing and lower-cost funding will keep borrowing costs low for local enterprises as they recover and adapt to the new normal, MAS said.
Capital / Liquidity
MAS to Advise Banks on Dividend Restrictions ‘Very Shortly’
By Ranamita Chakraborty | 05/07/2021
MAS is conducting stress tests on local banks to assess whether it is necessary to extend existing restrictions on dividend payments.
Enforcement
MAS Proposes to Enhance Investigative, Supervision Powers
By Manesh Samtani | 04/07/2021
New powers will allow MAS to issue legally-binding directions to FIs in relation to unregulated business in bitcoin futures and other payment token derivatives traded on overseas exchanges.
Market Infrastructure
MAS: Remaining Amendments for BAA 2020 Take Effect
By Editors | 03/07/2021
Remaining amendments to Regulations, Notices and Guidelines needed for the Banking (Amendment) Act 2020 (BAA) commenced on 1 July 2021.
AML / KYC
Binance Deploys New AML Solution Amid Regulatory Pressure
By Ranamita Chakraborty | 01/07/2021
Binance has deployed a new AML compliance solution in the face of a ban in the UK and warnings from Japanese and Thai regulators.
MAS Proposes New Safeguards for Vulnerable Customers
By Editors | 30/06/2021
MAS proposes additional safeguards for clients receiving financial advice if they are elderly, not proficient in English, or have lower academic qualifications.
CSRC Approves DBS Stake in Shenzhen Rural Commercial Bank
By Sanday Chongo Kabange | 30/06/2021
DBS will become the largest shareholder of Shenzhen Rural Commercial Bank, paving the way for its expansion in the GBA.
Securities / Derivatives
Singapore to Continue Electronic Dissemination of Offer Documents
By Editors | 29/06/2021
The extension of the temporary measure will allow rights issues and take-over or merger transactions to proceed within prevailing safe management measures.
Fintech / Regtech
MAS Launches Global Challenge for Retail CBDC Solutions
By Editors | 29/06/2021
Fintechs, financial institutions and solution providers from around the world are invited to submit innovative solutions that can address 12 problem statements.
Market Infrastructure
MAS Extends Financial Sector Training Support Measures
By Editors | 27/06/2021
The extensions will help Singaporeans continue to acquire in-demand skills and encourage FIs and fintechs to retain and upgrade staff capabilities.
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