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AML / KYC
MAS to Deploy Information Sharing Platform for AML/CFT
By Manesh Samtani | 03/10/2021
The COSMIC platform will be developed and deployed in phases. The initial participants are DBS, OCBC, UOB, StanChart, Citibank and HSBC.
Crypto / Digital Assets
MAS Grants Two New Licences to Provide DPT Services
By Editors | 02/10/2021
DBS Vickers and Independent Reserve have received authorisation under the PSA to provide digital payment token services.
Market Infrastructure
Singapore Seeks to Become Global Hub for Carbon Trading
By Editors | 29/09/2021
To scale up carbon trading in the city, Singapore plans to work with Climate Impact X, a collaboration between SGX, DBS, Standard Chartered and Temasek.
Market Infrastructure
Singapore, Malaysia to Link PayNow, DuitNow in Q4 2022
By Pongnut Thanaboonchai | 27/09/2021
Customers of participating financial institutions will be able to make real-time cross-border transfers using a mobile number.
ESG / Sustainability
Singapore: ASFI, WWF Launch Sustainable Finance Academy
By Editors | 21/09/2021
ASFI Academy will help ensure the financial sector workforce develops the skills needed to implement MAS’ guidelines on environmental risk management.
Big Picture
CBDCs Theaten to Eat Into Banks’ Remittance Fees: Moody’s
By Ranamita Chakraborty | 20/09/2021
Fees and commissions banks charge for cross-border transactions will be reduced with wide adoption of CBDCs.
Securities / Derivatives
MAS, SGX, Temasek, EDBI to Jointly Boost Singapore Capital Market
By Editors | 16/09/2021
MAS and SGX will increase support for high-growth companies seeking to list in Singapore. Temasek and EDB Investments will set up funds to facilitate fundraising.
AML / KYC
Singapore Authorities Warn of SMS Diversion Attacks
By Editors | 15/09/2021
Malicious actors gained access to the systems of overseas telecom operators to divert SMS OTPs and authenticate fraudulent card transactions.
Securities / Derivatives
Thailand, Singapore to Introduce Depository Receipt Linkage
By Manesh Samtani | 15/09/2021
Through the new linkage, Singapore and Thailand listed companies will be able to issue depository receipts in each other’s markets.
Capital / Liquidity
MAS Issues Draft Standards for Market Risk Capital
By Editors | 15/09/2021
MAS seeks feedback on draft provisions in Notice 637 relating to market risk capital and capital reporting requirements.
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