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Market Infrastructure
MAS Consults on Proposed Notices for Outsourced Services
By Manesh Samtani | 21/12/2020
Banks’ outsourcing agreements must include terms that grant MAS the right to audit the outsourced arrangement and obtain information from the service provider.
Capital / Liquidity
MAS Consults on Operational Risk Capital, Leverage Ratio Requirements
By Editors | 17/12/2020
MAS intends to implement the revised standards for operational risk capital and leverage ratio requirements from 1 January 2023.
Fintech / Regtech
Singapore to Review E-wallet Payment Limits in 2021
By Editors | 17/12/2020
Currently, e-wallet users in Singapore can hold up to S$5,000 in their accounts at any one time, and transactions are capped at S$30,000 per year.
Crypto / Digital Assets
SFC Issues First Licence to Digital Asset Trading Platform
By Editors | 16/12/2020
The licences permit OSL Digital Securities to operate regulated brokerage and automated trading services for digital assets.
Securities / Derivatives
SGX Launches New Sustainability Platform, Plans New ESG Products
By Manesh Samtani | 16/12/2020
SGX is bringing third-party ESG ratings to Singapore listed companies and will introduce new ESG-focused investment and risk management products.
Press Release
Vizor Recognised for API Innovation and Regulatory Reporting Solution
By Editors | 15/12/2020
Vizor Software was launched a Reporting API that allows FIs to consume machine-readable reporting rules and data models directly from regulators.
Market Infrastructure
StanChart Permitted to Establish Digital Bank in Singapore
By Editors | 14/12/2020
StanChart was named Singapore’s first Significantly Rooted Foreign Bank in August. New privileges allow it to secure an additional full bank licence to establish a digital banking subsidiary.
Fintech / Regtech
Improving Operational Resilience: A Priority for the Year Ahead
By David LaFalce | 14/12/2020
DTCC’s David LaFalce highlights the need for firms to remove manual processes, re-evaluate their interconnectedness, and seek out opportunities for industry collaboration.
ESG / Sustainability
SGX to Promote China Bond Markets, MAS Registers Shanghai Office
By Editors | 13/12/2020
A series of MOUs to deepen collaboration in financial services and innovation were announced at the 2nd Singapore-Shanghai Comprehensive Cooperation Council meeting on Friday.
Crypto / Digital Assets
MAS Grants DBS In-principle Approval to Set Up Digital Exchange
By Manesh Samtani | 10/12/2020
The DBS announcement came two days after SIX and SBI Digital Asset Holdings announced plans to launch a digital asset issuance platform, exchange and CSD venue by 2022.
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