Monetary Authority of Singapore

    Market Infrastructure

    LCH Extends Central Clearing for SORA Derivatives to 21 Years

    By Manesh Samtani | 22/02/2021

    MAS will likewise extend the tenor of its daily SORA derivatives auctions with major derivatives dealers from 5-years to 20-years.

    Capital / Liquidity

    MAS Proposes Revisions to Requirements for Insurers

    By Manesh Samtani | 22/02/2021

    MAS proposes to enhance the current requirements relating to enterprise risk management, investment risk management and disclosure practices.

    Fintech / Regtech

    Sea Group to Establish Digital Banking Operations in Indonesia

    By Ranamita Chakraborty | 22/02/2021

    Sea Group’s e-commerce arm Shopee plans to turn a newly acquired Indonesian bank into a digital bank. OJK is meanwhile preparing new regulations for digital banks.

    Enforcement

    Singapore Police Investigate Nickel Trading Investment Fraud

    By Editors | 21/02/2021

    Envy Asset Management and Envy Global Trading are suspected of using investors’ funds to finance nickel trading activities. Both have had their bank accounts frozen.

    Securities / Derivatives

    HK, Singapore on Alert for Social Media Fuelled Manipulation

    By Manesh Samtani | 19/02/2021

    The SFC has issued restriction notices against 54 more trading accounts. Singapore regulators are guarding against “pump and dump” and “short and distort” scenarios.

    ESG / Sustainability

    Budget 2021: Singapore to Finance Infrastructure with Green Bonds

    By Manesh Samtani | 17/02/2021

    The issuance will help deepen market liquidity for green bonds, and attract green issuers, capital, and investors to Singapore, said Deputy Prime Minister Heng Swee Keat.

    ESG / Sustainability

    Singapore v EU: How Their Green Taxonomies Compare

    By Shuhui Kwok | 11/02/2021

    Allen & Overy’s Shuhui Kwok discusses Singapore’s proposed green taxonomy, describing how it aligns with – and differs from – the EU Taxonomy Regulation.

    Singapore Launches Simplified Insolvency, Restructuring Programme

    By Editors | 05/02/2021

    Eligible micro and small companies severely impacted by Covid-19 can apply for help with debt restructuring, business rehabilitation or orderly winding up.

    Securities / Derivatives

    Asian Regulators Issue Warnings as GameStop Remains in Focus

    By Manesh Samtani | 04/02/2021

    Authorities in Hong Kong, Singapore, Korea and Malaysia are among those issuing warnings of possible investor losses as heightened volatility continues.

    Market Infrastructure

    MAS Outlines 2021 Plans to Continue Transitioning to SORA

    By Manesh Samtani | 02/02/2021

    SOR will now end 18 months later to reflect the IBA’s plans, but the transition to SORA in cash products and derivatives markets will continue at pace.

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