Monetary Authority of Singapore

    MAS in Talks with Banks on Extending Relief for Borrowers

    By Editors | 29/09/2020

    MAS may extend relief measures announced in March which allowed principal and interest payments on loans to be postponed until year-end.

    Fintech / Regtech

    HKMA Selects ConsenSys to Lead Next Phase of CBDC Project

    By Editors | 28/09/2020

    Project Inthanon-LionRock studied the application of a CBDC for cross-border payments. ConsenSys will lead implementation of the project’s next phase.

    Capital / Liquidity

    Too Big to Fail: Markets Abhor a Vacuum

    By Jamie Lloyd Evans | 24/09/2020

    Some characteristics of the TBTF challenge are specific to Asia, but these may be intractable from ‘winner-takes-all’ capitalism and national interests, writes industry veteran Jamie Lloyd Evans.

    AML / KYC

    MAS ‘Closely Studying’ Singapore Mentions in FinCEN Files

    By Editors | 21/09/2020

    The SARs contained in the FinCEN Files flagged 1,781 transactions that flowed through Singapore as potentially suspicious.

    Securities / Derivatives

    Barclays to Build Out FX Trading Infrastructure in Singapore

    By Editors | 19/09/2020

    Barclays will launch an FX trading and pricing engine in Singapore by mid-2021, adding to existing platforms in New York, London and Tokyo.

    Securities / Derivatives

    SGX to List World’s Largest Chinese Pure Government Bond ETF

    By Editors | 17/09/2020

    CSOP Asset Management’s inaugural ETF on SGX will track the performance of fixed-rate government bonds issued in China as measured by a FTSE Russell index.

    ESG / Sustainability

    Singapore Fund Industry to Collaborate to Address Skills Gap

    By Sanday Chongo Kabange | 16/09/2020

    The first phase of the initiative will equip asset management trainees with foundation skills as well as future-ready skills in fintech, impact investing and ESG.

    Market Infrastructure

    Data, Technology Crucial for New Normal, LIBOR Transition

    By Bing Li | 15/09/2020

    The LIBOR transition opens the door to a fundamental rethink of the use of data and technology, and how firms provide products and services to customers, says Bloomberg’s Bing Li.

    Market Infrastructure

    A Detailed Look at MAS’ New Accountability Guidelines

    By Grace Chong | 11/09/2020

    Grace Chong and Si Rong Low at Simmons & Simmons JWS detail the key points of MAS’ final guidelines on individual accountability and conduct.

    Market Infrastructure

    MAS Finalises Individual Accountability and Conduct Guidelines

    By Manesh Samtani | 10/09/2020

    Financial institutions are expected to strengthen senior manager accountability and promote a culture of ethical behaviour. The guidelines take effect on 10 September 2021.

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