Monetary Authority of Singapore

    Securities / Derivatives

    Singapore Authorities Charge Five Remisiers for False Trading

    By Editors | 20/08/2020

    The five individuals charged were former remisiers for Phillip Securities, OCBC Securities, DBS Vickers Securities, and Maybank Kim Eng Securities.

    Market Infrastructure

    The Case for a Central Lending Platform in Singapore

    By Irene Liu | 20/08/2020

    Not enough SMEs are taking advantage of government supported loan programmes, in part due to the onerous processes involved in accessing them, say PwC’s Irene Liu and Shierly Mondianti.

    Market Infrastructure

    MAS Becomes First Asian Government Entity to Issue RFR Debt

    By Manesh Samtani | 19/08/2020

    Singapore is seen to be leading Asia in its preparation for the cessation of LIBOR at the end-of 2021. Earlier this month, MAS announced new initiatives to catalyse SORA markets.

    Enforcement

    MAS Bans Two Individuals for Fraud and Dishonest Conduct

    By Editors | 19/08/2020

    Prohibition orders were issued against former representatives of Prudential Assurance Company Singapore and Bank of Singapore in two unrelated cases.

    AML / KYC

    PEPs in the Limelight: Three Components to Mitigate Risk

    By Editors | 19/08/2020

    To understand the money laundering risks they face, financial firms need a robust and scalable approach to PEP identification and due diligence, says Refinitiv’s Michael Meadon.

    AML / KYC

    Risk and Reward: AI Enables Active Financial Crime Risk Assessment

    By Daniel Banes | 18/08/2020

    Adverse media is openly available, continually updated, and provides a wealth of information, but it remains underused in financial crime risk assessments, writes Daniel Banes.

    AML / KYC

    Singapore Crypto Association Publishes Industry Code of Practice

    By Editors | 17/08/2020

    The code is accompanied by a practice guide providing regulatory guidance to facilitate payment services licence applications in Singapore.

    Capital / Liquidity

    Bank Capital in a Public Health Crisis: Reflecting on Twin Challenges 

    By Jamie Lloyd Evans | 16/08/2020

    Industry veteran Jamie Lloyd Evans discusses Basel III in light of concerns regarding capital adequacy and bank lending, and offers some thoughts on potential design improvements to the capital framework.

    Securities / Derivatives

    Singapore Fund Managers Expect Covid to Accelerate ESG Investing

    By Manesh Samtani | 13/08/2020

    A new survey by IMAS found that two-thirds of Singapore fund managers expect the adoption of ESG investing to accelerate as a result of the Covid-19 pandemic.

    Fintech / Regtech

    Singapore Premiers Blockchain-based Bond Exchange, BBX

    By Sanday Chongo Kabange | 13/08/2020

    BondbloX Bond Exchange uses a permissioned blockchain to enable electronic trading of bonds in $1,000 denominations, with instant settlement and greater price transparency.

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