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AML / KYC
Singapore to Enforce AML/CTF Rules on Cryptocurrency Intermediaries
By Garima Chitkara | 10/01/2018
Deputy prime minister says no major AML lapses have been found at Singapore banks when asked about ‘Russian Laundromat’ probe.
Capital / Liquidity
Singapore Proposes Changes to Large Exposure Rules
By Garima Chitkara | 08/01/2018
MAS to impose large exposures limit of 25 percent of tier 1 capital on any counterparty or single counterparty group; will include large exposures to banks.
Capital / Liquidity
MAS to Expand Range of Eligible Collateral to Include Commodities for IRB Banks
By Editors | 21/12/2017
Banks using internal ratings for credit risk under Basel guidelines will be allowed to have commodities as physical collateral.
AML / KYC
Singapore Issues 7th, 8th Bans Related to 1MDB Probe
By Editors | 20/12/2017
Yeo Jiawei, a former BSI wealth manager, gets lifetime ban to add to his convictions for 1MDB related money laundering, cheating and witness tampering.
Market Infrastructure
Japan, Singapore Developing Cross-border DLT Trade Prototype
By Editors | 07/12/2017
Mitsubishi UFJ- NTT DATA distributed ledger expected to make cross-border flows more secure through single, unified platform.
Crypto / Digital Assets
BoJ Expects Large IT Firms to Become Systemically Important
By Samuel Riding | 07/12/2017
Haruhiko Kuroda says global IT platform providers could pose systemic risk through holding vast amounts of data, adds to warnings on algo contagion.
Capital / Liquidity
ESMA to Bring 3rd-country CRAs, Trade Repositories Under EU Supervision
By Samuel Riding | 04/12/2017
ESMA executive director Verena Ross says more than 200 non-EU trading venues have asked for exemptions from MiFID II post-trade transparency, position limits.
Capital / Liquidity
MAS Warns of ‘Medium-term’ Cross-border Financial Stability Risks
By Editors | 04/12/2017
Annual report into stability of financial system says domestic and regional lending improving, no signs of credit market overheating.
Capital / Liquidity
BoJ Urges Asian Local Currency Debt Market Development
By Garima Chitkara | 30/11/2017
Haruhiko Kuroda says firms in Asia need to diversify their sources of funding to protect against market shocks as ASEAN initiatives increase.
Market Infrastructure
SGX Revamping Securities Settlement Processes
By Editors | 30/11/2017
Exchange consultation proposes move to T+2 settlement, simultaneous securities, money settlement in bid to prevent systemic risk.
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