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Trading & Investment
Singapore Bankers ‘Flooded’ With Inquiries from Hong Kong – Reports
By Editors | 16/07/2019
Following Hong Kong’s extradition bill protests, wealth managers and private banks have seen increased queries from clients looking to set up channels to move assets to Singapore.
KYC & CDD
The Rise of Digital Banks in Asia Raises Compliance Questions
By Claus Christensen | 16/07/2019
The entrance of FinTech and BigTech firms into banking is forcing incumbents to adapt, but it should not come at a cost to compliance obligations, writes Claus Christensen at Know Your Customer Ltd.
Conduct, Culture & Accountability
MAS Raises Conduct Concerns in Financial Advisory Sector
By Editors | 15/07/2019
The MAS has commenced a review of the disciplinary frameworks at financial advisory firms, with a view to eventually sharing best practices and developing further guidance.
Tokenisation
Singapore Marks Launch of First Private Exchange with First Listing
By Editors | 13/07/2019
Backed by SGX and licensed by MAS, 1exchange takes private companies’ shares and puts them into an SPV to back digital tokens that can then be listed and traded by investors.
Market Abuse
Singapore Convicts Three Front-Runners Under Insider Trading Laws
By Editors | 11/07/2019
Two First State equity dealers told a UOB Kay Hian remisier about their firm’s intended orders to front-run trades in 100 counters, leading to over S$8mn in insider trading profits over 8 years.
Payments & Settlements
Open Banking, APIs Will Unlock a Host of Opportunities: NPP Australia
By Editors | 08/07/2019
A new white paper from NPP Australia provides an overview of developments in other real-time payments markets, including opportunities and challenges for the payments sector.
Anti-Bribery & Corruption
Goldman Banker Tim Leissner Banned for Life in Hong Kong
By Editors | 04/07/2019
Leissner’s conduct in relation to the Malaysian state fund 1MDB called into question his fitness and properness to be a licensed person, the SFC said.
Structural Regulation
Singapore Digital Banks to Disrupt Smaller Incumbents the Most
By Editors | 04/07/2019
Singapore’s big banks will be able to defend against new digital entrants, while small foreign-owned incumbents will face the greatest disruption risk, says Moody’s Investors Service.
Capital Adequacy
MAS Proposes to Relax Requirements for Singapore REITs
By Editors | 03/07/2019
The consultation paper proposes to allow REITs to take on more leverage if they can demonstrate an ability to service their debt with regular income.
Cloud & Infrastructure
BIS ‘Innovation Hub’ to Set Up in Hong Kong, Singapore
By Editors | 02/07/2019
The BIS Innovation Hub will foster collaboration between central banks and, by extension, help the private sector fully realise ‘new economy’ opportunities.
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