Monetary Authority of Singapore

    Fintech / Regtech

    DBS Completes First Intraday Repo Trade on JPM Blockchain Network

    By Editors | 24/11/2022

    DBS said it is the first Asian bank to complete an intraday repo transaction using the Onyx network, created by JP Morgan in 2020.

    Crypto / Digital Assets

    MAS Explains Different Treatment of Binance, FTX

    By Sanday Chongo Kabange | 23/11/2022

    While both Binance and FTX are not licensed Singapore, only Binance was “actively soliciting users” in Singapore, so it was added to the Investor Alert List.

    Enforcement

    Singapore Charges Former Hyflux Execs for Disclosure Failures

    By Editors | 18/11/2022

    A joint investigation by the CAD, MAS and ACRA found lapses in Hyflux’s disclosures and non-compliance with accounting standards.

    Fintech / Regtech

    MAS, UN to Jointly Develop Digital Finance in Pacific Island LDCs

    By Editors | 15/11/2022

    The collaboration includes measures to improve MSME access to financing and financial services, initially in Pacific Island LDCs.

    Crypto / Digital Assets

    Singapore and Hong Kong Regulators Address FTX Queries

    By Editors | 15/11/2022

    MAS said FTX is neither licensed nor exempt from licensing in Singapore. Hong Kong’s SFC said licensed fund managers’ exposure to FTX is “immaterial”.

    Securities / Derivatives

    UOB Lists First Product on SGX Using Shenzhen ETF Link

    By Editors | 15/11/2022

    The SGX-listed ETF replicates the performance of SZSE’s ChiNext Index by investing in a Shenzhen-listed ETF managed by Ping An Fund Management.

    Fintech / Regtech

    Five ASEAN Central Banks Sign MoU on Payments Connectivity

    By Sanday Chongo Kabange | 15/11/2022

    The MoU is the first that brings together multiple ASEAN central banks under a single multilateral agreement to enhance cross-border payments.

    Crypto / Digital Assets

    NY Fed, MAS to Test CBDC-based Cross-Border Payments

    By Editors | 11/11/2022

    “Project Cedar Phase II x Ubin+” will seek to enhance designs for atomic settlement of cross-border cross-currency transactions, leveraging wholesale CBDCs as a settlement asset.

    Crypto / Digital Assets

    HashKey Obtains New Approvals in Hong Kong, Singapore

    By Editors | 10/11/2022

    HashKey has full approval to operate a crypto trading platform in Hong Kong and in-principle approval to offer fund management services in Singapore.

    ESG / Sustainability

    NGFS Launches New Blended Finance Initiative

    By Sanday Chongo Kabange | 10/11/2022

    The initiative, co-led by MAS and DNB, will result in a “Blended Finance Handbook” and “demonstrative projects”.

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