Monetary Authority of Singapore

    ESG / Sustainability

    Singapore Launches ESG Registry Under Project Greenprint

    By Manesh Samtani | 17/05/2022

    STACS says the registry will provide financial institutions, corporates, and regulators access to quality ESG certifications and data.

    Big Picture

    Bank Culture Regarded as Critical Governance Priority: Report

    By Manesh Samtani | 16/05/2022

    Financial regulators are prioritising psychological safety, ‘speak up’ culture, and the ability to “predict and prevent” stakeholder harm, says a report from Starling.

    Enforcement

    MAS Imposes S$100,000 Civil Penalty for False Trading

    By Editors | 13/05/2022

    A woman pledged shares for margin purposes, then bought more near the close to artificially raise their closing prices and increase the value of her collateral.

    Market Infrastructure

    Singapore Taskforce Issues Second Consultation on Green Taxonomy

    By Editors | 13/05/2022

    The proposed traffic light-based taxonomy is accompanied by a user guide for financial institutions and companies to apply the taxonomy.

    Securities / Derivatives

    ADDX, Fullerton Partner to Tokenise Private Equity Fund

    By Editors | 11/05/2022

    Temasek subsidiary Fullerton Fund Management is issuing tokenised units of a new private equity fund of funds on the ADDX platform.

    Fintech / Regtech

    MAS Grants Fifth DPT Licence Under PSA to Coinhako

    By Editors | 10/05/2022

    Coinhako is the fifth firm to receive a full DPT licence under the PSA, after TripleA, FOMO Pay, DBS Vickers and Independent Reserve.

    Market Infrastructure

    LSEG to Launch New NDF Matching Venue in Singapore

    By Editors | 09/05/2022

    The fully cleared NDF matching venue will be open for integration testing later this year, with a full production launch in mid-2023.

    Enforcement

    Two Convicted in Singapore’s Largest-ever Market Manipulation Case

    By Editors | 06/05/2022

    Two individuals were convicted on 349 charges for controlling and using 187 trading accounts to manipulate three penny stocks before they collapsed in October 2013.

    AML / KYC

    Singapore: Revolut, Luno Get In-Principle Approval to Offer DPT Services

    By Editors | 02/05/2022

    MAS managing director Ravi Menon described the licensing process as necessarily stringent for Singapore to be a responsible global crypto hub.

    AML / KYC

    MAS Issues Guidance on Uplifting Name Screening Systems

    By Manesh Samtani | 30/04/2022

    MAS observed an overreliance on system vendors to set the screening parameters. Most FIs did not enquire about or assess vendors’ information sources.

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