Monetary Authority of Singapore

Trust in Singapore Banking Industry is Increasing: ABS

By Manesh Samtani | 26/04/2022

ABS highlighted banks’ efforts to improve complaints handling, tackle digital scams, and enhance accountability, conduct and culture.

Enforcement

MAS Penalises Two CIMB Securities Brokers for False Trading

By Editors | 26/04/2022

The two brokers rigged the market for Kris Wiluan, who was convicted and fined in May 2021 for manipulating the stock prices of KS Energy where he was CEO.

Enforcement

MAS Consults on Revised Misconduct Reporting Requirements

By Manesh Samtani | 24/04/2022

Misconduct reports will have to be submitted to MAS within 21 calendar days after an FI has found reasonable grounds to believe that misconduct has been committed.

Crypto / Digital Assets

Asset Managers Should Put Customers at Heart: SGX

By Manesh Samtani | 21/04/2022

At the IMAS Digital Summit 2022, SGX CEO Loh Boon Chye discussed the exchange’s approach to digital assets and technology adoption.

ESG / Sustainability

ABS Launches Environmental Risk Questionnaire for Banks

By Editors | 21/04/2022

The ABS has launched an industry standard template to help banks engage corporate clients in the assessment and mitigation of environmental risk issues.

AML / KYC

20 Year Old Pleads Guilty in OCBC Phishing Scam Case

By Editors | 20/04/2022

The individual worked with other youths to provide overseas syndicates control of bank accounts that were used to receive and dissipate funds obtained through scams.

Securities / Derivatives

Singapore Tightens Requirements for Family Office Tax Breaks

By Editors | 19/04/2022

The new requirements are expected to slow the market’s growth but over time attract larger and more wealthy families to set up in Singapore.

Fintech / Regtech

PwC Publishes 2022 Rankings of Global Retail, Wholesale CBDCs

By Sanday Chongo Kabange | 14/04/2022

The highest ranking retail CBDC projects were from Nigeria, the Bahamas, and China. The highest ranking wholesale CBDC projects were from Thailand, Hong Kong and Singapore.

Fintech / Regtech

Australia, Singapore to Deepen Collaboration via ‘FinTech Bridge’

By Editors | 13/04/2022

The bilateral FinTech Bridge will enable stronger cooperation and collaboration on policy and regulation to better support the cross-border growth of the fintech industry.