ADVERTISEMENT
Capital / Liquidity
MAS Gets New Mechanism to Transfer Excess Reserves to GIC
By Darien Choong | 17/01/2022
MAS will transfer about SGD 185 billion in excess reserves to the government in stages. GIC is estimated to become the world’s third-largest sovereign wealth fund as a result.
Fintech / Regtech
MAS Publishes Global CBDC Challenge 2021 Report
By Editors | 11/01/2022
MAS hopes to galvanise the financial ecosystem to co-create the next generation of payment rails built on the latest innovations.
Enforcement
Singapore Police, MAS Launch Probe into Unlicensed Trading Platform
By Editors | 05/01/2022
Three arrests have been made amid suspicions that “irregular trading activities have been carried out on the platform”.
Market Infrastructure
MAS Unveils Initiatives to Open Access to China ETFs, Bonds
By Editors | 29/12/2021
SGX and SZSE have signed an MoU to establish an ‘ETF Connect’ mechanism. SGX is also in discussions with CFETS to establish bond market connectivity.
Market Infrastructure
Singapore, Shanghai Bolster Collaboration in Finance, Innovation
By Darien Choong | 22/12/2021
A public private sector workgroup was established by MAS and the Shanghai Municipal Financial Regulatory Bureau to deepen bilateral financial cooperation and connectivity.
AML / KYC
Hong Kong, Singapore Authorities Arrest 10 in Joint Operation
By Manesh Samtani | 16/12/2021
Six senior executives of Hong Kong listed companies were among those arrested, for operating a cross-border pump-and-dump manipulation scheme.
Crypto / Digital Assets
Binance Withdraws DPT Licence Application in Singapore
By Mark Johnston | 15/12/2021
Binance’s recent investment in Hg Exchange rendered its licensing application “somewhat redundant”, CEO Changpeng Zhao said.
Securities / Derivatives
MAS to Raise Corporate Finance Due Diligence Standards
By Editors | 15/12/2021
The new rules will require corporate finance advisers to establish a governance framework for due diligence which includes ensuring the veracity of information obtained.
Fintech / Regtech
BIS Paper Says Suptech Tools Could Diminish Supervisory Judgment
By Manesh Samtani | 12/12/2021
The increasing use of suptech tools may diminish supervisory judgment, which could lead to “supervisory blind spots” and a “broader loss of institutional knowledge”.
Press Release
Vizor Recognised for Regulatory Reporting Initiatives in APAC
By Editors | 10/12/2021
Vizor by Regnology worked with key APAC regulators to implement new data collection platforms and has a new regulatory reporting solution for FIs.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team