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Capital / Liquidity
MAS Urges Continued Prudence as Covid Uncertainties Linger
By Editors | 06/12/2021
The potential for further credit quality deterioration remains, especially if downside risks from the pandemic materialise and cause prolonged disruptions to economic activity.
Fintech / Regtech
MAS Grants Fourth Digital Payment Token Licence
By Editors | 30/11/2021
Crypto payments firm TripleA is the fourth company to receive a DPT licence in Singapore after FOMO Pay, DBS Vickers and Independent Reserve.
MAS, IBF Offer Support to Enhance Family Office Skillsets
By Editors | 29/11/2021
New skills maps have been launched as a resource for training providers and FIs to design family office-related training.
Fintech / Regtech
Singapore Strengthens Financial Connectivity with Chongqing
By Mark Johnston | 25/11/2021
Ten MOUs were signed between Singapore and Chongqing banks and industry bodies at the 4th China-Singapore (Chongqing) Connectivity Financial Summit.
Securities / Derivatives
MAS Proposes Amendments to the Business Trusts Act
By Editors | 25/11/2021
Business trusts will have to obtain and maintain information on beneficial ownership and disclose their CEOs’ interests in transactions.
Enforcement
MAS Considers ‘Appropriate Supervisory Actions’ After DBS Outage
By Mark Johnston | 24/11/2021
MAS considering “appropriate supervisory actions” following two days of digital services disruption at DBS Bank.
AML / KYC
The Rising Standards of AML/CFT Compliance in Hong Kong
By Susanne Harris | 22/11/2021
Mayer Brown’s Susanne Harris, Wei Na Sim, Alan Linning and Charlene Wong discuss key developments in the AML/CFT space in Hong Kong in 2021.
Fintech / Regtech
OCBC ‘Actively Exploring’ Partnerships to Enter Crypto Space
By Manesh Samtani | 21/11/2021
OCBC’s Aditya Gupta says digital assets will be mainstreamed into the financial ecosystem “before we know it”, creating new growth opportunities and revenue streams for banks.
MAS to Enhance Disclosures Provided to Mortgage Borrowers
By Editors | 19/11/2021
MAS proposes to enhance the disclosures regarding possible interest rate changes, while also allowing for borrower acknowledgements to be obtained digitally.
Crypto / Digital Assets
Asia’s Payments Landscape Shines at Singapore Fintech Festival
By Mark Johnston | 16/11/2021
The Asian fintech scene witnessed a raft of new announcements at this year’s Singapore Fintech Festival held from 8-12 November 2021.
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