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MAS Revises Notice on Unsecured Credit Facilities for Retail
By Editors | 19/05/2022
Banks should not increase credit limits if the total outstanding unsecured credit would exceed 6 times the borrower’s monthly income.
Market Infrastructure
Singapore Consults on Adjustment Spreads for Legacy SOR Contracts
By Manesh Samtani | 19/05/2022
Declining liquidity in the SOR-SORA basis swap market is causing difficulties in pricing adjustment spreads used to covert legacy SOR contracts to SORA-based contracts.
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.
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