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Conduct, Culture & Accountability
Singapore’s Insurers Gets New Culture and Conduct Guidance
By Ranamita Chakraborty | 23/03/2022
Two new papers have been published to help Singapore’s insurance industry in elevating their culture and conduct standards.
CBDCs
BIS, Central Banks Complete Development of Multi-CBDC Prototypes
By Sanday Chongo Kabange | 23/03/2022
The initial phase of Project Dunbar has proved that the concept of multi-CBDCs is technically viable, says a new project report.
Fraud, Scams & Cybercrime
MAS Bars Former DBS Wealth Planner for Cheating Clients
By Editors | 20/03/2022
The former DBS Bank wealth planning manager fraudulently deceived clients into transferring SGD 490,000 into his personal bank account.
ESG Data
MAS, CDP Partner to Enhance Access to Quality ESG Data
By Editors | 20/03/2022
MAS and CDP will collaborate to explore the exchange of information between CDP’s disclosure system and MAS’ Project Greenprint.
PEPs & Sanctions
MAS Issues Guidance on Russia Sanctions Compliance
By Manesh Samtani | 17/03/2022
Crypto exchange operators have all been instructed to provide details of their Russia-linked clients to the regulator.
Cryptocurrency
DTC, Hodlnaut Get In-Principle Approval for DPT Services in SG
By Editors | 17/03/2022
Digital Treasures Center enables merchants to accept crypto in payments. Hodlnaut offers cryptocurrency borrowing and lending services.
Stablecoins
MAS Guidance on Stablecoins Set to Impact Crypto Firms
By Manesh Samtani | 15/03/2022
Stablecoins must be treated as DPTs rather than e-money. A new notice specifies a risk warning that must be provided to all customers of DPT services.
Custody & Infrastructure
Paxos, Sygnum to Offer Digital Asset Services in Singapore
By Editors | 11/03/2022
Paxos will gain a DPT licence under the Payment Services Act. Sygnum will provide fund unit tokenisation and securitise NFTs and metaverse assets.
Reporting & Disclosures
Greening Asia Through Data and Regulation
By Steven Yankelson | 09/03/2022
Effective and efficient ESG risk management and reporting practices can be enabled through better data and technology, says Steven Yankelson.
Trading & Investment
Best Execution Requirements Come into Force in Singapore
By Manesh Samtani | 08/03/2022
MAS finalised the best execution requirements in September 2020, giving firms an 18-month transitional period for compliance.
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