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Enforcement
MAS Bans Former Representative Over Forgery Conviction
By Editors | 04/06/2021
The former representative deceived online platform OANDA into crediting money into his personal trading account through forged screenshots of a bank transfer.
Crypto / Digital Assets
MAS Issues Guidance on Managing Risks of Cloud Services
By Editors | 04/06/2021
In a new advisory, MAS highlights the key risks and control measures FIs should consider before adopting public cloud services.
Market Infrastructure
Singapore Seeks to Enhance VCC Fund Structure
By Manesh Samtani | 04/06/2021
The enhancements will expand the types of investors that can use the VCC and ease conversion and redomiciliation processes.
Crypto / Digital Assets
DBS Issues First STO on New Digital Exchange
By Sanday Chongo Kabange | 01/06/2021
The issuance paves the way for other issuers to access the capital markets through STO issuances as asset tokenisation turns mainstream, DBS says.
Market Infrastructure
MAS Issues Consultation Response on Credit Reporting Regulations
By Manesh Samtani | 01/06/2021
Licensed credit bureaus will be required to establish a Code of Conduct and comply with requirements on technology risk management and cyber security.
Securities / Derivatives
MAS Raises Focus on Fund Liquidity Risk Practices
By Manesh Samtani | 31/05/2021
MAS wants funds to increase the frequency of liquidity risk monitoring and to extend reporting of significant redemptions to non-retail funds.
Fintech / Regtech
MAS Partners with Mojaloop Foundation on Financial Inclusion
By Editors | 27/05/2021
The partnership will bring together MAS’ policy development perspectives and Mojaloop’s digital payments capability to advance financial inclusion.
Market Infrastructure
Nomura to Set Up Electronic FX Trading Engine in Singapore
By Ranamita Chakraborty | 20/05/2021
The electronic FX pricing and trading engine will improve execution infrastructure, access to liquidity and price discovery for clients.
ESG / Sustainability
Singapore Taskforce Issues Climate Disclosure Guide for FIs
By Editors | 19/05/2021
GFIT also announced a framework for green trade finance and published a roadmap to scale green finance in the real estate, infrastructure, fund management and transition sectors.
Big Picture
Conduct Risk Management Shifts to ‘Predict and Prevent’ Approach
By Manesh Samtani | 18/05/2021
In its annual Compendium on culture and conduct risk supervision, Starling highlights a shift from ‘detect and correct’ to ‘predict and prevent’.
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