Singapore banks will put in place the more stringent measures within the next two weeks
The draft rules enable DvP settlement for proprietary and custody businesses involving institutional investors by linking securities transfers to cash payments.
The rule amendments limit board tenure to 12 years, require the appointment of at least one woman director, and enhance transparency on board appointments.
Deutsche Börsem, including European Energy Exchange, will explore opportunities to cooperate with and Guangzhou Futures Exchange to develop green finance products and services.
Banks should aim to have all their FX trades become eligible for PvP settlement, while also encouraging counterparties to do the same.
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