Enforcement

SFC Bans Former StanChart Licensee for Life

28/10/2021

The former licensee failed to disclose to the SFC in licensing applications that he was the subject of a criminal investigation.

Fintech / Regtech

Singapore Sees Launch of DLT-based Payment Platform, Partior

27/10/2021

With its genesis in MAS’ Project Ubin, Partior was founded by DBS, JPMorgan and Temasek last year seeking to disrupt the traditional cross-border payments model.

Fintech / Regtech

Nigeria Launches Central Bank Digital Currency, eNaira

27/10/2021

The eNaira is expected to boost cross-border trade and financial inclusion, improve transaction efficiency, and make monetary policy more effective.

Capital / Liquidity

APRA Defers Implementation of IRRBB, FRTB, CVA Risk

27/10/2021

The prudential standard for IRRBB will now take effect from 1 January 2024. The FRTB and CVA risk frameworks will take effect from 1 January 2025.

Market Infrastructure

Deutsche Bank Launches FX Trading Infrastructure in Singapore

27/10/2021

The launch is in line with a MAS objective to develop Singapore into a regional FX trading hub. RBC Capital Markets and Nomura also plan similar launches later this year.

Singapore Launches New Family Office Network, GFO Circle

27/10/2021

The GFO Circle is a “one-of-a-kind” public-private partnership to bring the family office industry together, said MAS executive director Ms Thong Leng Yeng.

HK to Maintain Covid Restrictions Despite Plea from FIs – Report

27/10/2021

A government spokesperson reportedly said the city continue to strive to reach ‘zero infection’ and the top priority remains reopening travel to the mainland.

Capital / Liquidity

International Standard Setters Launch Review into Margin Practices

26/10/2021

While centrally cleared and non-centrally cleared markets faced similar levels of volatility in March and April 2020, IM requirements increased significantly only for centrally cleared derivatives.

Securities / Derivatives

Taiwan to Relax Share Issuance Rules for Listed Companies

26/10/2021

The changes would allow listed companies to file an application covering multiple issuances of new shares within a two-year period.