MARKET INFRASTRUCTURE

Market Infrastructure

New Supervisory Framework for Internationally Active Insurers

By Editors | 15/11/2019

The global framework comprises an enhanced set of supervisory policy measures and powers of intervention, along with an annual IAIS global monitoring exercise.

Market Infrastructure

ASIC Offers Guidance to Help Companies Establish Whistleblower Policies

By Editors | 14/11/2019

ASIC is offering guidance to help companies and implement whistleblower policies. It will be a legal requirement to have a policy in place from 1 January.

Market Infrastructure

Singapore Deepens Cooperation with French, Canadian Regulators

By Garima Chitkara | 13/11/2019

French central bank establishes first Asian office in Singapore to enhance financial market cooperation; Canadian securities authorities pledge information exchange and fintech access.

Market Infrastructure

ABS Announces Simplified PayNow Mobile Payments with SGQR

By Editors | 12/11/2019

The Association of Banks in Singapore is trying to increase the convenience of peer-to-peer funds transfer service PayNow and make it “the ubiquitous payment mode in Singapore”.

Market Infrastructure

MAS to Establish Singapore as a Leading Centre for Green Finance

By Manesh Samtani | 11/11/2019

Our goal is to be a leading centre for green finance in Asia and globally, said Singapore Minister for Education Ong Ye Kung at Singapore Fintech Festival x SWITCH 2019.

Fintech / Regtech

MAS Showcases Blockchain-based Prototype for Multi-Currency Payments

By Editors | 11/11/2019

The prototype network, developed by MAS in collaboration with JP Morgan and Temasek, will provide interfaces for other blockchain networks to connect and integrate seamlessly.

Market Infrastructure

APRA to Toughen Approach to Regulating Cyber Hygiene at Banks

By Editors | 11/11/2019

APRA has observed areas of common weakness, such as poor cyber hygiene, the lack of a comprehensive security patching regime and poor access management practices.

Market Infrastructure

Malaysia Mandates Fair Treatment of Financial Consumers

By Editors | 10/11/2019

A new BNM policy document sets out expectations for financial firms to prioritise the interests of financial consumers and effectively manage conduct risks.

Market Infrastructure

Myanmar to Open Applications for Foreign Bank Licensing

By Editors | 09/11/2019

Branch licences will allow wholesale banking activities, while subsidiary licences will permit retail banking services in addition to wholesale banking.