Market Infrastructure

AML / KYC

MAS Payment Services Bill Finalised, Tabled in Parliament

By Manesh Samtani | 19/11/2018

The Bill aims to provide a more conducive environment for innovation in payment services, while ensuring that risks across the payments value chain are mitigated.

Market Infrastructure

New Zealand Banks Must Address Risks from Sales-Linked Incentives – FMA

By Manesh Samtani | 19/11/2018

The FMA expects banks to change sales-linked incentives, or explain how they will strengthen controls to address the risk of inappropriate sales.

Market Infrastructure

Singapore Banking Body Publishes Cybersecurity Assessment Guidelines

By Editors | 16/11/2018

The guidelines provide financial institutions with best practices and guidance on planning and conducting Red Teaming exercises to enhance security testing.

Market Infrastructure

Singapore’s UOB Completes Cross-Border P2P Payments in Real Time

By Editors | 16/11/2018

In a demo at Singapore FinTech Festival, multiple funds transfers were conducted between a UOB Singapore account and a UOB Thailand account in real time via the bank’s mobile app.

Market Infrastructure

FSB Issues Progress Report on Interest Rate Benchmark Reform

By Manesh Samtani | 15/11/2018

The FSB notes progress to strengthen major IBORs and identify RFRs and other alternative reference rates, highlighting actions taken in Australia, Hong Kong and Singapore.

Capital / Liquidity

India’s Government, RBI Close to Solution on Bank Lending Dispute

By Garima Chitkara | 15/11/2018

The government and RBI have reached a temporary agreement on some issues after an unprecedented public spat between the two caused alarm about the central bank’s independence.

Market Infrastructure

SGX to Distribute China Interbank Bond Indices to International Investors

By Garima Chitkara | 15/11/2018

The agreement to distribute CFETS-BOC bond indices outside of China is just one among four agreements signed between China and Singapore this week.

Market Infrastructure

Singapore Pledges $5bn to Private Equity, Venture Capital Firms

By Garima Chitkara | 14/11/2018

At Singapore Fintech Festival, MAS said it will place up to $5bn for management with private equity and venture capital firms focused on infrastructure and enterprise financing.

Market Infrastructure

SGX to Launch New T+2 Securities Settlement System from 10 December

By Manesh Samtani | 14/11/2018

Among several other enhancements, moving from a T+3 to a T+2 settlement cycle will harmonise Singapore with stock markets in Australia, the EU, Hong Kong and the US.