Singapore

An investor used share financing facilities from two banks and third-party trading accounts procured by three brokers to manipulate the price of Sky One Holdings shares.

Banks are "strongly encouraged" to avail themselves of MAS liquidity facilities so that they can better serve customers.

MAS is working with banks and insurers to see how best to help businesses and individuals with loan obligations and insurance premium payments.

MAS, SGX RegCo and ACRA expect all issuers to comply with the Ministry of Health’s mandatory safe distancing measures. Legislative amendments will be introduced.

Singapore and Australia have committed to allowing financial institutions to choose where their data is stored and prohibiting data localisation, among a raft of other agreements.

Hong Kong, Singapore and Indonesia were assessed as compliant with global standards for the net stable funding ratio and large exposures framework.

TMF Trustees Singapore was penalised SG$400,000 for failing to verify the source of wealth and monitor transactions on an ongoing basis.

Measures include segregating attendees across various venues, adopting digital tools to conduct general meetings, and a 250-person limit at any given venue.

Banks aim to start active trading in SORA derivatives in the second half of the year, and SORA-based loans will launch by year-end.

The first five individuals abused their clients' trust for their personal gain and the last evaded taxes. All six also received prison sentences.