Singapore

China Joins Stampede to Regulate ICOs

Regulators to introduce rules on ICOs/ITOs which raised nearly $400mn in 1st half of 2017; follows moves by the US and Singapore in July.

SAS, KPMG Launch Microsoft Azure-based IFRS 9 Solution

Technology will be offered 1st in Singapore to meet January 2018 IFRS 9 deadline, can be extended to stress testing and other regulatory requirements.

Singapore Regulator Issues Resolution Regime

Resolution regime includes four stage assessment criteria for financial institutions, emphasises private sector role; to be operationalised ‘in due course’.

Malaysia Comes Out Against MYR Trading on SGX and ICE

Recent introduction of MYR futures in offshore exchanges a contravention to its foreign exchange management policy and rules.

BIS Releases Policy Papers on Regulatory Proportionality and Cyber-risk

Papers analyses regional divergence in frameworks across Singapore, Hong Kong and Japan.

Singapore Brings ICO’s Within Regulatory Ambit

Singapore regulator announces intention to regulate ICO's that share characteristics of debt or equity securities.

MAS Issues Capital Adequacy Consultation

Singapore Regtechs Innovate New KYC Methods

NSFR Pushes Singapore Banks to Prioritise Long-term Funding

NSFR requires locally-based D-SIBS to have customer deposits, long-term wholesale funding and equity sufficient to cover extended period of market stress.

Singapore Market Infrastructure Regime Gains CPMI/IOSCO Approval

Peer review finds MAS meets all but one of 24 principles designed to shore up systemically important market infrastructure including central counterparties.