MMFs will face more enforceable requirements than other portfolios, including rules on average maturity, 1-day/5-day redemption.
Decision to work together on distributed ledger, other fintech initiatives belie reputed rivalry between two financial centres.
Proposed market practice rules would end requirement that senior managers pre-approve staff to trade so long as customer information is protected.
Trial has already been completed on interbank transfers; blockchain programme will be extended to include securities sector as well as payments.
Authorities suggest bank may have conducted $1.4bn of transfers to Singapore to avoid being caught under Common Reporting Standard.
Forensic accountancy qualification will be open to financial crime compliance and investigations professionals; ACRA to consider monitoring audit firms.
Banks allowed to provide broader range of services including online sale of consumer goods; MAS cites 'increasing competition from non-bank players'.
Implementation delayed by a year as firms say they might not have met original deadline due to having to make substantial changes to reporting systems.
Panel on cybersecurity and resilience includes representatives from Accenture, JPMorgan, London Stock Exchange, PwC and Standard Chartered Bank.
SGX RegCo will begin operations on Friday (12 September) with three new board members joining Tan Cheng Han and Tan Boon Gin at the helm.
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