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.
Requirements on balance sheet reporting a stiff challenge for banks despite regulators' nods to technology’s potential, says Axiom SL.
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.
Technology will be offered 1st in Singapore to meet January 2018 IFRS 9 deadline, can be extended to stress testing and other regulatory requirements.
Resolution regime includes four stage assessment criteria for financial institutions, emphasises private sector role; to be operationalised ‘in due course’.
Recent introduction of MYR futures in offshore exchanges a contravention to its foreign exchange management policy and rules.