Singapore

The agreement builds on the existing fintech bridge between the UK and Singapore and intends to foster closer ties on fintech industry initiatives.

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

India's Prime Minister Narendra Modi on 14 November at Singapore Fintech Festival announced the launch of APIX, an online marketplace and sandbox for cross-border fintech services.

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.

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.

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

Singapore can do more to prevent sanctions violations by domestic firms playing out on the international stage, says Eric A. Sohn at Dow Jones Risk & Compliance.

The regulator wants to streamline the application and approval process for regulated activities where risks are generally low or well understood and could be reasonably contained.

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.

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.