Singapore

SGX and a Temasek unit have invested in a new platform that is seeking MAS licensing to enable fundraising in Singapore through security token offerings.

MAS managing director Ravi Menon announced the release of the Fairness, Ethics, Accountability & Transparency, or FEAT, Principles at the Singapore Fintech Festival.

Parties making the voluntary delisting offer to privatise an issuer will not be allowed to vote on the delisting resolution, as is the case in Hong Kong and Australia.

MAS and SGX have developed delivery versus payment capabilities for the settlement of tokenised assets across different blockchain platforms, which they say can help simplify post-trade processes and further shorten settlement cycles in capital markets.

Singapore banks face greater asset risk in 2019, with both Moody's and Fitch expecting loan growth to moderate amid worsening global conditions.

New regulation could lead to industry consolidation and greater institutional money, said panellists at ASIFMA’s annual conference in Singapore.

The derivatives MoU will enhance cross-border supervision and the development of futures markets, while staff exchanges will deepen ties between the agencies.

DTCC’s Oliver Williams explores the use cases of enhanced trade repository data, as Asia's regulators and institutions seek even greater transparency of OTC derivatives markets.

The MoU was signed in June to establish an India-Singapore joint working group aimed at strengthening fintech cooperation.

Coming into force next year, the Payment Services Bill will require e-wallet operators to ring-fence wallet funds from lending activities, a move Moody's says will benefit banks.