The PBOC will allow designated Singapore banks to offer trading and custody services for China’s bond market, starting with DBS.
At the ICA's 2nd Annual APAC Conference this week, MAS assistant managing director Loo Siew Yee talked about the new techniques being used to improve AML/CFT detection and risk mitigation.
SGX RegCo is enhancing its cooperation with professional bodies to improve the valuation of property, land and businesses held by listed companies.
The former representatives from Great Eastern Life, Prudential and UOB abused the trust clients placed in them and enriched themselves at the expense of clients, MAS said.
Singapore banking sector players are tasked with finding a balance between open innovation and regulatory compliance, says Finastra's Wissam Khoury.
The former banker allegedly told his victims their funds would be placed as fixed deposits or in financial products, resulting in client losses over S$1.9mn.
Two former directors of proprietary trading company Joerik Financial were jailed for fraud and dishonest conduct in relation to the trading of futures contracts.
CSAP members cite poor risk culture as a frequent contributing factor during cyber incidents, highlighting that clear expectations must be set at the board and senior management level.
The price limits will prevent order matching beyond a certain range of the last traded price for the securities market's opening, mid-day and closing auction routines.
The IBF, MAS, SkillsFuture and Workforce Singapore jointly developed the framework to help finance industry professionals upgrade their skills and remain relevant.