Regulator’s managing director says Singapore lacks the capital and talent of other fintech centres.
US bank’s Hong Kong securities operation says to review internal controls to ensure compliance.
Norms for client code modifications also liberalised.
Regulator says it could approve the proposal as early as this November.
Central bank has closed 15 lenders so far this year; aiming to strengthen local banks as presence of foreign institutions expands.
EU, Australia, Japan and HK deferments could be followed by US and Japan; call variation margining plans into question.
Letter to regulated entities says CPS 226 implementation deferred due to international delays.
Regulator set to unify licensing regime in bid to boost electronic payments industry.
Steps aim to improve liquidity and boost corporate bond markets.
Gap between fintech and traditional banking made clear in responses to Productivity Commission inquiry.