Singapore

Crypto / Digital Assets

Singapore Deputy PM Defends Temasek Over FTX Loss

By Manesh Samtani | 01/12/2022

The FTX loss is disappointing, but it does not imply that the governance system is not working, deputy PM Lawrence Wong said.

Fintech / Regtech

Experian Appointed Bureau Operator for Singapore BNPL Industry

By Editors | 30/11/2022

Experian will facilitate creditworthiness checks for consumers using credit information submitted by all accredited BNPL players in Singapore.

Capital / Liquidity

MAS Plans to Adopt BCBS Risk Weights for Cryptoassets

By Manesh Samtani | 30/11/2022

MAS will require Singapore banks to apply a 1250% risk weight for exposures to Bitcoin and Ether, pending the finalisation of the BCBS framework.

AML / KYC

Singapore Police Launch Probe into Crypto Lender Hodlnaut

By Editors | 29/11/2022

The police said they received multiple reports between August and November 2022 alleging false representations by that Hodlnaut and/or its directors.

ESG / Sustainability

SGX to Help Investors Identify Bonds Meeting Sustainability Standards

By Editors | 29/11/2022

Issuers that meet certain recognised standards will be able to use an ‘SGX Sustainable Fixed Income’ mark to identify their securities.

Fintech / Regtech

UK, Singapore to Deepen Collaboration on FinTech, Sustainable Finance

By Editors | 26/11/2022

The UK and Singapore agreed to deepen cooperation on FinTech and sustainable finance, including to explore a global framework for regulating ESG ratings and data providers.

Securities / Derivatives

SGX Issues New Standards for Virtual/Hybrid General Meetings

By Editors | 25/11/2022

The standards cover the functional capabilities, availability levels, and recovery provisions of systems that enable issuers to hold virtual and hybrid general meetings.

Fintech / Regtech

DBS Completes First Intraday Repo Trade on JPM Blockchain Network

By Editors | 24/11/2022

DBS said it is the first Asian bank to complete an intraday repo transaction using the Onyx network, created by JP Morgan in 2020.

Crypto / Digital Assets

MAS Explains Different Treatment of Binance, FTX

By Sanday Chongo Kabange | 23/11/2022

While both Binance and FTX are not licensed Singapore, only Binance was “actively soliciting users” in Singapore, so it was added to the Investor Alert List.