Singapore

    Singapore Proposes Regulatory Regime for Debt Collectors

    By Editors | 21/06/2022

    The proposed legislation is aimed at addressing a rise in police reports against debt collectors who “caused alarm and nuisance”, the MHA said.

    Market Infrastructure

    LCH Extends Central Clearing for SORA Derivatives to 31 Years

    By Editors | 21/06/2022

    The extension will encourage further development of the SORA derivatives market and deepen liquidity in longer tenors of SORA OIS.

    Market Infrastructure

    MAS Carries Out Cyber Resilience Exercise with French Regulators

    By Editors | 19/06/2022

    The joint exercise “fully confirmed” the ability of the MAS, BdF and ACPR to exchange and share information efficiently in times of crisis.

    AML / KYC

    Singapore Trade Finance Registry to Go Live in Q4

    By Editors | 16/06/2022

    The Association of Banks in Singapore has selected MonetaGo and GUUD to deliver a registry that will prevent duplicate financing and fraud.

    Market Infrastructure

    UK-Singapore Digital Economy Agreement Enters Into Force

    By Darien Choong | 15/06/2022

    The agreement promotes cooperation on cross-border data flows, fintech, cybersecurity, and mutual recognition of digital identity systems.

    AML / KYC

    Japan, Singapore to Explore Mutual Recognition of Digital Identity

    By Editors | 14/06/2022

    Mutual recognition of digital identity credentials is part of an agreement to cooperate on the digital transformation of government services.

    Crypto / Digital Assets

    ADDX to Recognise Crypto Assets for Investor Onboarding

    By Sanday Chongo Kabange | 14/06/2022

    ADDX will begin recognising bitcoin and ether using a 50 percent haircut and stablecoin USDC using a 10 percent haircut.

    Enforcement

    Singapore Court Jails Listed Company CFO for Insider Trading

    By Editors | 13/06/2022

    The former CFO of Broadway Industrial Group communicated information to two friends about the sale of two of the company’s businesses 2016.

    Enforcement

    Singapore Police Arrest Eight Involved in SMS Phishing Scams

    By Editors | 10/06/2022

    The scammers were arrested after more than SGD 60,000 was lost in SMS phishing scams targeting DBS customers.

    ESG / Sustainability

    Singapore Prepares to Issue First Sovereign Green Bonds

    By Darien Choong | 10/06/2022

    Singapore authorities have published a framework setting out how the government will issue and manage sovereign green bond issuances.

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