Singapore

Crypto / Digital Assets

MAS Rescinds IPA Granted to Crypto Lender Hodlnaut

By Editors | 11/08/2022

Hodlnaut froze withdrawals, token swaps and deposits on its platform on Monday to focus on stabilising its liquidity and preserving assets.

Capital / Liquidity

MAS Revises Notice to Implement IRRBB Disclosure Requirements

By Editors | 09/08/2022

The revised Notice 637 will take effect from 1 January 2023, implementing the revised Pillar 3 disclosure requirements for IRRBB.

Fintech / Regtech

MAS Sets Out Expectations on Third Party Risk Management 

By Editors | 08/08/2022

MAS conducted thematic inspections on the operational risk management standards and practices of selected banks, with a focus on third party risk management.

AML / KYC

DBS-led Hackathon to Tackle Fraud Challenges

By Editors | 04/08/2022

More than 100 law enforcers, lawyers, bank staff and other professionals have assembled into teams to brainstorm new solutions to stop scams.

ESG / Sustainability

Data with Destiny: Bridging Asia’s ESG Information Gap

By Editors | 02/08/2022

While there has been a surge of data disclosure in Asia, the lack of a unified set of rules across the region opens the door for inconsistencies.

Crypto / Digital Assets

MAS Grants DPT Licences to Sparrow, Digital Treasures Center

By Manesh Samtani | 02/08/2022

Sparrow and DTC were granted in-principle approval earlier this year. MAS will be consulting on proposed measures to enhance its regulatory framework in the next few months.

ESG / Sustainability

Singapore to Launch Inaugural Sovereign Green Bond Sale

By Editors | 01/08/2022

Both institutional and retail investors will be able to apply to purchase the bonds, which will be launched via a book-building process this week.

Market Infrastructure

SGX, NSE Formally Launch Trading Link at GIFT City

By Editors | 01/08/2022

NSE IFSC-SGX Connect is ready to trade and clear Nifty equity derivatives for global institutions, with seven SGX members already onboarded.

ESG / Sustainability

MAS Issues Sustainability Report, New Guidelines for ESG Funds

By Darien Choong | 29/07/2022

The new guidelines will take effect from 1 January 2023, requiring fund managers in Singapore to disclose more information for any retail funds sold with ESG label.