Singapore

MAS Revises Notice on Unsecured Credit Facilities for Retail

By Editors | 19/05/2022

Banks should not increase credit limits if the total outstanding unsecured credit would exceed 6 times the borrower’s monthly income.

Market Infrastructure

Singapore Consults on Adjustment Spreads for Legacy SOR Contracts

By Manesh Samtani | 19/05/2022

Declining liquidity in the SOR-SORA basis swap market is causing difficulties in pricing adjustment spreads used to covert legacy SOR contracts to SORA-based contracts.

Securities / Derivatives

NSE Launches First SGX Connect Product at GIFT City

By Editors | 18/05/2022

NSE IFSC-SGX Connect is expected to go fully live in July 2022, with the onboarding of SGX members.

ESG / Sustainability

Singapore Launches ESG Registry Under Project Greenprint

By Manesh Samtani | 17/05/2022

STACS says the registry will provide financial institutions, corporates, and regulators access to quality ESG certifications and data.

ESG / Sustainability

Singapore Listed Companies Form New Industry Body

By Editors | 13/05/2022

The new association will serve as a platform for thought leadership and advocacy, ESG ecosystem building, and corporate access and investor relations.

Enforcement

MAS Imposes S$100,000 Civil Penalty for False Trading

By Editors | 13/05/2022

A woman pledged shares for margin purposes, then bought more near the close to artificially raise their closing prices and increase the value of her collateral.

Market Infrastructure

Singapore Taskforce Issues Second Consultation on Green Taxonomy

By Editors | 13/05/2022

The proposed traffic light-based taxonomy is accompanied by a user guide for financial institutions and companies to apply the taxonomy.

Securities / Derivatives

ADDX, Fullerton Partner to Tokenise Private Equity Fund

By Editors | 11/05/2022

Temasek subsidiary Fullerton Fund Management is issuing tokenised units of a new private equity fund of funds on the ADDX platform.

Fintech / Regtech

MAS Grants Fifth DPT Licence Under PSA to Coinhako

By Editors | 10/05/2022

Coinhako is the fifth firm to receive a full DPT licence under the PSA, after TripleA, FOMO Pay, DBS Vickers and Independent Reserve.