Singapore

Enforcement

MAS Charges Two Insurance Agents for Falsifying Documents

By Editors | 23/05/2022

Two insurance agents of Prudential Assurance Company Singapore provided false information to MAS in relation to an investigation it was pursuing.

Market Infrastructure

New Visa Rules Will Not Hinder Access to Foreign Talent: Menon

By Editors | 21/05/2022

MAS managing director Ravi Menon addressed concerns that a revised scoring system for employment pass applicants could impede hiring by Singapore FIs.

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.