Singapore

    Capital / Liquidity

    MAS Gets New Mechanism to Transfer Excess Reserves to GIC

    By Darien Choong | 17/01/2022

    MAS will transfer about SGD 185 billion in excess reserves to the government in stages. GIC is estimated to become the world’s third-largest sovereign wealth fund as a result.

    ESG / Sustainability

    SGX to Launch Battery Metal Futures in H1 2022

    By Editors | 12/01/2022

    Futures contracts in cobalt metal, cobalt hydroxide, lithium carbonate and lithium hydroxide will be launched subject to regulatory approval.

    Securities / Derivatives

    UPDATED – Singapore to See First SPAC Listings Within January

    By Mark Johnston | 12/01/2022

    Prospectuses have been filed by Vertex Technology Acquisition Corporation, Pegasus Asia, and Novo Tellus Capital Partners.

    Fintech / Regtech

    MAS Publishes Global CBDC Challenge 2021 Report

    By Editors | 11/01/2022

    MAS hopes to galvanise the financial ecosystem to co-create the next generation of payment rails built on the latest innovations.

    Enforcement

    Singapore Police, MAS Launch Probe into Unlicensed Trading Platform

    By Editors | 05/01/2022

    Three arrests have been made amid suspicions that “irregular trading activities have been carried out on the platform”.

    ESG / Sustainability

    The Golden Thread Running Through Sustainability

    By Michael Tang | 05/01/2022

    Michael Tang discusses SGX’s progressive approach to sustainability reporting, and the need for boards to consider what is best suited for the business, its operations and stakeholders.

    AML / KYC

    SG Police Warns of Phishing Scams Impacting OCBC Customers

    By Editors | 02/01/2022

    At least 469 victims have fallen prey to phishing SMS scams during December 2021, with losses amounting to at least SGD 8.5 million.

    Securities / Derivatives

    SGX Grants In-principle Approval for Two SPAC Listings

    By Editors | 30/12/2021

    Temasek-backed Vertex Venture Holdings and Tikehau Capital have received eligibility-to-list letters from SGX following their SPAC listing applications.

    Market Infrastructure

    MAS Unveils Initiatives to Open Access to China ETFs, Bonds

    By Editors | 29/12/2021

    SGX and SZSE have signed an MoU to establish an ‘ETF Connect’ mechanism. SGX is also in discussions with CFETS to establish bond market connectivity.

    Securities / Derivatives

    The Rise of the SPAC Wave on Singapore’s Shores

    By Johnny Lim | 28/12/2021

    Johnny Lim and Michael Kwan consider SPAC developments around the world and set out considerations for those searching for the preferred listing destination.

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