Singapore

AML / KYC

Hong Kong, Singapore Authorities Arrest 10 in Joint Operation

By Manesh Samtani | 16/12/2021

Six senior executives of Hong Kong listed companies were among those arrested, for operating a cross-border pump-and-dump manipulation scheme.

Singapore Announces Measures to Cool Property Market

By Editors | 16/12/2021

Measures to tighten financing conditions for both public and private housing will encourage greater financial prudence, the Ministry of Finance said.

Crypto / Digital Assets

Binance Withdraws DPT Licence Application in Singapore

By Mark Johnston | 15/12/2021

Binance’s recent investment in Hg Exchange rendered its licensing application “somewhat redundant”, CEO Changpeng Zhao said.

Securities / Derivatives

MAS to Raise Corporate Finance Due Diligence Standards

By Editors | 15/12/2021

The new rules will require corporate finance advisers to establish a governance framework for due diligence which includes ensuring the veracity of information obtained.

Securities / Derivatives

SGX Unveils Roadmap for Mandatory TCFD-aligned Disclosures

By Manesh Samtani | 15/12/2021

Mandatory climate reporting will be required by listed FIs from financial year 2023. Board diversity policies have to be disclosed in annual reports.

Capital / Liquidity

MAS Urges Continued Prudence as Covid Uncertainties Linger

By Editors | 06/12/2021

The potential for further credit quality deterioration remains, especially if downside risks from the pandemic materialise and cause prolonged disruptions to economic activity.

Securities / Derivatives

SGX Launches First Leveraged and Inverse ETPs

By Editors | 01/12/2021

The listing enables investors to express market views without engaging in traditional leverage strategies that require margin monitoring or shorting, said SGX’s Michael Syn.

Fintech / Regtech

MAS Grants Fourth Digital Payment Token Licence

By Editors | 30/11/2021

Crypto payments firm TripleA is the fourth company to receive a DPT licence in Singapore after FOMO Pay, DBS Vickers and Independent Reserve.

MAS, IBF Offer Support to Enhance Family Office Skillsets

By Editors | 29/11/2021

New skills maps have been launched as a resource for training providers and FIs to design family office-related training.