Singapore

Fintech / Regtech

Singapore Strengthens Financial Connectivity with Chongqing

By Mark Johnston | 25/11/2021

Ten MOUs were signed between Singapore and Chongqing banks and industry bodies at the 4th China-Singapore (Chongqing) Connectivity Financial Summit.

Securities / Derivatives

MAS Proposes Amendments to the Business Trusts Act

By Editors | 25/11/2021

Business trusts will have to obtain and maintain information on beneficial ownership and disclose their CEOs’ interests in transactions.

Enforcement

MAS Considers ‘Appropriate Supervisory Actions’ After DBS Outage

By Mark Johnston | 24/11/2021

MAS considering “appropriate supervisory actions” following two days of digital services disruption at DBS Bank.

Fintech / Regtech

OCBC ‘Actively Exploring’ Partnerships to Enter Crypto Space

By Manesh Samtani | 21/11/2021

OCBC’s Aditya Gupta says digital assets will be mainstreamed into the financial ecosystem “before we know it”, creating new growth opportunities and revenue streams for banks.

MAS to Enhance Disclosures Provided to Mortgage Borrowers

By Editors | 19/11/2021

MAS proposes to enhance the disclosures regarding possible interest rate changes, while also allowing for borrower acknowledgements to be obtained digitally.

Crypto / Digital Assets

Asia’s Payments Landscape Shines at Singapore Fintech Festival

By Mark Johnston | 16/11/2021

The Asian fintech scene witnessed a raft of new announcements at this year’s Singapore Fintech Festival held from 8-12 November 2021.

AML / KYC

Singapore, UAE Conclude Digital Trade Financing Pilot

By Editors | 12/11/2021

The pilot enabled trading counterparties and transacting banks to digitally validate and exchange trade documents in real-time.

Market Infrastructure

MAS Raises Corporate Governance Expectations for FIs

By Sanday Chongo Kabange | 12/11/2021

New expectations on corporate governance will start to take effect from 1 January 2022, MAS says in its consultation response.

Fintech / Regtech

Malaysia Joins PoC Project to Test Cross-border Payment Links

By Editors | 11/11/2021

BNM and PayNet are joining Project Nexus, which was first announced in July by BIS Innovation Hub and MAS to explore new cross-border payment linkages.