Singapore

MAS Publishes Compliance Toolkit for Trust Companies

By Editors | 28/09/2021

The toolkit provides guidance on applications to be submitted to MAS for approval, as well as notifications and reporting requirements.

Market Infrastructure

Singapore, Malaysia to Link PayNow, DuitNow in Q4 2022

By Pongnut Thanaboonchai | 27/09/2021

Customers of participating financial institutions will be able to make real-time cross-border transfers using a mobile number.

ESG / Sustainability

SGX-Temasek JV to Launch Issuer Services Platform in Q4 2021

By Editors | 27/09/2021

Marketnode has established partnerships with 10 FIs to facilitate the launch of the new platform, which is part of a new digital infrastructure for fixed income.

ESG / Sustainability

Singapore: ASFI, WWF Launch Sustainable Finance Academy

By Editors | 21/09/2021

ASFI Academy will help ensure the financial sector workforce develops the skills needed to implement MAS’ guidelines on environmental risk management.

Securities / Derivatives

MAS, SGX, Temasek, EDBI to Jointly Boost Singapore Capital Market

By Editors | 16/09/2021

MAS and SGX will increase support for high-growth companies seeking to list in Singapore. Temasek and EDB Investments will set up funds to facilitate fundraising.

AML / KYC

Singapore Authorities Warn of SMS Diversion Attacks

By Editors | 15/09/2021

Malicious actors gained access to the systems of overseas telecom operators to divert SMS OTPs and authenticate fraudulent card transactions.

Securities / Derivatives

Thailand, Singapore to Introduce Depository Receipt Linkage

By Manesh Samtani | 15/09/2021

Through the new linkage, Singapore and Thailand listed companies will be able to issue depository receipts in each other’s markets.

Capital / Liquidity

MAS Issues Draft Standards for Market Risk Capital

By Editors | 15/09/2021

MAS seeks feedback on draft provisions in Notice 637 relating to market risk capital and capital reporting requirements.

Fintech / Regtech

Singapore, India to Enable Real-time Cross-border Payments

By Sanday Chongo Kabange | 15/09/2021

The PayNow-UPI linkage will be implemented in July 2022, enabling faster and lower cost fund transfers between Singapore and India.