Singapore

Fintech / Regtech

MAS Grants RMO Licence to Digital Asset Platform SDAX

By Editors | 13/09/2021

SDAX allows asset owners to tokenise and list their assets as digital securities. Its first real estate token listing is expected within 2021.

Market Infrastructure

RBC Capital Markets to Launch FX Infrastructure in Singapore

By Editors | 12/09/2021

RBC says the new e-FX server and pricing engine was developed with support from MAS and will be launched by year-end.

ESG / Sustainability

MAS to Set New Disclosure Standards for Retail ESG Funds

By Manesh Samtani | 10/09/2021

Enhanced disclosures will be required from retail ESG funds next year. NUS will launch a new centre of excellence this year to groom ESG talent.

Market Infrastructure

The Impact of MAS’ IAC Guidelines on Data Governance

By Irene Liu | 09/09/2021

Irene Liu and Catherine Lee discuss the applicability of MAS’ Guidelines on Individual Accountability and Conduct on data governance.

Enforcement

Singapore Court Jails Russian National for Deceiving Banks

By Sanday Chongo Kabange | 09/09/2021

The banks were deceived regarding true beneficial ownership in their decision to open bank accounts between 2014 to 2017.

MAS Forms Sustainability Group, Appoints Chief Sustainability Officer

By Editors | 07/09/2021

The new group will coordinate MAS’ green finance and sustainability agenda to strengthen the financial sector’s resilience against environmental risks.

Securities / Derivatives

Lessons in Operational & Credit Risk Management for Exchange Members

By Boon Gin Tan | 07/09/2021

SGX RegCo’s Boon Gin Tan and Grace Mok discuss findings from a survey of exchange members. A new guide on credit risk management has also been released.

Market Infrastructure

Singapore Minister Urges FIs to Pursue International Postings

By Manesh Samtani | 07/09/2021

MAS will extend the funding duration from 3 to 6 months for the overseas component of its Finance Associate Management Scheme starting next year.

Market Infrastructure

Implementing the Final Phase of MAS’ OTC Derivatives Reporting Regime

By Priya Kundamal | 06/09/2021

Firms coming into scope on 1 October need to quickly complete onboarding and test their reporting to DTCC’s Singapore trade repository.