Singapore

Fintech / Regtech

MAS Grants RMO Licence to Digital Asset Platform ECXX

By Editors | 17/01/2022

ECXX Global Pte Ltd entered Sandbox Express in August 2020 as a digital asset exchange platform providing investors access to security tokens.

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.