Singapore

    Structural Regulation

    Ant Group Launches Digital Bank Operations in Singapore

    By Manesh Samtani | 06/06/2022

    ANEXT Bank, wholly owned by Ant Group, will aim to provide digital financial services to MSMEs, particularly those with cross-border operations.

    Cloud & Infrastructure

    Green Link Digital Bank Launches Operations in Singapore

    By Editors | 03/06/2022

    Green Link Digital Bank, owned by Greenland Group and Linklogis, will seek to address the needs of underserved MSMEs.

    Fraud, Scams & Cybercrime

    Singapore Banks to Adopt More Scam Prevention Measures

    By Darien Choong | 02/06/2022

    The measures include an emergency self-service ‘kill switch’, enhancements to fraud surveillance systems, and additional customer confirmations.

    Tokenisation

    SGX CDP Enables Access to DLT Bond Issuance Platform

    By Editors | 02/06/2022

    CDP has made available to market participants a blockchain-enabled bond issuance platform developed by Marketnode, a joint venture between SGX and Temasek.

    Cloud & Infrastructure

    Singapore Launches New Utility to Tackle Supply Chain, Trade Issues

    By Manesh Samtani | 02/06/2022

    Over 70 participants have signed on to use SGTraDex – including DBS, OCBC, Standard Chartered, UOB, Trafigura, ExxonMobil and Chevron.

    Climate Risk

    MAS Issues New Guidance on Environmental Risk Management

    By Sanday Chongo Kabange | 02/06/2022

    Banks, insurers and asset managers are directed to use the guidance to bolster their resilience to environmental risk and set tangible targets for action.

    DeFi & Web3

    MAS to Study Use Cases of Asset Tokenisation, DeFi Protocols

    By Editors | 31/05/2022

    The first pilot, led by DBS, JP Morgan and Marketnode, will explore potential DeFi applications in wholesale funding markets and help inform regulatory policy.

    DeFi & Web3

    MAS FinTech Hackcelerator to Focus on Web3, Green Finance

    By Editors | 30/05/2022

    Fintech firms and solution providers from around the world are invited to address over 50 problem statements related to Web 3.0 and green finance.

    Operational Risk

    MAS Raises OCBC Capital Requirement for Scam Incident

    By Editors | 27/05/2022

    OCBC has to apply a 1.3x multiplier to its RWA for operational risk, which translates to additional regulatory capital of S$330mn.

    Structural Regulation

    SGX RegCo Extends Suspension of Issuer Watch-List Reviews

    By Editors | 26/05/2022

    The extension will enable issuers time to operate under normal business conditions and recover from Covid-19 related challenges.

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