Singapore

Market Infrastructure

BIS, MAS Set Out Blueprint for Cross-border Payments

By Ranamita Chakraborty | 29/07/2021

BIS Innovation Hub Singapore Centre and MAS have published a blueprint that could make real-time cross-border payments a reality in the next two to four years.

Capital / Liquidity

MAS Ends Dividend Cap for Banks, Finance Companies

By Editors | 29/07/2021

Local banks and finance companies should still exercise continued prudence in their discretionary distributions, and prioritise support to customers.

Crypto / Digital Assets

Singapore’s CTX to Debut Cross-border Trading of China Carbon Credits

By Sanday Chongo Kabange | 27/07/2021

Cyberdyne Tech Exchange said its carbon neutrality tokens, or CNTs, would pave the way for carbon credits to be transferred across international borders.

AML / KYC

MAS to Review Liability Framework for Card Scams by Year-end

By Ranamita Chakraborty | 27/07/2021

The Singapore police received 89 reports of fraudulent card transactions performed with SMS OTPs between September 2020 and February 2021.

AML / KYC

Singapore: “Several” DPT Licences in Final Stages of Review

By Editors | 27/07/2021

Of around 170 digital payment token service providers who applied for a licence, 30 applications have been withdrawn after engagement with MAS and two have been rejected.

Securities / Derivatives

SGX Expands Into FX OTC Space with Another Acquisition

By Editors | 26/07/2021

SGX is acquiring FX trading platform MaxxTrader, paving the way for it to build an integrated and scalable FX OTC marketplace anchored in Singapore.

Fintech / Regtech

MAS, SFA Launch 2021 SFF Global FinTech Awards

By Ranamita Chakraborty | 22/07/2021

The theme for the 2021 awards is “Emerging from a pandemic, the road to recovery”. The awards will be hosted entirely on API Exchange.

Enforcement

Singapore: Three Individuals Charged for Insider Trading

By Editors | 22/07/2021

The former CFO of SGX-listed Broadway Industrial Group communicated insider information to two other individuals.

Market Infrastructure

Singapore Reviewing Carbon Price Trajectory, says MAS Chief

By Ranamita Chakraborty | 21/07/2021

The government is reviewing its targets for the price of carbon to ensure it helps Singapore meet its climate commitments.