Singapore

Fintech / Regtech

DBS Launches Automated Digital Bond Issuance Platform

By Editors | 23/06/2021

FIX Marketplace enables issuers to digitalise their bonds for direct issuance in the market, while allowing for direct interaction with investors.

Financial Advice Standards Have Improved, MAS Finds

By Manesh Samtani | 22/06/2021

Financial advisers have enhanced their standards and raised the quality of advice provided to customers, MAS found in a mystery shopping exercise.

Securities / Derivatives

DBS Becomes First Asian Bank to Obtain LME Membership

By Editors | 22/06/2021

DBS says its LME membership will help clients price and hedge metals trades effectively, and facilitate physical delivery.

Market Infrastructure

MAS to Migrate MEPS+ to ISO 20022 in June 2022

By Manesh Samtani | 21/06/2021

MAS is adopting a two-phased approach to migrate to ISO 20022, beginning with payments on MEPS+ in June 2022.

Fintech / Regtech

AFIN, R3 Partner to Launch CBDC Sandbox on APIX Platform

By Editors | 16/06/2021

MAS’ Sopnendu Mohanty says the collaboration will enable the global fintech ecosystem to better understand financial innovations around digital currencies.

Market Infrastructure

Banking on API Management to Succeed in the Digital World

By David Chan | 16/06/2021

AdNovum’s David Chan discusses the need to safeguard APIs as financial institutions increasingly seek to digitalise their services.

Enforcement

Hin Leong Files Suit Against Deloitte Over Auditing Failures

By Ranamita Chakraborty | 16/06/2021

The lawsuit claims Deloitte would have detected material misstatements and not issued unqualified opinions if its audits were carried out properly.

Market Infrastructure

OCBC Obtains Approval to Convert LIBOR Bonds to SONIA

By Ranamita Chakraborty | 16/06/2021

OCBC has become the first Singapore bank to obtain approval from bondholders to replace GBP LIBOR with SONIA as the interest rate benchmark.

Enforcement

MAS Reprimands Four FIs Over Remuneration Practices

By Sanday Chongo Kabange | 15/06/2021

Two insurers, two financial advisory firms, and two individuals were reprimanded over breaches related to their risk management arrangements and remuneration  practices.