Singapore

    Securities / Derivatives

    SGX Lists First Two SPACs Under New Framework

    By Editors | 24/01/2022

    Vertex Technology Acquisition Corp and Pegasus Asia listed last week. A third SPAC, filed by Novo Tellus Alpha Acquisition, will debut on Thursday.

    Fintech / Regtech

    Singapore, Indonesia to Deepen Cooperation on Payments, AML

    By Editors | 22/01/2022

    MAS and Bank Indonesia will deepen cooperation on payments innovation, monetary policy, macroprudential policy, financial stability, and AML/CFT.

    AML / KYC

    MAS Fines Vistra Trust for Failures in AML Controls

    By Editors | 20/01/2022

    Vistra failed to identify certain higher risk accounts and to subject these accounts to EDD measures, both during account acquisition as well as on an ongoing basis.

    AML / KYC

    MAS, ABS Announce Measures to Bolster Online Banking Security

    By Editors | 20/01/2022

    Singapore banks will put in place the more stringent measures within the next two weeks, and work on more permanent solutions in the coming months.

    Securities / Derivatives

    CMB Backed SPAC Applies for Hong Kong Listing

    By Editors | 20/01/2022

    The SPAC listing application was made by Aquila Acquisition Corporation, whose ultimate parent is China Merchant Bank.

    Fintech / Regtech

    Crypto Firms Should Not Advertise to Retail Customers: MAS

    By Mark Johnston | 18/01/2022

    New guidelines say crypto firms should refrain from advertising their services in public areas in Singapore or via social media influencers.

    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.

    Crypto / Digital Assets

    Thai Stock Exchange Unveils Three-Year Strategic Plan

    By Mark Johnston | 14/01/2022

    The SET will launch a new exchange for fundraising by SMEs and startups within in Q1, and a new digital asset exchange in Q3.

    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.

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