Singapore

Trading & Investment

SGX Adds RFQ Functionality for FX Derivatives on OTC Platform

By Editors | 03/10/2021

The RFQ function allows market participants to negotiate and transact block trades in FX futures and options on the Titan OTC Pro platform.

Cryptocurrency

MAS Grants Two New Licences to Provide DPT Services

By Editors | 02/10/2021

DBS Vickers and Independent Reserve have received authorisation under the PSA to provide digital payment token services.

Anti-Money Laundering

US DOJ Links Singapore, Hong Kong to Tax Evasion Case

By Editors | 30/09/2021

An unsealed indictment shows that six individuals and a Swiss firm used accounts in Singapore and Hong Kong to help US clients evade taxes from 2009 to 2014.

Sustainable Finance

Singapore Seeks to Become Global Hub for Carbon Trading

By Editors | 29/09/2021

To scale up carbon trading in the city, Singapore plans to work with Climate Impact X, a collaboration between SGX, DBS, Standard Chartered and Temasek.

KYC & CDD

MAS Publishes Compliance Toolkit for Trust Companies

By Editors | 28/09/2021

The toolkit provides guidance on applications to be submitted to MAS for approval, as well as notifications and reporting requirements.

Payments & Settlements

Singapore, Malaysia to Link PayNow, DuitNow in Q4 2022

By Pongnut Thanaboonchai | 27/09/2021

Customers of participating financial institutions will be able to make real-time cross-border transfers using a mobile number.

Tokenisation

SGX-Temasek JV to Launch Issuer Services Platform in Q4 2021

By Editors | 27/09/2021

Marketnode has established partnerships with 10 FIs to facilitate the launch of the new platform, which is part of a new digital infrastructure for fixed income.

Reporting & Disclosures

ASEAN Exchanges to Identify Common ESG Metrics

By Pongnut Thanaboonchai | 26/09/2021

Seven ASEAN exchanges have formed a new ESG working group to start work towards a ‘common sustainability programme’.

Sustainable Finance

Singapore: ASFI, WWF Launch Sustainable Finance Academy

By Editors | 21/09/2021

ASFI Academy will help ensure the financial sector workforce develops the skills needed to implement MAS’ guidelines on environmental risk management.