Singapore

AML / KYC

UOB Credited for Helping Recover Stolen Funds

By Editors | 08/10/2020

Collaboration with UOB attests to the importance of a strong partnership with community stakeholders to effectively combat scams and transnational fraud, the Police said.

ESG / Sustainability

SGX to Migrate MSCI Taiwan Contracts to FTSE Early

By Manesh Samtani | 07/10/2020

The move is reportedly aimed at avoiding potential operational issues as market uncertainty persists into the end of the year.

ESG / Sustainability

Singapore Banks to Develop Trade Finance Registry to Combat Fraud

By Manesh Samtani | 06/10/2020

DBS and StanChart are leading a project to develop a central registry which will prevent borrowers from using the same collateral to secure loans with multiple banks.

Fintech / Regtech

RegTech Asia 2020: RegTech Lessons from Digital Banks

By Editors | 06/10/2020

What were some of the challenges of rolling out virtual banks in Hong Kong, and what were the biggest factors in technology and regulatory compliance considerations?

ESG / Sustainability

MAS Announces Extension of Credit Support Measures into 2021

By Editors | 05/10/2020

The extended measures allow relief for individuals and SMEs to progressively expire over 2021, while also encouraging the resumption of loan repayments.

ESG / Sustainability

Singapore Continues to Grow as Asia Pacific Gateway: MAS

By Manesh Samtani | 04/10/2020

As of mid-September, 120 VCCs have registered in Singapore, on top of 15.7% year-on-year growth in total AUM recorded at the end of 2019.

Securities / Derivatives

SGX RegCo Publishes Regulatory Guide on Algorithmic Trading

By Manesh Samtani | 02/10/2020

The guide describes the governance, risk controls, and development and testing process that SGX members should have in place when using algorithms in trading.

Market Infrastructure

DBS, ICBC Issue First Club Loan Pegged to SORA

By Editors | 01/10/2020

The SORA-pegged club loan coupled with a cross-currency swap, which provides added certainty on interest rates and swap SGD proceeds into USD.

Fintech / Regtech

MAS Orders Wirecard Entities to Cease Singapore Payment Services

By Editors | 30/09/2020

Wirecard has informed MAS that it is unable to continue providing payment processing services to a significant number of merchants.