Singapore

Clearing & Post-Trade

SGX Invites Feedback on Rule Amendments for ‘GIFT Connect’

By Ranamita Chakraborty | 11/06/2021

The proposed amendments seek to clarify the obligations of SGX-DT trading members when accessing GIFT Connect to trade Nifty derivatives.

Climate Risk

MAS Sets Out Climate Strategy in Inaugural Sustainability Report

By Manesh Samtani | 09/06/2021

Five asset managers have been appointed to manage S$1.8bn of Singapore’s official foreign reserves under new mandates focused on climate change and the environment.

Conduct, Culture & Accountability

Culture & Conduct Risk: Singapore Sets the Pace for Peers

By Stephen Scott | 08/06/2021

Among global peers, Singapore is setting the pace for effective governance of culture and conduct risks, say Starling’s Stephen Scott and Mark Cooke.

Fraud, Scams & Cybercrime

MAS Bans Former Representative Over Forgery Conviction

By Editors | 04/06/2021

The former representative deceived online platform OANDA into crediting money into his personal trading account through forged screenshots of a bank transfer.

Cloud & Infrastructure

MAS Issues Guidance on Managing Risks of Cloud Services

By Editors | 04/06/2021

In a new advisory, MAS highlights the key risks and control measures FIs should consider before adopting public cloud services.

Trading & Investment

Singapore Seeks to Enhance VCC Fund Structure

By Manesh Samtani | 04/06/2021

The enhancements will expand the types of investors that can use the VCC and ease conversion and redomiciliation processes.

Tokenisation

Bursa Malaysia Concludes Blockchain Bond POC with STACS

By Sanday Chongo Kabange | 03/06/2021

The collaborative efforts from the PoC have established a new ‘Bond in a Box’ operating model that shows commercial potentials, the project report says.

Tokenisation

DBS Issues First STO on New Digital Exchange

By Sanday Chongo Kabange | 01/06/2021

The issuance paves the way for other issuers to access the capital markets through STO issuances as asset tokenisation turns mainstream, DBS says.

Cybersecurity

MAS Issues Consultation Response on Credit Reporting Regulations

By Manesh Samtani | 01/06/2021

Licensed credit bureaus will be required to establish a Code of Conduct and comply with requirements on technology risk management and cyber security.