Singapore

Trading & Investment

US Securities Regulator Opens Inquiry into SPAC Listings

By Sanday Chongo Kabange | 29/03/2021

The SEC has reportedly written to banks seeking information on how underwriters are managing the risks involved.

Anti-Money Laundering

MAS Offers New AML/CFT Guidance for VASPs

By Editors | 28/03/2021

MAS has identified several VASPs that have not come forward for licensing despite operating in Singapore or soliciting business from Singapore residents.

Credit Risk

MAS Consults on Credit Risk Capital Requirements, Output Floor

By Editors | 28/03/2021

MAS is seeking feedback on draft standards relating to credit risk capital and output floor requirements which will start to take effect from 1 January 2023.

Operational Risk

MAS, ABS Publish Guidance on Workplace Design Strategies

By Editors | 24/03/2021

Strategies and good practices presented in a newly published study are aimed at supporting FIs in building pandemic-resilient workplaces.

Payments & Settlements

SFA, Remittance Association to Jointly Strengthen SG Remittance Industry

By Editors | 22/03/2021

The SFA Remittance Sub-Committee has been launched to promote the adoption of technologies to strengthen Singapore’s money remittance industry.

Fraud, Scams & Cybercrime

Singapore Police Issue First Charges in Nickel Trading Fraud Case

By Editors | 22/03/2021

At least SGD 1 billion was invested for the purported sale and purchase of nickel, making the case one of the largest financial fraud cases in Singapore.

Market Abuse

New York Court Reinstates SIBOR Manipulation Lawsuit

By Editors | 19/03/2021

The case is being reinstated to allow Fund Liquidation Holdings LLC to pursue claims against 18 banks on behalf of two defunct funds that initially launched the lawsuit.

Trading & Investment

PSE Proposes Alternative Listing Option for Businesses

By Sanday Chongo Kabange | 17/03/2021

The new rule will allow businesses to raise funds on the exchange by listing their preferred shares without listing their common shares.

Market Data & Technology

SGX, Marex Spectron Join Forces on Ferrous Analytics Tools

By Editors | 17/03/2021

Marex Spectron will apply its analytics tools on publicly available data for SGX commodity derivatives to provide Titan OTC participants with in-depth analysis and richer datasets