Singapore

Market Infrastructure

MAS Announces New Initiatives to Support SORA Adoption

By Editors | 05/08/2020

The initiatives aim to catalyse greater activity in SORA markets, safeguard the benchmark’s integrity and enhance market confidence in SORA.

Fintech / Regtech

UOB Launches Training Programme to Address Transformation in Finance

By Editors | 05/08/2020

The UOB Finance Academy will allow participants to deepen their knowledge in areas such as risk management, regulation, liquidity management and data analytics.

Securities / Derivatives

SGX to Launch Asia’s First International REIT Futures

By Editors | 05/08/2020

Two new REIT futures contracts will launch on 24 August, both designed in accordance with CFTC guidelines to allow for distribution to US and global institutional investors.

Fintech / Regtech

DBS, Tax Department Collaborate to Digitalise Payments

By Editors | 04/08/2020

IRAS now offers PayNow QR as a payment option for individual income tax, corporate income tax, property tax and goods and services tax.

AML / KYC

MAS Issues Guidance on AML/CTF Enterprise-wide Risk Assessments

By Manesh Samtani | 04/08/2020

Financial institutions are directed to study the guidance to identify and address gaps in their EWRA frameworks and processes.

Market Infrastructure

MAS Awards StanChart Special Privileges for ‘Significant Rootedness’

By Manesh Samtani | 04/08/2020

The regulator also has plans to allow certain banks that are significantly rooted in Singapore to obtain full bank licences and set up digital-only subsidiaries.

Securities / Derivatives

SGX Posts Strong Growth, Signals New Acquisitions, Derivatives

By Manesh Samtani | 02/08/2020

SGX is looking to develop into a hub for trading bonds, foreign exchange, commodities and derivatives, as it pivots away from being a pure equity exchange.

AML / KYC

HK Police Arrest Five in Transnational Credit Card Fraud Probe

By Editors | 29/07/2020

The syndicate members allegedly used credit card details stolen from cardholders in Singapore, US and Europe to make fraudulent online purchases of electronic products in Hong Kong.

Market Infrastructure

Singapore Industry Consultation Proposes to Discontinue SIBOR

By Manesh Samtani | 29/07/2020

Proposed reforms were found to display “noticeable differences in volatility and levels compared to SIBOR”, which will present challenges to industry adoption.