Singapore

Sustainable Finance

To 2021 And Beyond – A Regulator’s Perspective

By Boon Gin Tan | 23/12/2020

SGX RegCo chief Boon Gin Tan says sustainability is now a new fiduciary responsibility, and expectations in this area have never been higher.

Cloud & Infrastructure

MAS Consults on Proposed Notices for Outsourced Services

By Manesh Samtani | 21/12/2020

Banks’ outsourcing agreements must include terms that grant MAS the right to audit the outsourced arrangement and obtain information from the service provider.

Operational Risk

MAS Consults on Operational Risk Capital, Leverage Ratio Requirements

By Editors | 17/12/2020

MAS intends to implement the revised standards for operational risk capital and leverage ratio requirements from 1 January 2023.

Payments & Settlements

Singapore to Review E-wallet Payment Limits in 2021

By Editors | 17/12/2020

Currently, e-wallet users in Singapore can hold up to S$5,000 in their accounts at any one time, and transactions are capped at S$30,000 per year.

Sustainable Finance

SGX Launches New Sustainability Platform, Plans New ESG Products

By Manesh Samtani | 16/12/2020

SGX is bringing third-party ESG ratings to Singapore listed companies and will introduce new ESG-focused investment and risk management products.

Structural Regulation

StanChart Permitted to Establish Digital Bank in Singapore

By Editors | 14/12/2020

StanChart was named Singapore’s first Significantly Rooted Foreign Bank in August. New privileges allow it to secure an additional full bank licence to establish a digital banking subsidiary.

Trading & Investment

SGX to Promote China Bond Markets, MAS Registers Shanghai Office

By Editors | 13/12/2020

A series of MOUs to deepen collaboration in financial services and innovation were announced at the 2nd Singapore-Shanghai Comprehensive Cooperation Council meeting on Friday.

Structural Regulation

Singapore Set Out Timelines for Full Discontinuation of SIBOR

By Manesh Samtani | 11/12/2020

The one-month and three-month SIBOR will be discontinued by end-2024. The discontinuation of the six-month SIBOR may depend on the timing of cessation of USD LIBOR.

Custody & Infrastructure

MAS Grants DBS In-principle Approval to Set Up Digital Exchange

By Manesh Samtani | 10/12/2020

The DBS announcement came two days after SIX and SBI Digital Asset Holdings announced plans to launch a digital asset issuance platform, exchange and CSD venue by 2022.