Singapore

    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?

    Fintech / Regtech

    SWIFT, Singapore IMDA Join Forces to Digitalise Trade Documents

    By Editors | 06/10/2020

    The collaboration will pave the way for the seamless exchange of electronic trade documents around the world, shorter trade processing times, and opportunities for innovation.

    Market Infrastructure

    EU Antitrust Objections Expected Over LSEG-Refinitiv Deal

    By Manesh Samtani | 05/10/2020

    EU regulators are said to have antitrust concerns over LSEG’s proposed acquisition of Refivitiv. A Singapore consultation covering similar concerns is closing soon.

    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.

    Securities / Derivatives

    Goldman to Build Out FX Trading Infrastructure in Singapore

    By Editors | 30/09/2020

    Goldman expects its FX pricing engine in Singapore to be live in the first quarter of 2021 across deliverable and non-deliverable currencies.

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