SINGAPORE

    Market Infrastructure

    MAS Proposes Increased Scope for Accountability, Conduct Guidelines

    By Garima Chitkara | 07/06/2019

    MAS proposes to apply its 2018 accountability and conduct guidelines to a wider range of financial institutions, including fund managers, trade repositories and benchmark administrators.

    AML / KYC

    MAS Consults on AML/CFT Notices for Payment Services

    By Manesh Samtani | 07/06/2019

    The first Notice covers account issuance, money transfers and money changing services. The second Notice sets out a separate framework for digital payment tokens.

    Market Infrastructure

    Finance Should be a Force for Good: MAS

    By Garima Chitkara | 05/06/2019

    Financial institutions need to build trust, inclusivity and sustainability in order to be a force for good, MAS managing director Ravi Menon said in a speech on Monday.

    Enforcement

    MAS Penalises Singapore National in LSE Insider Trading Case

    By Editors | 05/06/2019

    The penalty was the result of close cooperation and information sharing between MAS and the UK FCA, which had referred the case and provided investigative assistance.

    Enforcement

    SGX RegCo Eyes Greater Enforcement, Whistleblower Protection

    By Garima Chitkara | 04/06/2019

    Senior officials at an SGX RegCo symposium said the regulator will take a more active role in protecting investor interests through greater enforcement action and whistleblower protection.

    AML / KYC

    HK, Singapore, Japan Associations Launch APAC RegTech Network

    By Manesh Samtani | 03/06/2019

    The APAC RegTech Network seeks to enhance cross-border collaboration on regtech education and implementation across the region.

    Capital / Liquidity

    Singapore Banks Well Positioned for Final Basel III Rules

    By Manesh Samtani | 02/06/2019

    Moody’s says Singapore performs better than other banking systems in a high stress scenario. The new report also looks at banks’ digitisation push.

    Capital / Liquidity

    BCBS 239 – What Lies Ahead?

    By Irene Liu | 27/05/2019

    There is clear fatigue in the industry around BCBS 239 compliance, but the exercise has also enabled other capabilities, say PwC’s Irene Liu, David Yakowitz and Catherine Lee.

    Crypto / Digital Assets

    MAS Sandbox Admits SGX-Backed Digitised Securities Platform iSTOX

    By Editors | 27/05/2019

    From within the sandbox, iSTOX is currently onboarding the first batch of issuers and investors who will participate in issuance and trading of digitised securities starting in 4Q 2019.

    Capital / Liquidity

    Singapore Banks Still Analysing Data Gaps for MAS 610

    By Editors | 24/05/2019

    A Wolters Kluwer survey has revealed that 76% of Singapore banks are in the ‘data gap analysis’ stage in their preparation for MAS 610/1003.

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