SINGAPORE

Market Infrastructure

MAS Proposes Consolidated Regulation, Licensing for Merchant Banks

By Editors | 22/05/2019

MAS is consulting on proposals to consolidate regulation of merchant banks under the Banking Act, and to move them to a licensing regime.

Fintech / Regtech

Artificial Intelligence Holds “Immense Potential” for Risk Management – MAS

By Garima Chitkara | 16/05/2019

MAS is using artificial intelligence tools for risk detection and market surveillance, while also working to strengthen protections against cyber risk, data breaches and AI-based discrimination.

Market Infrastructure

SGX to Introduce 10-Minute ‘Trade at Close’ Session in June

By Editors | 16/05/2019

SGX will introduce a 10-minute ‘trade at close’ session starting from 3 June. The session will allow participants to execute orders at the closing price of a security.

Securities / Derivatives

SGX Updates Rules on Securities Trading, Market Practices

By Editors | 13/05/2019

Following an October 2017 public consultation, SGX has announced that a number of new rules on securities trading and market practices will take effect next month.

Enforcement

MAS Imposes Multi-Year Bans for ‘Dishonest Conduct’

By Editors | 10/05/2019

Two former representatives of Jefferies Singapore colluded to trade against their firm using privileged information, representing ‘deceptive conduct’ which contravenes the SFA.

Capital / Liquidity

MAS Consults on Revised Capital Requirements for Singapore Banks

By Garima Chitkara | 08/05/2019

The central bank has opted to use its national discretion in key areas in credit, market and operational risk management.

Fintech / Regtech

MAS Considers the Value of Allowing Virtual Banks in Singapore

By Editors | 08/05/2019

The regulator says it is engaging relevant stakeholders to ascertain the unique value that such virtual bank entrants could bring to Singapore’s banking landscape.

Securities / Derivatives

SGX Central Depository Moves to Digital Account Opening

By Editors | 07/05/2019

CDP account opening can now be done online without paper documents, allowing for greater convenience, security and “a better experience” for retail investors.

Fintech / Regtech

SGX Migrates Blockchain Projects to New AWS Service

By Editors | 03/05/2019

The move allows SGX to eliminate the heavy-lifting typically involved in infrastructure setup, configuration and management, and instead focus on adding business value.