Singapore

Market Infrastructure

Practical Steps for Compliance with MAS’ IAC Guidelines

By Grace Chong | 14/06/2019

Grace Chong at global law firm Simmons & Simmons analyses the implications of MAS’ Individual Accountability and Conduct Guidelines, and sets out the practical steps to be taken.

Market Infrastructure

MAS: Remittance Firms Forbidden from Making Loans

By Editors | 13/06/2019

Remittance firms will be prohibited from issuing advances to individuals starting September this year, ahead of the Payment Services Act entering into force.

Fintech / Regtech

Singapore: Progressing the Culture and Conduct Risk Agenda

By Jeffrey Kupfer | 13/06/2019

MAS is equipping itself with advanced tools that will allow for culture and conduct to be evaluated in a more systematic way, say Jeff Kupfer and Stephen Scott at Starling.

Market Infrastructure

Hong Kong, Singapore Cooperate on Personal Data Protection

By Editors | 12/06/2019

Hong Kong and Singapore’s data protection authorities have signed an MOU to strengthen cooperation on personal data protection.

Securities / Derivatives

Singapore Bourse Pushes into Foreign Exchange Market

By Manesh Samtani | 12/06/2019

SGX wants to reduce its reliance on equity index derivatives by aggressively pushing into the FX markets over the next five years.

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.