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MAS Unveils Debt Relief Measures for Individuals, SMEs
By Editors | 31/03/2020
Mortgage loans and SME term loans can be deferred. Credit card balances can be converted to low-cost term loans. Insurance payments can be deferred or rescheduled.
Market Infrastructure
MAS Eases SGD Policy Amid Negative Growth Expectations
By Editors | 30/03/2020
MAS projects the ongoing wave of Covid-19 outbreaks will continue to dampen global growth beyond the first half of the year.
Enforcement
Singapore: Four Individuals Charged for Illegal Trading
By Editors | 26/03/2020
An investor used share financing facilities from two banks and third-party trading accounts procured by three brokers to manipulate the price of Sky One Holdings shares.
MAS Offers Banks US Dollar Funding
By Editors | 26/03/2020
Banks are “strongly encouraged” to avail themselves of MAS liquidity facilities so that they can better serve customers.
Market Infrastructure
Singapore Stimulus Plan to Catalyse Private Sector Loans
By Editors | 26/03/2020
MAS is working with banks and insurers to see how best to help businesses and individuals with loan obligations and insurance premium payments.
Securities / Derivatives
MAS, ACRA, SGX RegCo Set Out Expectations on Meeting Conduct
By Editors | 26/03/2020
MAS, SGX RegCo and ACRA expect all issuers to comply with the Ministry of Health’s mandatory safe distancing measures. Legislative amendments will be introduced.
Fintech / Regtech
Singapore, Australia Agree to Promote Data Connectivity, Digital Economy
By Editors | 23/03/2020
Singapore and Australia have committed to allowing financial institutions to choose where their data is stored and prohibiting data localisation, among a raft of other agreements.
Capital / Liquidity
HK, Singapore, Indonesia Assessed as NSFR, LEX Compliant
By Editors | 22/03/2020
Hong Kong, Singapore and Indonesia were assessed as compliant with global standards for the net stable funding ratio and large exposures framework.
AML / KYC
MAS Penalises Trust Company for AML/CFT Failings
By Editors | 20/03/2020
TMF Trustees Singapore was penalised SG$400,000 for failing to verify the source of wealth and monitor transactions on an ongoing basis.
Securities / Derivatives
SGX RegCo Offers Guidance on Holding General Meetings
By Editors | 20/03/2020
Measures include segregating attendees across various venues, adopting digital tools to conduct general meetings, and a 250-person limit at any given venue.
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