SINGAPORE

Securities / Derivatives

MAS Consults on Proposed Framework for Variable Capital Companies

By Editors | 02/05/2019

The proposals include an AML/CFT framework for VCCs requiring them to engage an eligible financial institution to perform the necessary checks.

Market Infrastructure

Singapore’s NETS to Co-Develop QR Payment System in Myanmar

By Editors | 30/04/2019

Singapore payment services provider NETS Group is helping the Myanmar Payment Union develop a unified e-payment system modelled after the SGQR.

Market Infrastructure

SGX, UOB Sign Pact to Help Chinese Firms Expand in ASEAN

By Editors | 29/04/2019

Chinese firms will be able to leverage SGX and UOB’s infrastructure, expertise and networks to expand into Singapore and other ASEAN nations.

Market Infrastructure

MAS Issues Update to E-Payments User Protection Guidelines

By Editors | 26/04/2019

The update addresses situations where customers choose to receive fewer transaction notifications, which could affect their ability to monitor for unauthorised transactions.

Securities / Derivatives

MAS Seeks to Strengthen Singapore as a Global Hub for FX Trading

By Editors | 26/04/2019

MAS has reportedly been encouraging major FX players to build their systems, trading engines and data centres locally to reduce latencies from routing trades through other FX hubs.

Market Infrastructure

Technology to ‘Transform’ a Third of Singapore Finance Jobs – Study

By Editors | 24/04/2019

The main effect of technology will be to “transform” jobs in the financial industry, rather than create or destroy them, says an EY study commissioned by MAS and IBF.

AML / KYC

Delayering AML – Ideal Test Field for Innovative Technologies

By Prasanna Venkatesan | 22/04/2019

AML/CFT is an ideal test field for new technologies given the risk factors and complex challenges Asian banks face, says Synpulse’s Prasanna Venkatesan.

Market Infrastructure

ISDA, FIA Respond to Singapore, Australia BMR Equivalence

By Manesh Samtani | 19/04/2019

The associations say a preferred approach would be to recognise Singapore’s and Australia’s regimes as a whole rather than the current benchmark-by-benchmark approach.

AML / KYC

Singapore Charges its First National for Terrorism Financing

By Editors | 17/04/2019

Singapore’s Ministry of Home Affairs has confirmed that a Singaporean man has been charged for allegedly financing the publication of ISIS propaganda.