Singapore

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.

Fintech / Regtech

Singapore, Canada Conclude First Trial on CDBC Cross-Border Payments

By Editors | 02/05/2019

MAS and the Bank of Canada linked up experimental payment networks despite their being built on two different DLT platforms.

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.