Singapore

Securities / Derivatives

DBS Approved to Establish Securities Joint Venture in China

By Editors | 02/09/2020

DBS has become the eighth foreign financial institution to win approval to take majority ownership of a securities venture in China.

Crypto / Digital Assets

SGX to Launch Crypto Indices as Part of iEdge Index Suite

By Manesh Samtani | 01/09/2020

The first batch of new crypto indices will track Bitcoin and Ethereum, and are expected to drive exposures to digital assets in Asia.

Market Infrastructure

Singapore: SOR Fallback Rate to Only be Available Temporarily

By Manesh Samtani | 01/09/2020

Fallback Rate (SOR), the primary fallback reference rate for SOR derivatives, will be permanently discontinued about three years following the fallback trigger.

Crypto / Digital Assets

SGX Completes Asia’s First Digital Syndicated Public Corporate Bond

By Editors | 01/09/2020

SGX’s vision is to fully digitalise the end-to-end corporate bond issuance and asset servicing process, according to senior managing director Lee Beng Hong.

Securities / Derivatives

SGX, GF Securities to Jointly Promote Sino-Singapore Connectivity

By Editors | 31/08/2020

Under an MoU, GF Securities will promote SGX listed derivatives and securities including REITs and fixed income products to its clients.

AML / KYC

Trade-based Money Laundering: Avoiding Murky Waters

By Jamil Ahmed | 31/08/2020

HSBC Singapore’s Jamil Ahmed calls for continued vigilance, the use of technology, and participation in public-private partnerships to mitigate trade-based money laundering risks.

Securities / Derivatives

Shenzhen Bourse to Allow Dual Class Share Structures

By Editors | 30/08/2020

Lawmakers passed a rule allowing companies with dual class share structures to incorporate and list on the Shenzhen Stock Exchange, part of broader reforms to improve the market’s appeal.

Singapore Raises Salary Requirement for Financial Sector Work Visa

By Manesh Samtani | 27/08/2020

MAS officials have recently said protecting Singaporean jobs was a “top priority” and that financial sector employers must “commit to growing the local talent pool”.

Capital / Liquidity

SGX to Offer Free Analytics to Facilitate UMR Preparation

By Manesh Samtani | 26/08/2020

Through a partnership with Cassini Systems, SGX will provide market participants the analysis needed to understand how they can reduce the UMR cost burden.