Singapore

Sustainable Finance

MAS Announces Launch of Singapore Green Finance Centre

By Editors | 14/10/2020

The SGFC is Singapore’s first research institute dedicated to green finance research and talent development and is support by MAS and nine partner financial institutions.

Payments & Settlements

Wirecard Service Halt Disrupts Singapore Merchants – Report

By Editors | 13/10/2020

Singapore merchants were caught off guard when Wirecard services stopped functioning this month. Many have been accepting payments via bank transfer, cash or digital platforms.

Liquidity Risk

MAS Extends Liquidity Facility for FIs to Support SME Lending

By Editors | 12/10/2020

Enterprise Singapore has likewise extended its Temporary Bridging Loan Programme and its trade loan financing scheme, and enhanced its project loan financing scheme.

Fraud, Scams & Cybercrime

UOB Credited for Helping Recover Stolen Funds

By Editors | 08/10/2020

Collaboration with UOB attests to the importance of a strong partnership with community stakeholders to effectively combat scams and transnational fraud, the Police said.

Trading & Investment

SGX to Migrate MSCI Taiwan Contracts to FTSE Early

By Manesh Samtani | 07/10/2020

The move is reportedly aimed at avoiding potential operational issues as market uncertainty persists into the end of the year.

Trade Based Money Laundering

Singapore Banks to Develop Trade Finance Registry to Combat Fraud

By Manesh Samtani | 06/10/2020

DBS and StanChart are leading a project to develop a central registry which will prevent borrowers from using the same collateral to secure loans with multiple banks.

Cloud & Infrastructure

RegTech Asia 2020: RegTech Lessons from Digital Banks

By Editors | 06/10/2020

What were some of the challenges of rolling out virtual banks in Hong Kong, and what were the biggest factors in technology and regulatory compliance considerations?

Payments & Settlements

SWIFT, Singapore IMDA Join Forces to Digitalise Trade Documents

By Editors | 06/10/2020

The collaboration will pave the way for the seamless exchange of electronic trade documents around the world, shorter trade processing times, and opportunities for innovation.

Structural Regulation

EU Antitrust Objections Expected Over LSEG-Refinitiv Deal

By Manesh Samtani | 05/10/2020

EU regulators are said to have antitrust concerns over LSEG’s proposed acquisition of Refivitiv. A Singapore consultation covering similar concerns is closing soon.