Singapore

Trading & Investment

SGX, NSE Formalise Agreement to Operationalise ‘Connect’

By Manesh Samtani | 22/09/2020

The Connect will bring trading of SGX Nifty products to GIFT City to create a larger pool of liquidity, comprising both foreign and domestic market participants.

Anti-Money Laundering

MAS ‘Closely Studying’ Singapore Mentions in FinCEN Files

By Editors | 21/09/2020

The SARs contained in the FinCEN Files flagged 1,781 transactions that flowed through Singapore as potentially suspicious.

Trading & Investment

Barclays to Build Out FX Trading Infrastructure in Singapore

By Editors | 19/09/2020

Barclays will launch an FX trading and pricing engine in Singapore by mid-2021, adding to existing platforms in New York, London and Tokyo.

Trading & Investment

SGX to List World’s Largest Chinese Pure Government Bond ETF

By Editors | 17/09/2020

CSOP Asset Management’s inaugural ETF on SGX will track the performance of fixed-rate government bonds issued in China as measured by a FTSE Russell index.

Market Abuse

Singapore Convicts Three Individuals for Unauthorised Trading

By Editors | 16/09/2020

The former trading representatives acted on the instructions of a fourth individual to use accounts belonging to family, friends and clients to buy and sell Skyone shares.

Reporting & Disclosures

Singapore Fund Industry to Collaborate to Address Skills Gap

By Sanday Chongo Kabange | 16/09/2020

The first phase of the initiative will equip asset management trainees with foundation skills as well as future-ready skills in fintech, impact investing and ESG.

Conduct, Culture & Accountability

A Detailed Look at MAS’ New Accountability Guidelines

By Grace Chong | 11/09/2020

Grace Chong and Si Rong Low at Simmons & Simmons JWS detail the key points of MAS’ final guidelines on individual accountability and conduct.

Conduct, Culture & Accountability

MAS Finalises Individual Accountability and Conduct Guidelines

By Manesh Samtani | 10/09/2020

Financial institutions are expected to strengthen senior manager accountability and promote a culture of ethical behaviour. The guidelines take effect on 10 September 2021.

Structural Regulation

MAS to Intensify Supervisory Engagement to Drive SORA Transition

By Manesh Samtani | 09/09/2020

In an ABS virtual roundtable, MAS deputy managing director Jacqueline Loh spoke of a three-pillar approach to support a smooth transition from SOR to SORA.