SINGAPORE

Capital / Liquidity

Singapore Banking System Can Withstand Severe Shocks – MAS

By Manesh Samtani | 26/11/2018

The MAS financial stability review says asset quality is improving despite loan growth, and banks continue to maintain healthy provisioning and liquid assets “well above regulatory requirements”.

Market Infrastructure

MAS Grants First Private Securities Exchange Licence to CapBridge

By Editors | 23/11/2018

The regulatory approval allows CapBridge to operate a private securities exchange, called ‘1exchange’, where investors can buy and sell securities issued by private companies.

AML / KYC

Lessons from Singapore’s KYC Utility Project

By Manesh Samtani | 21/11/2018

The Association of Banks in Singapore has published a report detailing the core design decisions, achievements, challenges and lessons from the recently-shelved KYC utility project.

AML / KYC

Singapore Toughens Penalties for AML/CTF Offences

By Manesh Samtani | 21/11/2018

Penalties are being raised for AML/CTF offences and failures to file suspicious transaction reports, while Singapore also expands on its arrangements with foreign FIUs.

Crypto / Digital Assets

What SGX Expects of Listed Companies Conducting an ICO

By Boon Gin Tan | 20/11/2018

SGX RegCo chief Boon Gin Tan offers clarity around the regulatory obligations of listed companies that may choose to offer ICOs as a way to finance business growth.

Market Infrastructure

MAS, Central Banks Explore Alternative Models for Cross-Border Payments

By Manesh Samtani | 20/11/2018

The central banks of Singapore, Canada and England jointly released a report discussing emerging opportunities for digital transformation in cross-border payments.

AML / KYC

MAS Payment Services Bill Finalised, Tabled in Parliament

By Manesh Samtani | 19/11/2018

The Bill aims to provide a more conducive environment for innovation in payment services, while ensuring that risks across the payments value chain are mitigated.

Fintech / Regtech

Singapore, UK Sign MoU on Fintech Collaboration

By Editors | 19/11/2018

The agreement builds on the existing fintech bridge between the UK and Singapore and intends to foster closer ties on fintech industry initiatives.

Market Infrastructure

Singapore Banking Body Publishes Cybersecurity Assessment Guidelines

By Editors | 16/11/2018

The guidelines provide financial institutions with best practices and guidance on planning and conducting Red Teaming exercises to enhance security testing.