Singapore

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.

Credit Risk

MAS Announces Extension of Credit Support Measures into 2021

By Editors | 05/10/2020

The extended measures allow relief for individuals and SMEs to progressively expire over 2021, while also encouraging the resumption of loan repayments.

Alternative Markets

Singapore Continues to Grow as Asia Pacific Gateway: MAS

By Manesh Samtani | 04/10/2020

As of mid-September, 120 VCCs have registered in Singapore, on top of 15.7% year-on-year growth in total AUM recorded at the end of 2019.

Trading & Investment

SGX RegCo Publishes Regulatory Guide on Algorithmic Trading

By Manesh Samtani | 02/10/2020

The guide describes the governance, risk controls, and development and testing process that SGX members should have in place when using algorithms in trading.

Trading & Investment

DBS, ICBC Issue First Club Loan Pegged to SORA

By Editors | 01/10/2020

The SORA-pegged club loan coupled with a cross-currency swap, which provides added certainty on interest rates and swap SGD proceeds into USD.

Payments & Settlements

MAS Orders Wirecard Entities to Cease Singapore Payment Services

By Editors | 30/09/2020

Wirecard has informed MAS that it is unable to continue providing payment processing services to a significant number of merchants.

Trading & Investment

Goldman to Build Out FX Trading Infrastructure in Singapore

By Editors | 30/09/2020

Goldman expects its FX pricing engine in Singapore to be live in the first quarter of 2021 across deliverable and non-deliverable currencies.

Trading & Investment

Singapore Extends Measures on Electronic Offer Documents

By Editors | 29/09/2020

Listed issuers and parties involved in rights issues and takeover or merger transactions can electronically disseminate offer documents for 9 more months.