SINGAPORE

    Fintech / Regtech

    MAS 610 a Top Concern for Singapore Banks in 2019 – Report

    By Manesh Samtani | 15/06/2018

    High granularity data for new reporting regime requires reporting of approx. 300,000 data elements, the top concern for Singapore banks next year, according to Wolters Kluwer survey.

    Securities / Derivatives

    Singapore to Introduce New Corporate Structure For Funds

    By Garima Chitkara | 07/06/2018

    S-VACC, Singapore’s new investment firm structure, will come into effect by next year and will help boost synergies between firm management and domiciliation, according to MAS managing director.

    Fintech / Regtech

    Singapore, India Establish Joint Working Group on FinTech

    By Karen Chiu | 06/06/2018

    Joint working group to foster closer fintech cooperation, including through real-time cross border fund transfers and links between payment system operators.

    Capital / Liquidity

    IFRS 9 to Cause Volatility in Singapore Bank Profitability – Moody’s

    By Garima Chitkara | 04/06/2018

    The adoption of Singapore’s equivalent of IFRS 9 will be neutral for bank capitalisation, but changing risk and macroeconomic conditions could lead to varying levels of provisioning, says Moody’s.

    Market Infrastructure

    NSE-SGX Dispute Runs Afoul of MSCI

    By Garima Chitkara | 31/05/2018

    MSCI considering placing India on notice due to “burdensome” SEBI registration process and stock exchange action that could restrict global availability of investment instruments.

    Securities / Derivatives

    Singapore to Require Reporting of Short Selling Information

    By Garima Chitkara | 31/05/2018

    Short sellers will have report their positions and short sell orders on SGX-listed securities to the MAS starting October this year; MAS rules expected to improve transparency.

    Market Infrastructure

    Regulators to the Rescue: MAS and the Drive to Ease the Data Reporting Burden

    By Swati Kothari | 30/05/2018

    MAS has unveiled its roadmap for the transformation of the collection of data from financial institutions. And while there may be clear benefits, providing all data in machine readable format by MAS’ planned deadline will be challenging.

    Market Infrastructure

    MAS, HKMA Commit to FX Global Code

    By Editors | 30/05/2018

    Over 200 global FX market participants have committed to the Code to maintain status as central bank counterparties.

    Crypto / Digital Assets

    MAS Warns Eight Crypto Exchanges, Halts ICO Issuer

    By JP Reimann | 28/05/2018

    Exchanges warned against facilitating trading in digital tokens which constitute securities or futures contracts without MAS authorisation; ICO representing equity ownership halted.

    Singapore Consults on Rule Changes for Market Operators

    By Garima Chitkara | 24/05/2018

    MAS launched two consultations to change its market operator regime and its product notification regime; changes made to support new business models in financial services.

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