Singapore

Market Infrastructure

Singapore FIs Need Stronger Cyber Risk Culture: MAS CSAP

By Editors | 01/10/2019

CSAP members cite poor risk culture as a frequent contributing factor during cyber incidents, highlighting that clear expectations must be set at the board and senior management level.

Securities / Derivatives

SGX to Introduce Price Collars for Auction Mechanism

By Editors | 30/09/2019

The price limits will prevent order matching beyond a certain range of the last traded price for the securities market’s opening, mid-day and closing auction routines.

Market Infrastructure

Singapore Unveils New Framework for Upskilling Financial Sector

By Editors | 30/09/2019

The IBF, MAS, SkillsFuture and Workforce Singapore jointly developed the framework to help finance industry professionals upgrade their skills and remain relevant.

Fintech / Regtech

Regulatory Reporting: An Approach for Smaller Banks

By Irene Liu | 25/09/2019

Banks are starting to gain real business value from investments into better data governance and architecture, say Irene Liu, David Yakowitz and Catherine Lee at PwC.

Market Infrastructure

ISDA Issues Guidance on Executing Trades on Recognised Venues

By Editors | 23/09/2019

The guides describe how cross-border trading will work following the CFTC-MAS, CFTC-FSA and EC-MAS agreements on mutual recognition of derivatives trading venues.

AML / KYC

Singapore Charges Second National for Terrorism Financing

By Editors | 19/09/2019

A Singapore national was charged for providing money for terrorist purposes after he sent about $830 to an individual overseas who was said to have been facilitating terrorist acts.

Securities / Derivatives

BIS Survey Reveals Rising Significance of Asian FX Hubs

By Manesh Samtani | 18/09/2019

Sales desks in China, Hong Kong and Singapore all recorded rises in FX trading activity compared to three years earlier. The UK increased its dominance despite Brexit fears.

Market Infrastructure

SGX Annual Report Highlights Rising Interest from Global Investors

By Manesh Samtani | 13/09/2019

SGX is exploring how new technologies can further add value for customers and improve operations, while its regulatory arm seeks a stronger presence and oversight.

Fintech / Regtech

Malaysia Association Joins APAC RegTech Network

By Editors | 10/09/2019

The APAC RegTech Network was established by the regtech committees of the fintech associations of Hong Kong, Japan and Singapore in May.