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Big Picture
Singapore Banks Set for Profitability, Asset Quality Boost in 2018 – Moody’s
By Garima Chitkara | 19/02/2018
DBS, OCBC and UOB will see greater interest income due to increased rates and improved capital buffers as oil and gas NPAs were recognised and provisioned in 2017.
Capital / Liquidity
Singapore to Raise Focus on Investment Fund Conduct, Governance
By Garima Chitkara | 15/02/2018
MAS executive director also speaks about variable capital structure framework for investment funds slated for implementation in 2018.
Fintech / Regtech
MAS Consults on E-Payment Guidelines
By Editors | 14/02/2018
The guidelines set standards on financial institutions providing e-payment services and their users.
Market Infrastructure
Industry Initiative Set to Streamline MAS 610 Compliance
By Editors | 12/02/2018
AxiomSL-led initative will define open taxonomy and standardise interpretations for the revised MAS 610 reporting mandate.
AML / KYC
MAS Encourages Fintech Use for KYC, AML Checks
By Garima Chitkara | 08/02/2018
Monetary Authority of Singapore says technology-based customer due diligence could increase the quality of risk management for financial institutions.
Market Infrastructure
Singapore, Malaysia Unveil Plans for Cross Border Stock Trading Link
By Manesh Samtani | 07/02/2018
Link to be operational by year-end; will enable cross-border trading, clearing, settlement of shares between SGX and Bursa Malaysia.
ESG / Sustainability
Singapore Fund Managers Highlight Political Risk: IMAS Survey
By Garima Chitkara | 27/01/2018
Majority of respondents expect to follow multi-asset strategy in response to political pressures; managers also concerned about fintech disruption and compliance costs.
Enforcement
Singaporean Jailed for 4 Months for ‘False Trading’
By Editors | 24/01/2018
Mok Piak Liang convicted of manipulating share price to push up value of stock pledged to margin account and avoid having to top-up account by other means.
AML / KYC
MAS to End Pre-Approval Requirement for Non-Face-to-Face KYC
By Samuel Riding | 17/01/2018
Regulator says money changers, remittance firms don’t need pre-approval for video-onboarding and other tech, but must have non-face-to-face procedures audited.
AML / KYC
Singapore Activates 61 AEOI Relationships for 2018
By Editors | 17/01/2018
The country will automatically exchange tax information from January 2017 with 61 countries under the OECD’s Common Reporting Standards.
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