Singapore

Market Infrastructure

MAS Forms Culture and Conduct Steering Committee for Insurance

By Editors | 13/12/2019

The steering committee will monitor trends and identify emerging issues, and collaborate with MAS on initiatives to promote strong culture and conduct in Singapore’s insurance industry.

ESG / Sustainability

ASEAN Regulators Are Shoring Up Climate Safeguards: WWF

By Manesh Samtani | 10/12/2019

In a new report, WWF Singapore says ASEAN financial regulators and banking associations are increasing their expectations on banks to assess and mitigate climate and environmental risk.

Securities / Derivatives

Philippine Bourse Proposes Tightening of Delisting Rules

By Editors | 06/12/2019

Under the proposed rules, a voluntary delisting must be approved by all independent directors and by stockholders owning at least 75 percent of the total outstanding listed shares.

Fintech / Regtech

Singapore Brokerages to Enter Race for Digital Bank Licences

By Garima Chitkara | 04/12/2019

Domestic brokerages Phillip Securities and iFAST prepare to draw up applications digital banking licence to fend off competition from foreign entrants and domestic banks expanding into brokerage business.

ESG / Sustainability

Almost All SGX Companies Produce Sustainability Reports Since Mandate

By Editors | 04/12/2019

99.8% of SGX listed companies have produced sustainability reports, according to a joint review conducted by SGX RegCo and the Centre for Governance, Institutions and Organisations.

Capital / Liquidity

MAS Highlights FX Liquidity, Cyber Risk in Latest FSR

By Manesh Samtani | 02/12/2019

In its latest Financial Stability Review, the MAS highlights pressures on foreign currency liquidity and the potential impacts of a cyber attack on Singapore banks and their service providers.

Enforcement

Third Individual Jailed in SGX Derivatives Spoofing Case

By Editors | 29/11/2019

The former proprietary trading firm director furnished a false statement to SGX Derivatives Trading with the intent of deceiving it about trading activities in futures contracts.

Employee Credit Checks by FIs Are Appropriate: MAS

By Editors | 29/11/2019

It is entirely appropriate for FIs to assure themselves that their employees and representatives are in good financial standing, the MAS says.

Securities / Derivatives

SGX RegCo Proposes Removal of Minimum Trading Price Rule

By Editors | 29/11/2019

SGX RegCo is proposing to scrap the MTP rule in light of its suite of other measures to deal with market manipulation, including the pairing of trading restrictions with ‘Trade with Caution’ alerts.