Singapore

Payments & Settlements

MAS, ABS Push Greater Adoption of Digital Financial Services

By Editors | 10/04/2020

The Association of Banks in Singapore, support by MAS, is offering incentives to encourage uptake and usage of peer-to-peer funds transfer service PayNow.

Trading & Investment

SGX Marks First Listing of Dual Class Shares in Digital Ceremony

By Editors | 10/04/2020

AMTD International’s listing ceremony was SGX’s first to be conducted digitally with a live global broadcast. It was also the first SGX listing of a NYSE company.

Structural Regulation

MAS Extends Assessment Period for Digital Bank Decisions

By Editors | 09/04/2020

Successful digital bank applicants will be informed in the second half of this year, instead of June 2020 as originally intended.

Cloud & Infrastructure

MAS Unveils Support Package to Bolster Financial Sector Capabilities

By Editors | 08/04/2020

The package includes training allowances, IBF course subsidies, salary support, digital acceleration grants, and free access to API Exchange.

Structural Regulation

SGX RegCo Suspends Issuer Watch List, Raises Share Issue Limits

By Editors | 08/04/2020

The measures will help SGX issuers to focus on meeting current business and economic challenges and accelerate fund-raising efforts to address liquidity issues.

Capital Adequacy

MAS Relaxes Capital Rules, Defers Policy Implementation

By Editors | 07/04/2020

MAS has adjusted banks’ capital and liquidity requirements to help sustain their lending activities, while also deferring a host of regulatory initiatives until further notice.

Structural Regulation

In-Depth: Making Sense of Digital Bank Policy

By Jamie Lloyd Evans | 07/04/2020

Industry veteran Jamie Lloyd Evans takes a detailed look at digital banking regimes in Asia, and the stated – and unstated – motivations behind them.

Fraud, Scams & Cybercrime

Singapore: Suspect Arrested in Covid-19 Money Laundering Case

By Editors | 06/04/2020

Quick intervention by seven banks allowed enabled the recovery of more than 60% of the amount scammed in the fraudulent sale of surgical masks and hand sanitisers.

Credit Risk

Singapore Govt to Increase Risk Share on SME Loans

By Editors | 06/04/2020

The government will increase its risk share of loans made under existing loan financing schemes from 80% to 90%, for loans initiated from 8 Apr until 31 Mar 2021.