Singapore

    AML / KYC

    Standard Chartered Guernsey-Singapore Transfers Under Investigation

    By Editors | 09/10/2017

    Authorities suggest bank may have conducted $1.4bn of transfers to Singapore to avoid being caught under Common Reporting Standard.

    AML / KYC

    Forensic Accountancy Programme Launched in Singapore to Combat Financial Crime

    By Editors | 05/10/2017

    Forensic accountancy qualification will be open to financial crime compliance and investigations professionals; ACRA to consider monitoring audit firms.

    Market Infrastructure

    Singapore Boosts Banks in Battle vs Fintech Firms

    By Samuel Riding | 02/10/2017

    Banks allowed to provide broader range of services including online sale of consumer goods; MAS cites ‘increasing competition from non-bank players’.

    Capital / Liquidity

    Hong Kong Belatedly Joins Singapore in Pushing Back IRRBB

    By Editors | 28/09/2017

    Implementation delayed by a year as firms say they might not have met original deadline due to having to make substantial changes to reporting systems.

    Fintech / Regtech

    MAS Creates Advisory Panel on Cybersecurity

    By Editors | 21/09/2017

    Panel on cybersecurity and resilience includes representatives from Accenture, JPMorgan, London Stock Exchange, PwC and Standard Chartered Bank.

    Market Infrastructure

    SGX Regulatory Subsidiary Ready to Start Operations

    By Editors | 12/09/2017

    SGX RegCo will begin operations on Friday (12 September) with three new board members joining Tan Cheng Han and Tan Boon Gin at the helm.

    Singapore, Australia and ‘Fundamental Regulatory Overhaul’

    By Samuel Riding | 31/08/2017

    Requirements on balance sheet reporting a stiff challenge for banks despite regulators’ nods to technology’s potential, says Axiom SL.

    AML / KYC

    China Joins Stampede to Regulate ICOs

    By Samuel Riding | 31/08/2017

    Regulators to introduce rules on ICOs/ITOs which raised nearly $400mn in 1st half of 2017; follows moves by the US and Singapore in July.

    Capital / Liquidity

    SAS, KPMG Launch Microsoft Azure-based IFRS 9 Solution

    By Editors | 31/08/2017

    Technology will be offered 1st in Singapore to meet January 2018 IFRS 9 deadline, can be extended to stress testing and other regulatory requirements.

    Capital / Liquidity

    Singapore Regulator Issues Resolution Regime

    By Samuel Riding | 24/08/2017

    Resolution regime includes four stage assessment criteria for financial institutions, emphasises private sector role; to be operationalised ‘in due course’.

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