Singapore

Market Infrastructure

Regulators to the Rescue: MAS and the Drive to Ease the Data Reporting Burden

By Swati Kothari | 30/05/2018

MAS has unveiled its roadmap for the transformation of the collection of data from financial institutions. And while there may be clear benefits, providing all data in machine readable format by MAS’ planned deadline will be challenging.

Market Infrastructure

MAS, HKMA Commit to FX Global Code

By Editors | 30/05/2018

Over 200 global FX market participants have committed to the Code to maintain status as central bank counterparties.

Crypto / Digital Assets

MAS Warns Eight Crypto Exchanges, Halts ICO Issuer

By JP Reimann | 28/05/2018

Exchanges warned against facilitating trading in digital tokens which constitute securities or futures contracts without MAS authorisation; ICO representing equity ownership halted.

Singapore Consults on Rule Changes for Market Operators

By Garima Chitkara | 24/05/2018

MAS launched two consultations to change its market operator regime and its product notification regime; changes made to support new business models in financial services.

Market Infrastructure

NSE Takes Legal Action to Prevent SGX India Derivatives Launch

By Garima Chitkara | 24/05/2018

NSE is seeking to prevent SGX from launching India equity derivative products in June; NSE previously terminated its data sharing agreement with SGX for its Nifty futures offering.

Market Infrastructure

MAS Issues Revised Data Submission Rules for FIs

By JP Reimann | 23/05/2018

Revised requirements including increased granularity and rationalisation of data in submissions; set to take effect on 1 October 2020.

Capital / Liquidity

MAS Raises Bank Deposit Insurance Protection 50pc

By Editors | 21/05/2018

Deposit Insurance Scheme coverage to increase to protect up to SGD75,000 per depositor, up from SGD50,000, starting from 1 April 2019.

Market Infrastructure

China-backed Derivatives Exchange APEX Set for Launch in Singapore

By Manesh Samtani | 21/05/2018

Asia Pacific Exchange will become Singapore’s third derivatives exchange, initially offering dollar-denominated and physically tradable palm olein futures starting 25 May.

Fintech / Regtech

MAS Eyes Greater Financial Sector Resilience to Cyber Threats

By Manesh Samtani | 21/05/2018

Consultation to be issued “soon” on raising cyber resilience at financial institutions in Singapore; rules to include internal controls, independent reviews, authentication practices.