Singapore

Cloud & Infrastructure

Singapore Banks Still Analysing Data Gaps for MAS 610

By Editors | 24/05/2019

A Wolters Kluwer survey has revealed that 76% of Singapore banks are in the ‘data gap analysis’ stage in their preparation for MAS 610/1003.

Conduct, Culture & Accountability

MAS, ABS Form Culture and Conduct Steering Group

By Garima Chitkara | 23/05/2019

The steering group will identify best practices, monitor trends and emerging issues, and collaborate on initiatives to promote strong culture and conduct.

Structural Regulation

MAS Proposes Consolidated Regulation, Licensing for Merchant Banks

By Editors | 22/05/2019

MAS is consulting on proposals to consolidate regulation of merchant banks under the Banking Act, and to move them to a licensing regime.

AI Risk & Governance

Artificial Intelligence Holds “Immense Potential” for Risk Management – MAS

By Garima Chitkara | 16/05/2019

MAS is using artificial intelligence tools for risk detection and market surveillance, while also working to strengthen protections against cyber risk, data breaches and AI-based discrimination.

Trading & Investment

SGX to Introduce 10-Minute ‘Trade at Close’ Session in June

By Editors | 16/05/2019

SGX will introduce a 10-minute ‘trade at close’ session starting from 3 June. The session will allow participants to execute orders at the closing price of a security.

Trading & Investment

Sri Lanka Signs Dual Bond Listing Deal with London

By Editors | 14/05/2019

Colombo’s stock exchange has signed an MoU to list domestic government bonds in London and enable LSEG to support the development of Sri Lanka’s capital markets.

Trading & Investment

SGX Updates Rules on Securities Trading, Market Practices

By Editors | 13/05/2019

Following an October 2017 public consultation, SGX has announced that a number of new rules on securities trading and market practices will take effect next month.

Market Abuse

MAS Imposes Multi-Year Bans for ‘Dishonest Conduct’

By Editors | 10/05/2019

Two former representatives of Jefferies Singapore colluded to trade against their firm using privileged information, representing ‘deceptive conduct’ which contravenes the SFA.

Capital Adequacy

MAS Consults on Revised Capital Requirements for Singapore Banks

By Garima Chitkara | 08/05/2019

The central bank has opted to use its national discretion in key areas in credit, market and operational risk management.