Singapore

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.

Market Infrastructure

NSE Receives CFTC Approval to Sell Futures to US Customers

By Garima Chitkara | 21/05/2018

NSE can sell futures products to US investors without the later having to register separately as a futures merchant; CFTC approval hinges on information exchange on NSE transactions with SEBI.

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.

AML / KYC

Singapore Releases AML/CTF Best Practice Papers

By Karen Chiu | 17/05/2018

MAS-CAD industry partnership on AML/CFT released best practices papers to help financial institutions guard against trade-based money laundering and the misuse of company structures for illicit purposes.

Fintech / Regtech

Singapore Fast Tracks AI Adoption in Financial Sector

By JP Reimann | 08/05/2018

MAS partners with government agency, media regulator and professional body to promote adoption of AI products and services in financial sector.

AML / KYC

MAS Hits Former Credit Suisse Banker with Prohibition Orders

By Editors | 07/05/2018

Former representative deliberately concealed identity of beneficial owner on three accounts, making it difficult for the bank to monitor and detect suspicious transactions.