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KYC & CDD
MAS Shelves ‘KYC Utility’ Project as Costs Surpass Expectations
By Editors | 15/10/2018
The setup cost of the KYC utility exceeds the savings banks would be able to achieve, MAS managing director Ravi Menon told Bloomberg.
Cryptocurrency
MAS to Help Crypto Firms Access Banking Services – Report
By Manesh Samtani | 11/10/2018
Ravi Menon told Bloomberg that MAS is trying to bring banks and crypto startups together to see if an understanding can be reached.
Trading & Investment
MAS Issues Guidelines on Provision of Robo-Advisory Services
By Editors | 09/10/2018
Guidelines allow digital advisers to pass client orders to brokerage firms for execution without the need for an additional capital markets services licence.
Trading & Investment
NZX Signs MoU with Shanghai Stock Exchange
By Editors | 04/10/2018
The NZX board is making a conscious effort to move away from a domestic focused strategy and to develop global links, said its chairman James Miller in a letter to shareholders.
Trading & Investment
Hong Kong, Singapore Gear Up Reform in Asset Management Sector
By Manesh Samtani | 04/10/2018
Remi Toucheboeuf at BNP Paribas Securities Services sat down with Regulation Asia to talk about new opportunities for fund managers in Hong Kong and Singapore.
Cybersecurity
MAS Cyber Security Panel Highlights Risks from Emerging Tech
By Manesh Samtani | 03/10/2018
Cybersecurity experts on the panel discussed the growing adoption by financial institutions of new technologies such as cloud services and open APIs.
Structural Regulation
Singapore Passes Bill Enabling New VCC Fund Structure
By Manesh Samtani | 03/10/2018
The Variable Capital Company structure is aimed at boosting Singapore’s status as an full-service international fund management centre.
Structural Regulation
MAS Goes Live with Reporting Requirement for OTC Commodity, Equity Trades
By Manesh Samtani | 02/10/2018
Firms must report OTC derivatives transactions in commodities and equities to a licensed trade repository; DTCC welcomes the MAS’ move to improve transparency and reduce risk.
Payments & Settlements
MAS Publishes User Protection Guidelines for E-Payments
By Manesh Samtani | 01/10/2018
The guidelines establish a common baseline protection from losses arising from isolated unauthorised or erroneous electronic payment transactions.
Structural Regulation
US SEC Cautions Against Governance Risks from Dual Class Shares – Report
By Manesh Samtani | 26/09/2018
SEC commissioner Robert Jackson Jr reportedly urged Singapore and Hong Kong to maintain close oversight over companies with dual class share structures to mitigate against corporate governance risks.
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