Singapore

PEPs & Sanctions

OFAC Highlights Potential Gap in Singapore’s Sanctions Regime

By Eric A. Sohn | 15/11/2018

Singapore can do more to prevent sanctions violations by domestic firms playing out on the international stage, says Eric A. Sohn at Dow Jones Risk & Compliance.

Cloud & Infrastructure

MAS to ‘Fast-Track’ Sandbox Applicants for Some Regulated Activities

By Editors | 15/11/2018

The regulator wants to streamline the application and approval process for regulated activities where risks are generally low or well understood and could be reasonably contained.

Alternative Markets

Singapore Pledges $5bn to Private Equity, Venture Capital Firms

By Garima Chitkara | 14/11/2018

At Singapore Fintech Festival, MAS said it will place up to $5bn for management with private equity and venture capital firms focused on infrastructure and enterprise financing.

Clearing & Post-Trade

SGX to Launch New T+2 Securities Settlement System from 10 December

By Manesh Samtani | 14/11/2018

Among several other enhancements, moving from a T+3 to a T+2 settlement cycle will harmonise Singapore with stock markets in Australia, the EU, Hong Kong and the US.

Tokenisation

New STO Platform Gets Backing from SGX, Temasek

By Editors | 13/11/2018

SGX and a Temasek unit have invested in a new platform that is seeking MAS licensing to enable fundraising in Singapore through security token offerings.

AI Risk & Governance

MAS Issues Guidance on Responsible Use of AI, Data Analytics

By Manesh Samtani | 13/11/2018

MAS managing director Ravi Menon announced the release of the Fairness, Ethics, Accountability & Transparency, or FEAT, Principles at the Singapore Fintech Festival.

Structural Regulation

SGX RegCo to Give Minority Shareholders Bigger Say on Delistings

By Editors | 12/11/2018

Parties making the voluntary delisting offer to privatise an issuer will not be allowed to vote on the delisting resolution, as is the case in Hong Kong and Australia.

Tokenisation

MAS, SGX Develop DvP Prototypes for Settlement of Tokenised Assets

By Editors | 12/11/2018

MAS and SGX have developed delivery versus payment capabilities for the settlement of tokenised assets across different blockchain platforms, which they say can help simplify post-trade processes and further shorten settlement cycles in capital markets.

Credit Risk

US-China Trade Dispute Poses Risk for Singapore Banks – Moody’s

By Manesh Samtani | 07/11/2018

Singapore banks face greater asset risk in 2019, with both Moody’s and Fitch expecting loan growth to moderate amid worsening global conditions.