Singapore

Tokenisation

Singapore Brings ICO’s Within Regulatory Ambit

By Garima Chitkara | 02/08/2017

Singapore regulator announces intention to regulate ICO’s that share characteristics of debt or equity securities.

Capital Adequacy

MAS Issues Capital Adequacy Consultation

By Editors | 26/07/2017

Revised Notice 637 on banks’ capital requirements set to bring Singapore in line with Basel III, starting from January next […]

KYC & CDD

Singapore Regtechs Innovate New KYC Methods

By Editors | 24/07/2017

Regtech firms Silent Eight and Black Swan technologies emerge from OCBC’s Open Vault to cut KYC processes from up to […]

Liquidity Risk

NSFR Pushes Singapore Banks to Prioritise Long-term Funding

By Editors | 20/07/2017

NSFR requires locally-based D-SIBS to have customer deposits, long-term wholesale funding and equity sufficient to cover extended period of market stress.

Structural Regulation

Singapore Market Infrastructure Regime Gains CPMI/IOSCO Approval

By Editors | 18/07/2017

Peer review finds MAS meets all but one of 24 principles designed to shore up systemically important market infrastructure including central counterparties.

Cybersecurity

Emerging Asian Markets Suffer Shutdowns, Cyberattacks

By Editors | 17/07/2017

Exchanges in India and Indonesia suffer outages, citing ‘technical issues’; brokers connected to Bursa Malaysia report spate of cyberattacks on two separate days.

Anti-Money Laundering

Singapore Banker Gets 2nd Conviction for 1MDB-related Offences

By Editors | 13/07/2017

Former wealth manager at shuttered Singapore office of Swiss bank BSI to serve further two years for money laundering after witness tampering sentence ends.

Resolution & Recovery

MAS Takes Next Step Towards Increased Powers

By Editors | 06/07/2017

Bill would allow regulator to compel firms to prepare recovery plans, enforce mandatory bail-ins for failing institutions.

Clearing & Post-Trade

Only 1 Major APAC CCP Working on Crisis Group – Report

By Samuel Riding | 06/07/2017

Crisis group one of FSB’s main recommendations for CCPs; joint study warns on interconnectedness, concentration.