SINGAPORE

Enforcement

MAS Ends Six-Month Pause on Non-Essential Activities at DBS

By Nithya Subramanian | 02/05/2024

MAS will retain the additional capital requirement and “closely monitor” DBS Bank’s progress on the remaining deliverables.

Capital / Liquidity

Redomiciling VCC Funds to Singapore Can Be ‘Daunting’

By Nithya Subramanian | 02/05/2024

Besides navigating a complex maze of regulatory, tax and operational hurdles, the spectre of asset illiquidity during transition looms large.

ESG / Sustainability

Common Green Fund Rules Remain Distant Dream

By ESG Investor | 01/05/2024

Investors call for greater clarity and certainty on regulatory expectations around sustainable finance disclosures.

Fintech / Regtech

Four Singapore BNPL Providers Receive Trustmark Accreditations

By Nithya Subramanian | 30/04/2024

The Trustmark indicates a service provider’s commitment to responsible lending and compliance with the BNPL Code of Conduct.

Securities / Derivatives

MAS Tightens Remuneration Disclosure Rule for REIT Managers

By Nithya Subramanian | 29/04/2024

MAS has removed the exemption provision and made it mandatory to disclose CEO and director remuneration in the annual report.

Enforcement

Bank of Singapore Dismisses Staff Over Misuse of Medical Benefits

By Nithya Subramanian | 28/04/2024

The employees submitted claims for supplements, baby milk and beauty products, which were non-claimable items.

Market Infrastructure

MAS Issues New Guidance on RFMC Transition

By Nithya Subramanian | 26/04/2024

New FAQs provide clarity on the application and assessment process and how existing RFMCs can ensure smooth functioning during the transition phase.

Enforcement

US Citizen Jailed in Singapore for Running Ponzi Scheme

By Nithya Subramanian | 26/04/2024

Michael Philip Atkins cheated more than 1,000 investors in a forex trading scheme involving more than S$18mn.

Capital / Liquidity

Asia-Pacific’s Long March Towards the Basel Endgame

By Blake Evans-Pritchard | 26/04/2024

Those who think we’ve heard the last about the framework’s implementation should think again.