Singapore

    image

    Enforcement

    Former Eagle Hospitality Trust CEO Charged for Disclosure Breaches

    By Nithya Subramanian | 20/05/2024

    The former CEO is accused of “reckless” failure to disclose information that was necessary to avoid the establishment of a false market.

    image

    Fintech / Regtech

    Implementing Singapore’s New OTC Derivatives Reporting Regime

    By Manesh Samtani | 20/05/2024

    Broadridge’s Carl Hovland and David Farmery talk to Regulation Asia about the measures firms should consider as they implement new OTC derivatives reporting requirements in Singapore.

    image

    Capital / Liquidity

    MAS Issues Notice on Basel III Implementation

    By Editors | 17/05/2024

    MAS issued a notice to cancel the 2012 MAS Notice 637 and implement a new notice on the Basel III reforms with effect from 1 July 2024.

    image

    Fintech / Regtech

    StanChart Completes First EUR Transactions on Partior

    By Nithya Subramanian | 17/05/2024

    The bank completed the transactions between Hong Kong and Singapore involving Siemens and iFAST Financial.

    image

    AML / KYC

    Singapore Makes Sixth Conviction in Money Laundering Case

    By Nithya Subramanian | 15/05/2024

    Turkish national Vang Shuiming was sentenced to “13 months and six weeks” imprisonment and required to forfeit S$179mn in assets.

    image

    Crypto / Digital Assets

    Deutsche Bank Joins Singapore’s Project Guardian

    By Nithya Subramanian | 15/05/2024

    The bank will test an open architecture and interoperable blockchain platform to service tokenised and digital funds.

    image

    Big Picture

    Singapore to Boost Attractiveness of Accountancy Sector

    By Nithya Subramanian | 15/05/2024

    Accountancy Workforce Review Committee offers recommendations to build a sustainable pipeline of talents in the accountancy sector.

    image

    Crypto / Digital Assets

    MAS Grants Major Payment License to XREX Singapore

    By Nithya Subramanian | 14/05/2024

    The approval authorises six payment services, including cross-border money transfer, e-money issuance and DPT services.

    image

    Enforcement

    Singapore: Next Phase of FSMA Implementation Has Commenced

    By Editors | 14/05/2024

    MAS can now impose fines up to S$1mn for non-compliance with technology risk management requirements.

    image

    Securities / Derivatives

    MAS Finalises Rules for New OTC Derivatives Reporting Regime

    By Manesh Samtani | 14/05/2024

    The final regulations come into operation on 21 October 2024, introducing the UPI, UTI, CDE and ISO 20022 in reporting.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team