Singapore

Tokenisation

DBS Bank Launches Token Services for Institutional Clients

By Nithya Subramanian | 21/10/2024

The new services offer real-time payment settlement through a permissioned blockchain, which is expected to enable clients to optimise liquidity and streamline operations.

Structural Regulation

Euroclear Acquires Strategic Stake in Singapore’s Marketnode

By Nithya Subramanian | 19/10/2024

Euroclear said it aims to participate in establishing a key APAC market infrastructure designed to simplify the management of funds flows and reduce settlement times.

Cybersecurity

Singapore CSA Launches Guidelines for Deploying AI Systems

By Nithya Subramanian | 18/10/2024

New Guidelines and Companion Guide aim to help firms securely adopt AI tech and guide decision-makers on security controls and best practices.

Emerging Prudential Risks

Singapore Amends Insurance Act Blocking Allianz-Income Deal

By Nithya Subramanian | 18/10/2024

The changes mean an extra layer of approval will be required for transactions involving insurers that are co-operatives or have co-operative links.

Conduct, Culture & Accountability

SGX Lifts Moratorium on UOBKH Following Remedial Actions

By Nithya Subramanian | 18/10/2024

UOBKH is now allowed to resume acting as an issue manager or full sponsor for new IPOs and reverse takeovers on SGX.

Market Data & Technology

DSB Says Australia, Singapore Ready for UPI Reporting

By Editors | 18/10/2024

Australia and Singapore will go live with UPI reporting requirements for OTC derivatives transactions starting from 21 October.

Market Abuse

CFTC Fines Singapore’s Olam Group for Late Reporting of Cotton Sales

By Nithya Subramanian | 30/09/2024

The CFTC said Olam’s failure to promptly report the sales resulted in the publication of inaccurate and misleading information by the USDA.

Cryptocurrency

Singapore Court Grants WazirX Four-Month Conditional Moratorium

By Nithya Subramanian | 27/09/2024

The moratorium allows WazirX four months to resolve customer losses from a $230mn hack the company suffered in July.

Anti-Money Laundering

MAS to Continue Suspension of Certain China Remittance Channels

By Nithya Subramanian | 27/09/2024

MAS is still reviewing whether to expand the suspension to corporate and legal entity customers of remittance companies.