SINGAPORE

ESG / Sustainability

UNDP, MAS, GLEIF Launch Global Initiative to Boost MSME Finance

By Editors | 14/11/2023

The initiative proposes to create trusted credentials that characterise an MSME’s financing worthiness based on traditional and alternative data sets.

Crypto / Digital Assets

Singapore Crypto Lender Hodlnaut to Enter Into Liquidation

By Editors | 13/11/2023

Creditors rejected Hodlnaut’s restructuring plan, believing a liquidation would maximise the distribution of the remaining assets.

Securities / Derivatives

SGX Lists Third ETF Under Shenzhen Trading Link

By Editors | 10/11/2023

The new ETF, a collaboration between CGS-CIMB Securities and Fullgoal Asset Management, is the first CSI 1000 ETF listed outside of China.

Fintech / Regtech

Singapore BNPL Code Enter Next Phase of Implementation

By Editors | 09/11/2023

Six BNPL providers will undergo audits over the next few months and have to become accredited by 31 March 2024.

Market Infrastructure

US Adds Vietnam to FX Monitoring List, Removes Korea

By Editors | 09/11/2023

US Treasury is monitoring the currency practices and macroeconomic policies of six trading partners, including China, Malaysia, Singapore, and Taiwan.

Fintech / Regtech

DBS to Strengthen In-House Software Engineering Team

By Editors | 08/11/2023

DBS chief Piyush Gupta said deeper engineering talent is needed in-house to troubleshoot software bugs such as those that caused this year’s service disruptions.

Big Picture

Singapore Introduces Financial Penalties Under New Copyright Scheme

By Ranamita Chakraborty | 08/11/2023

The Intellectual Property Office of Singapore can take regulatory actions against CMOs for breaching license conditions, including imposing financial penalties.

Crypto / Digital Assets

Investor Protection is Key to Singapore, Hong Kong Crypto Regulations

By Nithya Subramanian | 08/11/2023

As Singapore and Hong Kong regulators navigate the fast-changing digital assets landscape, investor protection takes centerstage.

Fintech / Regtech

Singapore’s OCBC Experiences 2.5 Hour Service Disruption

By Editors | 08/11/2023

In Singapore, banks are required to ensure that critical systems and services can be restored within four hours following an outage.