SINGAPORE

Securities / Derivatives

Addressing Concern About SLBs With Enhanced Targets and Structure

By Joanne Teo | 26/09/2023

SGX RegCo’s Joanne Teo and Michael Tang discuss the use of sustainability-linked bonds to finance transition efforts and how to enhance the credibility of such instruments.

Enforcement

Singapore Banks Ramp Up Scrutiny of Risky Customers – Reports

By Mark Johnston | 25/09/2023

Singapore banks are red-flagging, reviewing, restricting and/or closing accounts of customers from China, Vanuatu, Dominica, Cyprus, Cambodia, Turkey, and St Kitts and Nevis.

Capital / Liquidity

MAS Announces Decision to Increase Deposit Insurance Limit

By Sanday Chongo Kabange | 24/09/2023

MAS will increase the maximum deposit insurance coverage from the current S$75,000 to S$100,000, starting from 1 April 2024.

Market Infrastructure

OCBC Joins LCH SwapClear and HKEX’s OTC Clear

By Sanday Chongo Kabange | 24/09/2023

Direct clearing membership with LCH SwapClear and OTC Clear will help lower costs and enable better hedging tools for investors.

AML / KYC

Assets Involved in Singapore Money Laundering Case Reach S$2.4 Billion

By Editors | 22/09/2023

Singapore police say the assets involved in the case now involve S$2.4bn, which is more than twice the amount initially reported in August.

Capital / Liquidity

MAS Finalises Framework for Designating Systemically Important Insurers

By Editors | 22/09/2023

The inaugural list of D-SIIs includes AIA Singapore; Income Insurance; Prudential Assurance; and Great Eastern Life.

Securities / Derivatives

SGX RegCo Proposes Changes to Derivatives Trading Rules

By Manesh Samtani | 21/09/2023

The amendments update the requirements pertaining to customer margining and introduce rules to govern the use of algorithmic trading.

Capital / Liquidity

MAS Finalises Notice for Implement Basel III Reforms

By Editors | 21/09/2023

The revised MAS Notice 637 will be effective from 1 July 2024. An additional year is provided for compliance with revised market risk and CVA standards.

Enforcement

Singapore: Former CEO, Three Others Charged for False Trading Offences

By Mark Johnston | 20/09/2023

Goh Jin Hian, the son of former PM Goh Chok Tong, allegedly conspired with three others to create a misleading appearance of the price of New Silkroutes securities.