Singapore

Clearing & Post-Trade

SGX Proposed to Refine Cap on Clearing Member Liability

By Editors | 25/03/2024

The proposed cap is designed to provide clearing members certainty on their potential exposures when multiple defaults occur.

Trading & Investment

SGX Announces New Listing Under Shanghai ETF Link

By Ranamita Chakraborty | 21/03/2024

The listing strengthens the collaboration between SGX and SSE, expanding their ETF product link to three offerings in total.

Cryptocurrency

Grab Introduces Crypto Payments for Singapore Customers

By Ranamita Chakraborty | 20/03/2024

Grab’s new partnership with payments provider Triple-A allows it to offer wallet top-up option using Bitcoin, Ether, XSGD, USDC, and USDT.

Conduct, Culture & Accountability

MAS to Release Revised Fair Dealing Guidelines for FIs Soon

By Nithya Subramanian | 19/03/2024

The updated guidelines will apply in a “risk proportionate manner” and ensure that customers are treated fairly, said MAS’ Ho Hern Shin.

Reporting & Disclosures

UNDP, MAS, GLEIF Launch Whitepaper on Project Savannah

By Ranamita Chakraborty | 18/03/2024

The whitepaper details Project Savannah’s goals and strategy for empowering MSMEs in sustainability reporting through three key pillars.

Payments & Settlements

Japan, ASEAN Plan Joint QR Code Payment Services

By Nithya Subramanian | 15/03/2024

A standardised QR code payment system will be developed to connect service providers in different countries, facilitating cashless payments across borders.

Anti-Money Laundering

Use of AI for AML Could Lower Effectiveness: Report

By Bradley Maclean | 14/03/2024

A new report from NICE Actimize and Regulation Asia sheds light on APAC’s use of technology to fight financial crime.

Cryptocurrency

Crypto Major OKX Wins In-principle Approval in Singapore

By Ranamita Chakraborty | 14/03/2024

OKX will focus on spot products first while it works to bring local banking connections to customers “as soon as possible”.

KYC & CDD

Singapore: First Batch of Changes to Business Trusts Act Take Effect

By Manesh Samtani | 14/03/2024

Phase 1 implementation introduces requirements for CEOs of business trusts to disclose their interests in transactions, among other provisions.