Singapore

Market Infrastructure

OSTTRA Completes First Multilateral Conversions of SOR Currency Swaps

By Editors | 07/06/2023

DBS, OCBC and UOB participated in OSTTRA’s first multilateral conversion of USD/SGD swaps from SOR to SORA.

Consumers Still First Line of Defence Against Fraud

By Karen Ng | 07/06/2023

Fraudulent websites are causing chaos. Banks and regulators have taken on a parenting role to stop consumers from falling prey to scammers.

Securities / Derivatives

SGX RegCo Resumes Watch Listing Process After Three Years

By Editors | 06/06/2023

SGX RegCo suspended the half-yearly watch-list reviews in June 2020. With the resumption, nine companies have been added to the list.

Crypto / Digital Assets

Crypto.com Receives Licence to Offer Crypto Services in Singapore

By Sanday Chongo Kabange | 06/06/2023

CEO Kris Marszalek said Crypto.com is proud to receive a licence from a regulator that “prioritises consumer protection, safety and security”.

ESG / Sustainability

WWF-Singapore Assesses ESG Integration Efforts at Private Banks

By Editors | 06/06/2023

The study identified a need private banks to improve risk management and better incorporate ESG risk assessments and scenario analysis in their processes.

Enforcement

MAS Bans Six Former Great Eastern Advisers for Tax Fraud

By Ranamita Chakraborty | 02/06/2023

MAS said the six former insurance agents actively participated in a scheme to cheat the Inland Revenue Authority out of S$125,000.

ESG / Sustainability

NGFS to Develop Transition Planning Standards for Supervisors

By Ranamita Chakraborty | 02/06/2023

MAS head Ravi Menon, who chairs the NGFS, said guidance on transition planning will be produced to help supervisors set expectations for FIs.

AML / KYC

MAS Introduces Reporting Obligations for Exempted Payments Firms

By Manesh Samtani | 01/06/2023

Crypto firms still under a PSA exemption have to report the total number of “higher risk customers” they serve, such as PEPs and their close associates.

Press Release

Leading Regtech Firms Announced as Winners at Pitch! Regtech

By Editors | 01/06/2023

Judges selected Aboitiz Data Innovation, HAWK:AI, Synpulse, and Rimm Sustainability as the winners at Regulation Asia’s inaugural Pitch! Regtech event.