Singapore

Operational Risk

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.

Structural Regulation

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.

Cryptocurrency

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.

Operational Risk

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.

Cloud & Infrastructure

Singaporean Fintechs Expand into Australia with Project Lorikeet

By Mark Johnston | 07/11/2023

Four Singaporean fintech companies have successfully expanded into the Australian market through a joint initiative by SFA and Austrade.

Anti-Money Laundering

Seven FIUs Pledge to Collaborate Against Illegal Wildlife Trade

By Mark Johnston | 07/11/2023

The FIUs pledge to prevent, detect and disrupt financial activity linked to illegal wildlife trade.

Structural Regulation

Singapore to Introduce New Investment Regime for Critical Entities

By Manesh Samtani | 06/11/2023

The new investment management regime will cover entities that are critical to Singapore’s national security interests but are not yet adequately covered under existing legislation.

Anti-Money Laundering

Singapore to Monitor Money Laundering Risks from Crypto Exchange Applicants

By Nithya Subramanian | 06/11/2023

The regulator will reject applicants who fail to meet the required standards for ML/TF and technology risks.

Trading & Investment

MAS Offers Update on Changes to Complex Products Regime

By Manesh Samtani | 05/11/2023

MAS will adopt some changes to streamline the complexity criteria for CIS. Other changes will be addressed in a new consultation in H1 2024.