Young adults and newly married couples will be eligible to apply for 40-year home mortgage loans under a government-sponsored programme.
Lengthy procurement processes, cumbersome IT and security approvals, and implementation complexity are hindering APAC regtech adoption.
SIFIs will be required to prepare recovery and resolution plans and submit them to the FSS within three months from being designated.
All nine REITs opened higher on their first day of trading, highlighting enthusiasm from investors for the new type of equity securities.
The principles are based on a broader definition of climate finance which goes beyond debt instruments and captures equity financing and working capital.
FIX Marketplace enables issuers to digitalise their bonds for direct issuance in the market, while allowing for direct interaction with investors.
The new standards will facilitate data sharing between FIs and within settlement participants, thereby promoting standardisation and enhancing data governance.
Banks are asked to review and assess the impact of the SFC's revised framework and take action to ensure compliance.
Financial advisers have enhanced their standards and raised the quality of advice provided to customers, MAS found in a mystery shopping exercise.
The reforms will enable easier comparison of super funds and block underperforming funds from gaining new members, among other changes.
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