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AML / KYC
MAS ‘Closely Studying’ Singapore Mentions in FinCEN Files
By Editors | 21/09/2020
The SARs contained in the FinCEN Files flagged 1,781 transactions that flowed through Singapore as potentially suspicious.
Securities / Derivatives
Barclays to Build Out FX Trading Infrastructure in Singapore
By Editors | 19/09/2020
Barclays will launch an FX trading and pricing engine in Singapore by mid-2021, adding to existing platforms in New York, London and Tokyo.
Securities / Derivatives
SGX to List World’s Largest Chinese Pure Government Bond ETF
By Editors | 17/09/2020
CSOP Asset Management’s inaugural ETF on SGX will track the performance of fixed-rate government bonds issued in China as measured by a FTSE Russell index.
ESG / Sustainability
Singapore Fund Industry to Collaborate to Address Skills Gap
By Sanday Chongo Kabange | 16/09/2020
The first phase of the initiative will equip asset management trainees with foundation skills as well as future-ready skills in fintech, impact investing and ESG.
Market Infrastructure
Data, Technology Crucial for New Normal, LIBOR Transition
By Bing Li | 15/09/2020
The LIBOR transition opens the door to a fundamental rethink of the use of data and technology, and how firms provide products and services to customers, says Bloomberg’s Bing Li.
Market Infrastructure
A Detailed Look at MAS’ New Accountability Guidelines
By Grace Chong | 11/09/2020
Grace Chong and Si Rong Low at Simmons & Simmons JWS detail the key points of MAS’ final guidelines on individual accountability and conduct.
Market Infrastructure
MAS Finalises Individual Accountability and Conduct Guidelines
By Manesh Samtani | 10/09/2020
Financial institutions are expected to strengthen senior manager accountability and promote a culture of ethical behaviour. The guidelines take effect on 10 September 2021.
Market Infrastructure
MAS to Intensify Supervisory Engagement to Drive SORA Transition
By Manesh Samtani | 09/09/2020
In an ABS virtual roundtable, MAS deputy managing director Jacqueline Loh spoke of a three-pillar approach to support a smooth transition from SOR to SORA.
MAS to Implement CMFAS Exam Changes in Q1 2020
By Editors | 07/09/2020
MAS is consulting on amendments to the FAA and SFA Notices to introduce provisions on ethics and skills into the existing CMFAS rules and regulations modules.
Market Infrastructure
SFA, AMTD Partner to Establish Cybersecurity Centre in Singapore
By Sanday Chongo Kabange | 07/09/2020
The Centre will groom talent and raise awareness of the importance of cybersecurity among digital platforms, fintechs, financial institutions and other sectors.
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