Monetary Authority of Singapore

Structural Regulation

Sea Group to Establish Digital Banking Operations in Indonesia

By Ranamita Chakraborty | 22/02/2021

Sea Group’s e-commerce arm Shopee plans to turn a newly acquired Indonesian bank into a digital bank. OJK is meanwhile preparing new regulations for digital banks.

Fraud, Scams & Cybercrime

Singapore Police Investigate Nickel Trading Investment Fraud

By Editors | 21/02/2021

Envy Asset Management and Envy Global Trading are suspected of using investors’ funds to finance nickel trading activities. Both have had their bank accounts frozen.

Market Abuse

HK, Singapore on Alert for Social Media Fuelled Manipulation

By Manesh Samtani | 19/02/2021

The SFC has issued restriction notices against 54 more trading accounts. Singapore regulators are guarding against “pump and dump” and “short and distort” scenarios.

Sustainable Finance

Budget 2021: Singapore to Finance Infrastructure with Green Bonds

By Manesh Samtani | 17/02/2021

The issuance will help deepen market liquidity for green bonds, and attract green issuers, capital, and investors to Singapore, said Deputy Prime Minister Heng Swee Keat.

Sustainable Finance

Singapore v EU: How Their Green Taxonomies Compare

By Shuhui Kwok | 11/02/2021

Allen & Overy’s Shuhui Kwok discusses Singapore’s proposed green taxonomy, describing how it aligns with – and differs from – the EU Taxonomy Regulation.

Resolution & Recovery

Singapore Launches Simplified Insolvency, Restructuring Programme

By Editors | 05/02/2021

Eligible micro and small companies severely impacted by Covid-19 can apply for help with debt restructuring, business rehabilitation or orderly winding up.

Market Abuse

Asian Regulators Issue Warnings as GameStop Remains in Focus

By Manesh Samtani | 04/02/2021

Authorities in Hong Kong, Singapore, Korea and Malaysia are among those issuing warnings of possible investor losses as heightened volatility continues.

Trading & Investment

MAS Outlines 2021 Plans to Continue Transitioning to SORA

By Manesh Samtani | 02/02/2021

SOR will now end 18 months later to reflect the IBA’s plans, but the transition to SORA in cash products and derivatives markets will continue at pace.

Fraud, Scams & Cybercrime

Singapore Authorities Probe Crowdfunding Platform for Misconduct

By Editors | 02/02/2021

The probe is looking into possible offences under the Penal Code and the Securities and Futures Act by group companies belonging to CoAssets Ltd.