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Fintech / Regtech
SGX, AMTD Enter Partnership on Capital Markets Development
By Editors | 05/05/2020
The partnership will seek to promote Singapore’s capital market development, strengthen regional connectivity, support businesses, and explore the use of DLT in bond issuance.
MAS Unveils Additional Financial Industry Support for Individuals
By Editors | 30/04/2020
This second package of measures is aimed at helping individuals ease their cashflow burden, reduce debt, and ensure access to basic banking services.
AML / KYC
G20 TechSprint Invites Firms to Develop Regtech, Suptech Solutions
By Editors | 29/04/2020
Private firms are invited to develop solutions to improve regulatory reporting, crypto asset AML monitoring, and supervisory information sharing.
AML / KYC
Singapore’s Financial Industry’s Role in Preventing Sanctions Evasion
By Jamil Ahmed | 23/04/2020
Given its geographical location and reputation as a major finance and trading hub, Singapore firms need to take extra care to avoid implicating themselves in sanctioned transactions.
Enforcement
Singapore Police Open Probe into Renowned Oil Trader
By Editors | 21/04/2020
Hin Leong Trading’s founder admitted to concealing $800mn in losses from oil futures. The firm now unpaid debts of $3.85bn. Up to 23 banks are affected.
ESG / Sustainability
MAS Launches New Facility to Pump Cheap Loans to SMEs
By Editors | 20/04/2020
“Banks and finance companies will be able to make more loans to SMEs and at lower cost – in fact, we expect them to do so,” said MAS Managing Director Ravi Menon.
Market Infrastructure
MAS, ESMA Sign MOU on Singapore’s Financial Benchmarks
By Editors | 18/04/2020
The MOU and last year’s equivalence decision from the European Commission ensure that FIs in the EU can continue using SIBOR and the SOR as reference rates in their contracts.
Securities / Derivatives
UPDATED – Singapore REITs Granted Relief on Cash Flow, Fundraising
By Editors | 17/04/2020
MAS is raising the leverage limit for S-REITs and deferring implementation of the minimum interest coverage ratio requirement, on top of recently-announced enhanced share issue limits.
AML / KYC
MAS, ABS Push Greater Adoption of Digital Financial Services
By Editors | 10/04/2020
The Association of Banks in Singapore, support by MAS, is offering incentives to encourage uptake and usage of peer-to-peer funds transfer service PayNow.
Fintech / Regtech
MAS Extends Assessment Period for Digital Bank Decisions
By Editors | 09/04/2020
Successful digital bank applicants will be informed in the second half of this year, instead of June 2020 as originally intended.
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