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Market Infrastructure
MAS Offers Grants to Support Green and Sustainability-Linked Loans
By Editors | 25/11/2020
MAS will defray the costs associated with engaging independent sustainability assessment and advisory service providers for green and sustainability-linked loans.
Capital / Liquidity
MAS Launches New RMB Liquidity Facility for Banks
By Manesh Samtani | 23/11/2020
RMB funding of up to 3 months will be channelled to primary dealers, thereby enhancing credit intermediation and overall RMB market liquidity in Singapore.
Fintech / Regtech
Singapore’s iSTOX Signs Digital Securities MOU with Chongqing Regulator
By Sanday Chongo Kabange | 23/11/2020
The Chongqing Local Financial Supervision and Administration Bureau has pledged to support the establishment of an iSTOX digital securities exchange in Chongqing.
MAS Finalises New Rules for Insurers Managing Par Funds
By Editors | 22/11/2020
New requirements on how insurers offering participating insurance policies can charge expenses to Par funds will take effect on 1 January 2021.
Securities / Derivatives
Singapore Sees Regulatory Support for Bank-Issued Covered Bonds
By Editors | 18/11/2020
Moody’s Investors Service says the higher encumbrance limit set by MAS last month may increase covered bonds issuances, deepen the market and reduce refinance risks.
Market Infrastructure
Practical Tips for Compliance with Singapore’s IAC Guidelines
By Shuhui Kwok | 17/11/2020
Shuhui Kwok at Allen & Overy provides practical tips for FIs to consider when assessing the IAC Guidelines, their application and implementation.
Fintech / Regtech
BSP, MAS Declare Opposition to Data Localisation Requirements
By Editors | 16/11/2020
Data mobility in financial services supports economic growth, innovative financial services, risk management and compliance, BSP and MAS say in a joint statement.
AML / KYC
Philippine Authorities Probe Financial Transactions Linked to Wirecard
By Sanday Chongo Kabange | 11/11/2020
The National Bureau of Investigation is examining the financial transactions of a law firm office that appears to have provided legal services to Wirecard and Jan Marsalek.
Capital / Liquidity
Loan Loss Expectations Prompt Need for Collateral Visibility
By Editors | 11/11/2020
Collateral is one of the more underutilised credit risk mitigation tools available to banks, and likely to become more important as loan losses mount in the year ahead.
AML / KYC
MAS Proposes to Strengthen FIs’ Identity Verification Process
By Editors | 10/11/2020
The proposed Notice will prohibit FIs from relying on common personal information such as NRIC number, residential address and date of birth as the sole means of identity verification.
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