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Payments & Settlements
Wirecard Service Halt Disrupts Singapore Merchants – Report
By Editors | 13/10/2020
Singapore merchants were caught off guard when Wirecard services stopped functioning this month. Many have been accepting payments via bank transfer, cash or digital platforms.
Liquidity Risk
MAS Extends Liquidity Facility for FIs to Support SME Lending
By Editors | 12/10/2020
Enterprise Singapore has likewise extended its Temporary Bridging Loan Programme and its trade loan financing scheme, and enhanced its project loan financing scheme.
AI Risk & Governance
BIS Innovation Hub Announces G20 TechSprint Winners
By Editors | 07/10/2020
FNA won the dynamic information-sharing category; Tookitaki won in the monitoring and surveillance category; ISDA and REGnosys won the regulatory reporting category.
Credit Risk
MAS Announces Extension of Credit Support Measures into 2021
By Editors | 05/10/2020
The extended measures allow relief for individuals and SMEs to progressively expire over 2021, while also encouraging the resumption of loan repayments.
Alternative Markets
Singapore Continues to Grow as Asia Pacific Gateway: MAS
By Manesh Samtani | 04/10/2020
As of mid-September, 120 VCCs have registered in Singapore, on top of 15.7% year-on-year growth in total AUM recorded at the end of 2019.
Trading & Investment
DBS, ICBC Issue First Club Loan Pegged to SORA
By Editors | 01/10/2020
The SORA-pegged club loan coupled with a cross-currency swap, which provides added certainty on interest rates and swap SGD proceeds into USD.
Payments & Settlements
MAS Orders Wirecard Entities to Cease Singapore Payment Services
By Editors | 30/09/2020
Wirecard has informed MAS that it is unable to continue providing payment processing services to a significant number of merchants.
Trading & Investment
Goldman to Build Out FX Trading Infrastructure in Singapore
By Editors | 30/09/2020
Goldman expects its FX pricing engine in Singapore to be live in the first quarter of 2021 across deliverable and non-deliverable currencies.
Trading & Investment
Singapore Extends Measures on Electronic Offer Documents
By Editors | 29/09/2020
Listed issuers and parties involved in rights issues and takeover or merger transactions can electronically disseminate offer documents for 9 more months.
Credit Risk
MAS in Talks with Banks on Extending Relief for Borrowers
By Editors | 29/09/2020
MAS may extend relief measures announced in March which allowed principal and interest payments on loans to be postponed until year-end.
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