Monetary Authority of Singapore

Structural Regulation

Singapore Allows Electronic Dissemination of Offer Documents

By Editors | 06/05/2020

Electronic dissemination will enable rights issues and takeover or merger transactions to take place while reducing the need for staff to be physically present at workplaces.

Trading & Investment

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.

Credit Risk

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.

Cloud & Infrastructure

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.

PEPs & Sanctions

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.

Market Abuse

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.

Liquidity Risk

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.

Structural Regulation

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.

Liquidity Risk

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.