Monetary Authority of Singapore

    Structural Regulation

    ISDA Forum: Brexit Negotiations Should Avoid “Brinksmanship”

    By Garima Chitkara | 13/09/2018

    Regulators at the ISDA conference in Singapore expressed concern about Brexit uncertainty, but were cautiously optimistic that Asia would suffer only minimal impacts in transactions with the EU and UK.

    Clearing & Post-Trade

    CFTC Will Block Any Effort to Impose EMIR in the US: Giancarlo

    By Garima Chitkara | 13/09/2018

    Legislative efforts in the EU to bring non-EU clearinghouses under EMIR has elicited sharp responses from the CFTC chairman, who said that only US regulation can apply to US derivatives markets.

    Structural Regulation

    MAS Finalises New Corporate Structure for Funds

    By Manesh Samtani | 11/09/2018

    The VCC – formerly S-VACC – will position Singapore to become a key fund domicile for fund managers and create opportunities for fund services providers.

    Cybersecurity

    MAS Consults on Mandatory Cybersecurity Requirements for FIs

    By Manesh Samtani | 07/09/2018

    Proposed measures aim to enhance system and network security and protect against unauthorised use of system accounts with extensive access privileges.

    Cloud & Infrastructure

    The Use of Regulatory Sandboxes in Europe and Asia

    By Claus Christensen | 06/09/2018

    Asia presents a unique mix of technological advancements and interconnected economic and regulatory systems, which makes it the perfect environment for rapid business growth for fintech/regtech companies with ambitious goals.

    Fraud, Scams & Cybercrime

    MAS Bars Former UOB Officer for 12 Years

    By Editors | 31/08/2018

    The ex-UOB employee, without a capital markets services licence, had setup a company to invest on behalf of other investors, and later misappropriated SG$520,000 entrusted to him by clients.

    Trading & Investment

    MAS Takes Stock of FX Global Code, One Year Since Launch

    By Garima Chitkara | 30/08/2018

    MAS deputy managing director Jacqueline Loh spoke about the steps taken in adopting and embedding the FX Global Code in the industry and key priorities for the coming year.

    Tokenisation

    MAS, SGX to Develop Cross-Platform DvP Settlement of Tokenised Assets

    By Manesh Samtani | 27/08/2018

    Nasdaq, Deloitte and Anquan appointed as technology partners to enable simultaneous exchange and settlement of tokenised digital currencies and securities assets using blockchain technology.

    CBDCs

    Thailand Central Bank Digital Currency Prototype Slated for Q1 2019

    By Editors | 22/08/2018

    Bank of Thailand will work with 8 participating banks to design, develop and test domestic wholesale funds transfers using a central bank digital currency.

    Cybersecurity

    Virtual Banks in Hong Kong: Bringing Risks and Opportunities To Asia

    By Kristi Swartz | 21/08/2018

    A new era of smart banking in Hong Kong is anticipated to begin at the end of this year with the establishment of virtual banks. Competent players will embrace enormous opportunities to challenge the city’s traditional banking model.

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