Monetary Authority of Singapore

    Sustainable Finance

    MAS Launches ESG Impact Hub, New Advisory Panel

    By Sanday Chongo Kabange | 06/10/2022

    At launch, 15 ESG fintechs and organisations are already set up at the Hub – including CDP, Climate Impact X, KPMG, MUFG, and STACS.

    KYC & CDD

    Singapore Passes Amendments to Business Trusts Act

    By Editors | 05/10/2022

    Unlisted business trusts will have to obtain and maintain information on the beneficial owners of units, and provide this information to authorities upon request.

    Sustainable Finance

    MAS Announces Initiatives to Promote Blended Finance

    By Editors | 05/10/2022

    S$5mn in grants will fund innovations in blended finance. The GFANZ APAC Network will develop guidance for FIs on phasing out coal power.

    Structural Regulation

    MAS Issues Guidance for Feeder ETFs Participating in Shenzhen Link

    By Editors | 04/10/2022

    Through the SZSE-SGX ETF Link, a Singapore-constituted feeder ETF can invest up to 100 percent of its NAV into an SZSE-listed master ETF.

    Credit Risk

    Singapore Tightens Mortgage Rules to Ensure Prudent Borrowing

    By Editors | 03/10/2022

    Lenders will have to assume higher interest rates when assessing borrowers’ repayment ability. The LTV limit for HDB housing loans has been lowered.

    Payments & Settlements

    MAS, IMDA Propose Measures to Make SGQR More Interoperable

    By Manesh Samtani | 28/09/2022

    Merchant acquirers will have to remove all proprietary static QR code payment labels. A new fee model will be introduced for SGQR members.

    Custody & Infrastructure

    SBI Obtains Singapore Licence to Offer Digital Asset Services

    By Editors | 22/09/2022

    SBI Digital Markets will advise on corporate finance, deal in capital markets products, and provide custodial services.

    Trading & Investment

    SGX Launches New FX Trading Venue for OTC Trades

    By Editors | 21/09/2022

    CurrencyNode is an FX trading venue that connects global participants anonymously to unique and deep OTC FX liquidity pools.

    Alternative Markets

    MAS Adds $1bn to Private Markets Programme

    By Editors | 21/09/2022

    The programme was launched in 2018 with $5bn to allocate to PE and infrastructure fund managers. The additional $1bn will go to global credit fund managers.

    Cloud & Infrastructure

    MAS, IFSCA Sign FinTech Cooperation Agreement

    By Editors | 20/09/2022

    MAS and IFSCA will collaborate to support sandbox experimentation, enable companies to be referred to each other’s sandbox, and promote cross-border testing.

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