Monetary Authority of Singapore

    Market Abuse

    MAS Penalises Former UOBKH Representative for False Trading

    By Editors | 19/08/2022

    The former UOB Kay Hian trading representative committed false and unauthorised trading for a client who was himself sentenced in March 2021.

    Cryptocurrency

    Crypto Firm Hodlnaut Applies for Judicial Management in Singapore

    By Editors | 18/08/2022

    The alternative of forced liquidation would be a “suboptimal solution” that would require Hodlnaut to sell users’ cryptocurrencies at “depressed asset prices”.

    Trading & Investment

    Investment Funds Increasingly Setting Up as Singapore VCCs

    By Editors | 17/08/2022

    Singapore has reportedly been welcoming more than a dozen investment funds every month under the VCC regime.

    Cryptocurrency

    MAS Rescinds IPA Granted to Crypto Lender Hodlnaut

    By Editors | 11/08/2022

    Hodlnaut froze withdrawals, token swaps and deposits on its platform on Monday to focus on stabilising its liquidity and preserving assets.

    Market Risk

    MAS Revises Notice to Implement IRRBB Disclosure Requirements

    By Editors | 09/08/2022

    The revised Notice 637 will take effect from 1 January 2023, implementing the revised Pillar 3 disclosure requirements for IRRBB.

    Operational Risk

    MAS Sets Out Expectations on Third Party Risk Management 

    By Editors | 08/08/2022

    MAS conducted thematic inspections on the operational risk management standards and practices of selected banks, with a focus on third party risk management.

    Cryptocurrency

    Laying the Groundwork for Digital Assets to Take Flight in Korea

    By Susan Friedman | 04/08/2022

    South Korea has an opportunity to bolster innovation in digital assets as it develops new regulations for the sector, say Ripple’s Susan Friedman and Rahul Advani.

    ESG Data

    Data with Destiny: Bridging Asia’s ESG Information Gap

    By Editors | 02/08/2022

    While there has been a surge of data disclosure in Asia, the lack of a unified set of rules across the region opens the door for inconsistencies.

    Cryptocurrency

    MAS Grants DPT Licences to Sparrow, Digital Treasures Center

    By Manesh Samtani | 02/08/2022

    Sparrow and DTC were granted in-principle approval earlier this year. MAS will be consulting on proposed measures to enhance its regulatory framework in the next few months.

    Sustainable Finance

    Singapore to Launch Inaugural Sovereign Green Bond Sale

    By Editors | 01/08/2022

    Both institutional and retail investors will be able to apply to purchase the bonds, which will be launched via a book-building process this week.

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