All posts tagged "ABS"
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438Fintech / RegtechPayNow Banks Raise Default Limit for Ad-hoc Transactions
Customers can enjoy the convenience of making higher value transfers without adding the recipient as a payee, ABS said in a statement.
September 29, 2020 -
249Capital RegulationCBIRC Raises Leverage Limits for Microfinance Companies
Microfinance companies can issue standardised debts such as bonds and ABS products up to 4 times net assets, compared to 0.5 to 3 times net capital previously.
September 21, 2020 -
565Market InfrastructureMAS to Intensify Supervisory Engagement to Drive SORA Transition
In an ABS virtual roundtable, MAS deputy managing director Jacqueline Loh spoke of a three-pillar approach to support a smooth transition from SOR to SORA.
September 10, 2020 -
1.3KContributed ArticleLetter from SGX RegCo Chairman and CEO for FY2020
SGX RegCo's chairman and CEO share lessons from the Covid-19 on building immunity, taking a proportionate response and increasing resilience.
September 4, 2020 -
1.3KAML / KYCSingapore Crypto Association Publishes Industry Code of Practice
The code is accompanied by a practice guide providing regulatory guidance to facilitate payment services licence applications in Singapore.
August 18, 2020 -
2.9KContributed ArticleCulture Audits: Removing the Blindfold
To avoid individual liability, leaders along all Three Lines of Defence must identify indicators of non-financial risk that permit “upstream” interventions, say Stephen Scott and Mark Cooke.
August 3, 2020 -
791Market InfrastructureSingapore Industry Consultation Proposes to Discontinue SIBOR
Proposed reforms were found to display “noticeable differences in volatility and levels compared to SIBOR”, which will present challenges to industry adoption.
July 30, 2020 -
1.0KFeatureSingapore Banks Join Forces to Reduce Commodity Lending Risk
Some 20 banks in Singapore have set up a working group to propose new guidelines to improve lending practices and transparency for the commodity sector.
July 3, 2020 -
2.2KContributed ArticleThe New Normal: Conduct Risk & Personal Accountability
Increasingly, leaders along all Three Lines of Defence are being held personally accountable for misconduct that takes place on their watch, says Stephen Scott at Starling.
July 1, 2020 -
666FeatureSingapore Banks Ready to Trade SORA Derivatives
The ABS and SC-STS say "significant progress" has been made in key technical work to support Singapore's transition from SOR to SORA.
June 29, 2020
