The rule, first proposed in 2011 but never finalised, will prohibit firms participating in asset-backed securities from betting against investors in those securities.
January 27, 2023SGX RegCo said it has considered actions already taken by MAS and the interests of the market, and decided to impose additional requirements on UOBKH.
December 29, 2022Researchers said the TFF did not directly increase business lending, but it did reduce banks’ funding costs and led to lower interest rates throughout the economy.
December 16, 2022Banker’s guarantees and insurance bonds historically took a few days to issue. The new digital service enables issuance and delivery to government agencies within a day.
November 3, 2022A common industry training benchmark has also been established to help upskill private banking relationship managers in the area of sustainability.
October 17, 2022ESGenome will reduce the effort required of listed entities to report on sustainability, assess impact, and drive informed decision making.
September 12, 2022UOBKH failed to implement adequate controls for its corporate finance business and to ensure it was subject to internal audit.
September 1, 2022Organisastions are faced with the challenge of understanding the nuances of regulations and ensuring they have sufficient capacity to apply them in daily business activities.
July 28, 2022The MAS Recommended Rate is the fallback rate that will apply to outstanding SOR-based business loans and derivatives when Fallback Rate (SOR) is discontinued after end-2024.
July 20, 2022The Association of Banks in Singapore has selected MonetaGo and GUUD to deliver a registry that will prevent duplicate financing and fraud.
June 16, 2022