A POC has been completed that uses existing payment systems in the US and Europe to achieve synchronised settlements in cross-border payments.
October 13, 2021Under two separate initiatives, eight foreign fund managers and four investment trust companies will receive preferential treatment for one year.
October 8, 2021Neuberger Berman becomes just the third foreign fund manager to be granted approval for a domestic mutual fund business after BlackRock and Fidelity.
September 28, 2021Twelve global banks are participating in a pilot to evaluate potential PvP solutions for currencies that are not currently eligible for CLSSettlement.
September 15, 2021JP Morgan already had a controlling stake in the unit. The new approval makes it the first foreign firm to fully own a securities venture in China.
August 8, 2021Goldman Sachs Gaohua Securities, Morgan Stanley Huaxin, and Credit Suisse Founder Securities made the list for the first time.
August 2, 2021The experiment showed the potential to reduce the number of correspondent banking parties involved in the payment chain for cross-border transactions.
July 11, 2021SG FinTech Club will enable fintech professionals to make deeper connections with industry peers, upskill and access growth opportunities.
June 24, 2021An open platform will be developed to enable real-time cross-border multi-currency payments, trade finance, foreign exchange and DVP securities settlements.
April 29, 2021MAS' Jacqueline Loh outlined several central bank-led innovation initiatives underway, including a project that will help quantify the ESG impact of investments and loan portfolios.
March 30, 2021