E-money issuers with more than 500,000 active users are subject to stricter governance, business continuity management and technology risk management requirements.
January 4, 2023Fitch Ratings said the new principles provide greater transparency but lack clarity on the use of proceeds for working capital and debt repayment.
August 17, 2022Financial institutions are allowed to offer American-style and Asian-style FX options, in addition to European-style FX options already allowed.
May 26, 2022The measures include support for IPO applicants, listing fee waivers, and regulatory support for securities firms.
May 24, 2022MAS is extending its SGD facility to support SME lending. Singapore will target net zero emissions by or around 2050, which was previously the target for halving emissions.
February 21, 2022The Business Recapitalisation Facility will support recovery and growth, while the Low Carbon Transition Facility will support the adoption of sustainable practices.
January 24, 2022The regulator said financial support for key industries will be provided in the amount of KRW 10 trillion until end-December 2022.
December 14, 2021The case dates back to 2019, when the brokerage was found to have pledged client securities at banks to secure loans for use as working capital.
August 26, 2021Use cases for Term SONIA include trade finance, working capital products, Islamic finance, export finance, and emerging markets lending.
July 31, 2021Government risk sharing and lower-cost funding will keep borrowing costs low for local enterprises as they recover and adapt to the new normal, MAS said.
July 6, 2021