Singapore

Fintech / Regtech

MAS Proposes to Raise Caps Imposed on E-Wallets

By Manesh Samtani | 21/10/2022

Besides raising the caps, MAS also proposes to introduce an exemption to allow for ‘white labelling’ of e-wallet accounts.

Market Infrastructure

UOB to Launch First Product Under SGX-SZSE ETF Link

By Editors | 21/10/2022

The ETF will list on SGX on 14 November, providing Singapore retail investors access to Shenzhen’s ChiNext market.

Fintech / Regtech

Singapore Establishes Inter-agency Taskforce on Ransomware

By Editors | 20/10/2022

The Counter Ransomware Task Force comprises senior government representatives from the technology, cybersecurity, financial regulation and law enforcement domains.

Capital / Liquidity

DBS Becomes LCH SwapClear’s First Direct Member in Singapore

By Editors | 18/10/2022

DBS will be able to post Singapore government bonds as collateral, making LCH the first global offshore clearing house to accept the asset class as eligible collateral.

ESG / Sustainability

ABS Launches Sustainability Guidelines for Private Banking

By Editors | 17/10/2022

A common industry training benchmark has also been established to help upskill private banking relationship managers in the area of sustainability.

AML / KYC

Singapore: SMS Sender ID Registration to Become Mandatory

By Editors | 15/10/2022

All non-registered SMS sender IDs after 31 Jan 2023 will be channelled to a sender ID with the header “Likely-SCAM”.

Crypto / Digital Assets

Coinbase, Blockchain.com Win In-principle Approval in Singapore

By Editors | 12/10/2022

MAS has granted in-principle approval to Coinbase and Blockchain.com. Currently, nine firms have full licences to offer regulated crypto services in Singapore.

ESG / Sustainability

Singapore: SIAS Joins Fight Against Greenwashing

By Editors | 12/10/2022

Chief executive David Gerald said the Securities Investors Association of Singapore working to enhance its guidance for annual reports to combat greenwashing.

ESG / Sustainability

MAS Calls on Investors to Engage with Listed Companies

By Manesh Samtani | 11/10/2022

Asset managers and retail investors are encouraged to more actively engage with their investee companies and participate in setting their strategic direction.