Singapore

Market Infrastructure

Singapore, Philippines to Pursue Cross Border Payment Links

By Editors | 08/11/2021

MAS and the BSP have agreed to pursue real time and QR payment systems links to enable instant, seamless and low-cost cross-border payments.

Fintech / Regtech

Singapore Banks to Automate GIRO Application Process

By Darien Choong | 08/11/2021

The current GIRO application process takes three to four weeks to complete. The eGIRO service will reduce turnaround time to a few minutes for consumers.

Securities / Derivatives

Singapore Opens Local Chapter of WEF Climate Governance Initiative

By Darien Choong | 04/11/2021

The local chapter, called Climate Governance Singapore, will seek to raise board-level awareness and promote decision-making based on the impacts of climate change.

AML / KYC

MAS Proposes to Ease Retail Investor Access to Funds

By Manesh Samtani | 04/11/2021

Under the changes, only a small group of more complex CIS would continue to be considered complex products and subject to additional disclosure requirements.

Fintech / Regtech

MAS Sees “A Lot of Promise” in Crypto Space: Ravi Menon

By Manesh Samtani | 03/11/2021

MAS is seeking to develop crypto technology and better understand smart contracts as it prepares for Singapore to become a “tokenised economy” by 2030.

Capital / Liquidity

MAS to Implement Contractual Recognition Requirement

By Mark Johnston | 03/11/2021

Singapore banks have three years to ensure their foreign law financial contracts recognise MAS’ temporary stay powers regarding termination rights.

Securities / Derivatives

SGX Announces Strategic Investment in Trading Technologies Int’l

By Editors | 02/11/2021

SGX is buying a stake in a provider of professional trading software, infrastructure and data solutions for listed futures and options.

Securities / Derivatives

FTSE Russell Adds Chinese Govt Bonds to Key Bond Index

By Manesh Samtani | 02/11/2021

FTSE Russell is considering changes to its index which underpins SGX’s China futures contract, reportedly in response to the launch of an MSCI-based contract at HKEX.

Securities / Derivatives

SGX Secures Deal to Distribute Market Data to Mainland Investors

By Editors | 01/11/2021

Shanghai Stock Exchange subsidiary CIIS is distributing SGX prices and data on listed companies, S-REITs and property trusts to mainland investors.