Singapore

Fintech / Regtech

MAS, Banque de France Complete m-CBDC Experiment

By Sanday Chongo Kabange | 11/07/2021

The experiment showed the potential to reduce the number of correspondent banking parties involved in the payment chain for cross-border transactions.

Market Infrastructure

MAS Consults on Revised Reporting Rules for OTC Derivatives

By Manesh Samtani | 06/07/2021

The amendments aim to facilitate the aggregation of OTC derivatives data through standardisation and harmonisation of data elements by incorporating the CPMI-IOSCO technical guidance.

ESG / Sustainability

MAS Further Extends Facility to Support SME Lending

By Manesh Samtani | 06/07/2021

Government 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.

Capital / Liquidity

MAS to Advise Banks on Dividend Restrictions ‘Very Shortly’

By Ranamita Chakraborty | 05/07/2021

MAS is conducting stress tests on local banks to assess whether it is necessary to extend existing restrictions on dividend payments.

Enforcement

MAS Proposes to Enhance Investigative, Supervision Powers

By Manesh Samtani | 04/07/2021

New powers will allow MAS to issue legally-binding directions to FIs in relation to unregulated business in bitcoin futures and other payment token derivatives traded on overseas exchanges.

Market Infrastructure

MAS: Remaining Amendments for BAA 2020 Take Effect

By Editors | 03/07/2021

Remaining amendments to Regulations, Notices and Guidelines needed for the Banking (Amendment) Act 2020 (BAA) commenced on 1 July 2021.

Securities / Derivatives

SGX, Platts Partner to Provide Commodities Data, Content

By Editors | 01/07/2021

Titan OTC participants can access Platts’ data on commodities including iron ore, coking coal, steel, aluminum, copper, freight and battery metals.

ESG / Sustainability

UK, Singapore Commit to Deepening Regulatory Cooperation

By Editors | 01/07/2021

Officials agree to explore cross-border financial regulation, carbon market trading linkages, and collaboration opportunities via their BIS Innovation Hub centres.

MAS Proposes New Safeguards for Vulnerable Customers

By Editors | 30/06/2021

MAS proposes additional safeguards for clients receiving financial advice if they are elderly, not proficient in English, or have lower academic qualifications.