Singapore

    ESG / Sustainability

    SGX to Promote China Bond Markets, MAS Registers Shanghai Office

    By Editors | 13/12/2020

    A series of MOUs to deepen collaboration in financial services and innovation were announced at the 2nd Singapore-Shanghai Comprehensive Cooperation Council meeting on Friday.

    Market Infrastructure

    Singapore Set Out Timelines for Full Discontinuation of SIBOR

    By Manesh Samtani | 11/12/2020

    The one-month and three-month SIBOR will be discontinued by end-2024. The discontinuation of the six-month SIBOR may depend on the timing of cessation of USD LIBOR.

    Crypto / Digital Assets

    MAS Grants DBS In-principle Approval to Set Up Digital Exchange

    By Manesh Samtani | 10/12/2020

    The DBS announcement came two days after SIX and SBI Digital Asset Holdings announced plans to launch a digital asset issuance platform, exchange and CSD venue by 2022.

    Enforcement

    Singapore Authorities Issue More Charges in Wirecard Probe

    By Editors | 09/12/2020

    The director of local accounting firm Citadelle Corporate Services was hit with three additional charges for falsifying letters confirming Wirecard cash balances.

    ESG / Sustainability

    Asset Managers, Insurers Must Embed Environmental Risk: MAS

    By ESG Investor | 09/12/2020

    Guidelines due to take effect in 18 months call for increased engagement with stakeholders, stress testing and risk disclosures.

    Market Infrastructure

    Singapore to Lay Foundation for Regional Carbon Credits Market

    By Manesh Samtani | 09/12/2020

    Ravi Menon said there is a need for more high-quality carbon credits and more trading of such credits across borders to drive convergence towards a global price on carbon.

    Big Picture

    Financial Services Driving Growth in Singapore Blockchain Use

    By Editors | 09/12/2020

    The Singapore Blockchain Ecosystem Report 2020 says the use of blockchain in Singapore’s financial sector is driven by industry collaboration to address common pain points.

    MAS Outlines Initiatives to Expand Financial Cooperation with China

    By Editors | 08/12/2020

    MAS and Chinese regulators are collaborating on RMB internationalisation, exchange-traded funds, digital finance and green finance.

    ESG / Sustainability

    MAS Finalises Environmental Risk Management Guidelines for Banks

    By Manesh Samtani | 08/12/2020

    MAS has extended the transition period from 12 months to 18 months, and says it will start engaging key banks on their implementation progress from Q2 2021.

    Fintech / Regtech

    Singapore, Thailand to Enable Instant Payments Link by Mid 2021

    By Manesh Samtani | 08/12/2020

    Described as “the first-of-its-kind in the world”, the link will enable instant money transfers between Singapore’s PayNow and Thailand’s PromptPay.

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