Singapore

    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.

    Market Infrastructure

    MAS Advisory Panel Offers Recommendations on Cybersecurity

    By Editors | 31/10/2021

    The Cyber Security Advisory Panel said security awareness and competency in the blockchain space are “not where they needed to be”.

    Securities / Derivatives

    Temasek Launches Subsidiary to Support Singapore Hub Ambition

    By Ranamita Chakraborty | 28/10/2021

    65 Equity Partners will invest in high-growth companies as part of an initiative to broaden Singapore’s proposition as a financing hub.

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