Singapore

Market Infrastructure

Singapore Launches Initiative to Groom Future Private Bankers

By Editors | 02/12/2020

Private banks aim to offer 200 undergraduate traineeship positions over the next three years, benefitting from the Work-Study Support Programme recently launched by MAS.

Market Infrastructure

MAS Revises Anti-commingling Framework For Banks

By Manesh Samtani | 02/12/2020

MAS has prescribed a list of permissible non-financial businesses to ensure banks are not engaging in “high-risk non-financial business that do not bring strategic value to its core banking business”.

ESG / Sustainability

Singapore Banks Get New Best Practice Code for Commodity Financing

By Editors | 01/12/2020

The Code was developed by an industry working group of 28 commodity financing banks in consultation with trading firms and with the support of regulators.

Fintech / Regtech

Lack of Electronic Solutions Hindering Capital Market Access: ASIFMA

By Editors | 30/11/2020

The report calls on government and regulators to facilitate greater use of e-signatures, virtual meetings, and other electronic solutions in Hong Kong and Singapore capital markets.

Fintech / Regtech

Singapore E-wallets to Gain Direct Access to FAST, PayNow

By Manesh Samtani | 30/11/2020

Consumers will be able to top-up their e-wallets directly through their bank accounts, rather than using a debit or credit card. Fund transfers between e-wallets will also be made possible.

Fintech / Regtech

MAS On Track to Award Digital Bank Licences by Year-End

By Manesh Samtani | 26/11/2020

Regulatory changes impacting some of the Chinese digital bank applicants are unlikely to have an impact on the granting of the new licences in Singapore.

Market Infrastructure

MAS Announces Measures to Develop Financial Sector Workforce

By Editors | 26/11/2020

MAS will launch a new Work-Study Support Programme to develop job-ready graduates and extend the Training Allowance Grant for company-sponsored trainees by six months.

Market Infrastructure

Singapore, Chongqing Work to Enhance Financial Connectivity

By Sanday Chongo Kabange | 25/11/2020

MAS managing director Ravi Menon spoke of collaboration between the two cities on trade, cross-border lending, green finance, and disaster risk insurance.

Securities / Derivatives

SGX Enhances Access to China Bond Market With New ETF

By Editors | 25/11/2020

The new ETF helps SGX to meet growing demand from investors for easy and efficient access to Chinese government and policy bank bonds.