Singapore

Capital / Liquidity

MAS Launches New RMB Liquidity Facility for Banks

By Manesh Samtani | 23/11/2020

RMB funding of up to 3 months will be channelled to primary dealers, thereby enhancing credit intermediation and overall RMB market liquidity in Singapore.

Fintech / Regtech

Singapore’s iSTOX Signs Digital Securities MOU with Chongqing Regulator

By Sanday Chongo Kabange | 23/11/2020

The Chongqing Local Financial Supervision and Administration Bureau has pledged to support the establishment of an iSTOX digital securities exchange in Chongqing.

Securities / Derivatives

SGX RegCo Mulls Measures to Address Concentration Risk in REITs

By Manesh Samtani | 22/11/2020

SGX RegCo chief Tan Boon Gin spoke about concentration risk, the enforceability of security deposits overseas, and director independence at REIT managers.

MAS Finalises New Rules for Insurers Managing Par Funds

By Editors | 22/11/2020

New requirements on how insurers offering participating insurance policies can charge expenses to Par funds will take effect on 1 January 2021.

Capital / Liquidity

SGX to Enhance Clearing Member Default Management Process

By Editors | 22/11/2020

SGX proposes to align CDP’s default management practices with global standards and improve the efficiency and speed with which defaults may be resolved.

Securities / Derivatives

Singapore Sees Regulatory Support for Bank-Issued Covered Bonds

By Editors | 18/11/2020

Moody’s Investors Service says the higher encumbrance limit set by MAS last month may increase covered bonds issuances, deepen the market and reduce refinance risks.

Market Infrastructure

Practical Tips for Compliance with Singapore’s IAC Guidelines

By Shuhui Kwok | 17/11/2020

Shuhui Kwok at Allen & Overy provides practical tips for FIs to consider when assessing the IAC Guidelines, their application and implementation.

Fintech / Regtech

BSP, MAS Declare Opposition to Data Localisation Requirements

By Editors | 16/11/2020

Data mobility in financial services supports economic growth, innovative financial services, risk management and compliance, BSP and MAS say in a joint statement.

Securities / Derivatives

ABS Releases Enhanced Listings Due Diligence Guidelines

By Editors | 13/11/2020

The new guidelines emphasise the need for issue managers and full sponsors to “exhibit a healthy dose of professional scepticism” when conducting listings due diligence.