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ESG / Sustainability
Singapore Continues to Grow as Asia Pacific Gateway: MAS
By Manesh Samtani | 04/10/2020
As of mid-September, 120 VCCs have registered in Singapore, on top of 15.7% year-on-year growth in total AUM recorded at the end of 2019.
Securities / Derivatives
SGX RegCo Publishes Regulatory Guide on Algorithmic Trading
By Manesh Samtani | 02/10/2020
The guide describes the governance, risk controls, and development and testing process that SGX members should have in place when using algorithms in trading.
Market Infrastructure
DBS, ICBC Issue First Club Loan Pegged to SORA
By Editors | 01/10/2020
The SORA-pegged club loan coupled with a cross-currency swap, which provides added certainty on interest rates and swap SGD proceeds into USD.
Fintech / Regtech
MAS Orders Wirecard Entities to Cease Singapore Payment Services
By Editors | 30/09/2020
Wirecard has informed MAS that it is unable to continue providing payment processing services to a significant number of merchants.
Securities / Derivatives
Goldman to Build Out FX Trading Infrastructure in Singapore
By Editors | 30/09/2020
Goldman expects its FX pricing engine in Singapore to be live in the first quarter of 2021 across deliverable and non-deliverable currencies.
Securities / Derivatives
Singapore Extends Measures on Electronic Offer Documents
By Editors | 29/09/2020
Listed issuers and parties involved in rights issues and takeover or merger transactions can electronically disseminate offer documents for 9 more months.
MAS in Talks with Banks on Extending Relief for Borrowers
By Editors | 29/09/2020
MAS may extend relief measures announced in March which allowed principal and interest payments on loans to be postponed until year-end.
Securities / Derivatives
Singapore’s iFAST to Launch China Private Fund Manager Business
By Editors | 28/09/2020
iFAST Corporation expects to start selling private funds to qualified onshore individual and institutional investors in China in early 2021.
Enforcement
Singapore Police Lay Second Charge Against Hin Leong Founder
By Editors | 28/09/2020
The second charge is for a forged email that was used alongside an inter-tank transfer certificate to secure more than $56mn in trade financing.
Fintech / Regtech
PayNow Banks Raise Default Limit for Ad-hoc Transactions
By Editors | 28/09/2020
Customers can enjoy the convenience of making higher value transfers without adding the recipient as a payee, ABS said in a statement.
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