Singapore

AML / KYC

MAS ‘Closely Studying’ Singapore Mentions in FinCEN Files

By Editors | 21/09/2020

The SARs contained in the FinCEN Files flagged 1,781 transactions that flowed through Singapore as potentially suspicious.

Securities / Derivatives

Barclays to Build Out FX Trading Infrastructure in Singapore

By Editors | 19/09/2020

Barclays will launch an FX trading and pricing engine in Singapore by mid-2021, adding to existing platforms in New York, London and Tokyo.

Securities / Derivatives

SGX to List World’s Largest Chinese Pure Government Bond ETF

By Editors | 17/09/2020

CSOP Asset Management’s inaugural ETF on SGX will track the performance of fixed-rate government bonds issued in China as measured by a FTSE Russell index.

Enforcement

Singapore Convicts Three Individuals for Unauthorised Trading

By Editors | 16/09/2020

The former trading representatives acted on the instructions of a fourth individual to use accounts belonging to family, friends and clients to buy and sell Skyone shares.

ESG / Sustainability

Singapore Fund Industry to Collaborate to Address Skills Gap

By Sanday Chongo Kabange | 16/09/2020

The first phase of the initiative will equip asset management trainees with foundation skills as well as future-ready skills in fintech, impact investing and ESG.

Market Infrastructure

A Detailed Look at MAS’ New Accountability Guidelines

By Grace Chong | 11/09/2020

Grace Chong and Si Rong Low at Simmons & Simmons JWS detail the key points of MAS’ final guidelines on individual accountability and conduct.

Market Infrastructure

MAS Finalises Individual Accountability and Conduct Guidelines

By Manesh Samtani | 10/09/2020

Financial institutions are expected to strengthen senior manager accountability and promote a culture of ethical behaviour. The guidelines take effect on 10 September 2021.

Market Infrastructure

MAS to Intensify Supervisory Engagement to Drive SORA Transition

By Manesh Samtani | 09/09/2020

In an ABS virtual roundtable, MAS deputy managing director Jacqueline Loh spoke of a three-pillar approach to support a smooth transition from SOR to SORA.

MAS to Implement CMFAS Exam Changes in Q1 2020

By Editors | 07/09/2020

MAS is consulting on amendments to the FAA and SFA Notices to introduce provisions on ethics and skills into the existing CMFAS rules and regulations modules.