Singapore

Market Infrastructure

SGX to Launch New Derivatives, Expand CME Clearing Relationship

By Manesh Samtani | 09/11/2020

SGX is launching five new equity futures contracts based on FTSE Russell indices. Two of the contracts will be available under SGX’s mutual offset system with CME Group.

Fintech / Regtech

SGX Enables SingPass Authentication for CDP Transactions

By Editors | 09/11/2020

The introduction of SingPass offers CDP customers better convenience and security when they transact online, and forms part of SGX’s ‘CDP Goes Digital’ initiative.

Fintech / Regtech

MAS Announces Grant to Help Small FIs Adopt Reg Reporting Tech

By Editors | 09/11/2020

The grant provides funding support for smaller FIs to adopt regulatory reporting solutions from pre-approved providers – AxiomSL, KPMG Services and Wolters Kluwer.

Securities / Derivatives

CFTC Exempts More Singapore RMOs from SEF Registration

By Editors | 05/11/2020

The move brings the total number of exempted approved exchanges and recognised market operators authorised in Singapore to 13.

Fintech / Regtech

MAS Targets Market Abuse, Misconduct, AML Control Breaches

By Editors | 04/11/2020

In its latest enforcement report, MAS highlights its work to strengthen early detection of market misconduct, including through Apollo, an augmented intelligence system.

Relief Available to S-REITs, SMEs Harmed by Re-align Framework: MAS

By Editors | 04/11/2020

While financial contracts are excluded from the Framework, some SMEs and S-REITs may be adversely impacted by the legislative measures.

AML / KYC

MAS to Discontinue S$1,000 Note to Prevent Money Laundering

By Editors | 03/11/2020

Large denomination notes allow individuals to carry large values of money anonymously, and can facilitate money laundering and other illicit activities, MAS says.

AML / KYC

Singapore Bill to Align Payment Services Act with FATF Standards

By Editors | 03/11/2020

The bill will expand the definition of a DPT service, broaden the definition of cross-border money transfer service, and allow MAS to impose measures on DPT services providers.

ESG / Sustainability

Singapore Lenders Launch New Debt Restructuring Scheme for SMEs

By Manesh Samtani | 01/11/2020

The scheme will facilitate a common approach to SME debt restructuring among 16 participating lenders. A separate scheme has been launched for sole proprietors and partnerships.