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.

    Market Infrastructure

    SFA, AMTD Partner to Establish Cybersecurity Centre in Singapore

    By Sanday Chongo Kabange | 07/09/2020

    The Centre will groom talent and raise awareness of the importance of cybersecurity among digital platforms, fintechs, financial institutions and other sectors.

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