Singapore

MAS Issues Advisory to FIs Amid Higher Coronavirus Alert Level

By Editors | 10/02/2020

MAS asks financial institutions to ensure business continuity and warns that cyber threat actors are taking advantage of the novel coronavirus situation to conduct email scams, phishing and ransomware attacks.

Securities / Derivatives

SGX to Allow Some Issuers to Delay AGM, Audited Results

By Editors | 10/02/2020

The extension is for issuers whose principal place of business or significant operations are in China, and whose audits have been affected by coronavirus-related measures.

Securities / Derivatives

SGX RegCo Offers Guidance as New Disclosure Rules Take Effect

By Editors | 07/02/2020

Listed companies should have robust and effective internal controls in place to assess material information requiring disclosure, says SGX RegCo chief Tan Boon Gin.

MAS Proposes New Requirements for Insurers Managing Par Funds

By Editors | 07/02/2020

Among the new requirements introduced for insurers is an obligation to ensure that any charge or expense allocated to the Par Fund is “fair and reasonable”.

Market Infrastructure

US, Singapore Jointly Declare Opposition to Data Localisation

By Editors | 06/02/2020

The US and Singapore support allowing financial service suppliers to transfer data across borders and oppose generally applicable data localisation requirements.

ESG / Sustainability

MAS to Broaden Range of Climate Risks Included in Stress Tests

By Editors | 05/02/2020

The current priority is to collect climate-related data and understand how it impacts FIs in order to conduct a proper stress test, says MAS board member Ong Ye Kung.

Securities / Derivatives

SGX, IPOS Launch Joint Initiative to Unlock Value from Intangible Assets

By Editors | 05/02/2020

Until end-2020, a pilot programme will help companies undergo an evaluation and audit process to assess their intangible assets as indicators of business value.

Fintech / Regtech

MAS Sandbox Graduate ‘iSTOX’ Approved for Full Launch

By Editors | 04/02/2020

The iSTOX platform connects buyers and sellers of digitised securities denominated in fiat currencies, catering to institutional and accredited investors in Singapore.

AML / KYC

OCBC Speeds Up Criminal Probes Through Automated System ‘POET’

By Editors | 03/02/2020

‘POET’ digitally receives and responds to investigation requests with minimal human intervention, allowing OCBC to respond to law enforcement requests within 1-2 working days.