Singapore

Capital / Liquidity

MAS Consults on Operational Risk Capital, Leverage Ratio Requirements

By Editors | 17/12/2020

MAS intends to implement the revised standards for operational risk capital and leverage ratio requirements from 1 January 2023.

Fintech / Regtech

Singapore to Review E-wallet Payment Limits in 2021

By Editors | 17/12/2020

Currently, e-wallet users in Singapore can hold up to S$5,000 in their accounts at any one time, and transactions are capped at S$30,000 per year.

Securities / Derivatives

SGX Launches New Sustainability Platform, Plans New ESG Products

By Manesh Samtani | 16/12/2020

SGX is bringing third-party ESG ratings to Singapore listed companies and will introduce new ESG-focused investment and risk management products.

Market Infrastructure

StanChart Permitted to Establish Digital Bank in Singapore

By Editors | 14/12/2020

StanChart was named Singapore’s first Significantly Rooted Foreign Bank in August. New privileges allow it to secure an additional full bank licence to establish a digital banking subsidiary.

ESG / Sustainability

SGX to Promote China Bond Markets, MAS Registers Shanghai Office

By Editors | 13/12/2020

A series of MOUs to deepen collaboration in financial services and innovation were announced at the 2nd Singapore-Shanghai Comprehensive Cooperation Council meeting on Friday.

Market Infrastructure

Singapore Set Out Timelines for Full Discontinuation of SIBOR

By Manesh Samtani | 11/12/2020

The one-month and three-month SIBOR will be discontinued by end-2024. The discontinuation of the six-month SIBOR may depend on the timing of cessation of USD LIBOR.

Crypto / Digital Assets

MAS Grants DBS In-principle Approval to Set Up Digital Exchange

By Manesh Samtani | 10/12/2020

The DBS announcement came two days after SIX and SBI Digital Asset Holdings announced plans to launch a digital asset issuance platform, exchange and CSD venue by 2022.

Enforcement

Singapore Authorities Issue More Charges in Wirecard Probe

By Editors | 09/12/2020

The director of local accounting firm Citadelle Corporate Services was hit with three additional charges for falsifying letters confirming Wirecard cash balances.

ESG / Sustainability

Asset Managers, Insurers Must Embed Environmental Risk: MAS

By ESG Investor | 09/12/2020

Guidelines due to take effect in 18 months call for increased engagement with stakeholders, stress testing and risk disclosures.