Monetary Authority of Singapore

    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.

    Crypto / Digital Assets

    SFC Issues First Licence to Digital Asset Trading Platform

    By Editors | 16/12/2020

    The licences permit OSL Digital Securities to operate regulated brokerage and automated trading services for digital assets.

    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.

    Press Release

    Vizor Recognised for API Innovation and Regulatory Reporting Solution

    By Editors | 15/12/2020

    Vizor Software was launched a Reporting API that allows FIs to consume machine-readable reporting rules and data models directly from regulators.

    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.

    Fintech / Regtech

    Improving Operational Resilience: A Priority for the Year Ahead

    By David LaFalce | 14/12/2020

    DTCC’s David LaFalce highlights the need for firms to remove manual processes, re-evaluate their interconnectedness, and seek out opportunities for industry collaboration.

    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.

    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.

    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.

    Market Infrastructure

    Singapore to Lay Foundation for Regional Carbon Credits Market

    By Manesh Samtani | 09/12/2020

    Ravi Menon said there is a need for more high-quality carbon credits and more trading of such credits across borders to drive convergence towards a global price on carbon.

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