Monetary Authority of Singapore

    ESG / Sustainability

    MAS Announces Extension of Credit Support Measures into 2021

    By Editors | 05/10/2020

    The extended measures allow relief for individuals and SMEs to progressively expire over 2021, while also encouraging the resumption of loan repayments.

    ESG / Sustainability

    Singapore Continues to Grow as Asia Pacific Gateway: MAS

    By Manesh Samtani | 04/10/2020

    As of mid-September, 120 VCCs have registered in Singapore, on top of 15.7% year-on-year growth in total AUM recorded at the end of 2019.

    Market Infrastructure

    DBS, ICBC Issue First Club Loan Pegged to SORA

    By Editors | 01/10/2020

    The SORA-pegged club loan coupled with a cross-currency swap, which provides added certainty on interest rates and swap SGD proceeds into USD.

    Fintech / Regtech

    MAS Orders Wirecard Entities to Cease Singapore Payment Services

    By Editors | 30/09/2020

    Wirecard has informed MAS that it is unable to continue providing payment processing services to a significant number of merchants.

    Securities / Derivatives

    Goldman to Build Out FX Trading Infrastructure in Singapore

    By Editors | 30/09/2020

    Goldman expects its FX pricing engine in Singapore to be live in the first quarter of 2021 across deliverable and non-deliverable currencies.

    Securities / Derivatives

    Singapore Extends Measures on Electronic Offer Documents

    By Editors | 29/09/2020

    Listed issuers and parties involved in rights issues and takeover or merger transactions can electronically disseminate offer documents for 9 more months.

    MAS in Talks with Banks on Extending Relief for Borrowers

    By Editors | 29/09/2020

    MAS may extend relief measures announced in March which allowed principal and interest payments on loans to be postponed until year-end.

    Fintech / Regtech

    HKMA Selects ConsenSys to Lead Next Phase of CBDC Project

    By Editors | 28/09/2020

    Project Inthanon-LionRock studied the application of a CBDC for cross-border payments. ConsenSys will lead implementation of the project’s next phase.

    Capital / Liquidity

    Too Big to Fail: Markets Abhor a Vacuum

    By Jamie Lloyd Evans | 24/09/2020

    Some characteristics of the TBTF challenge are specific to Asia, but these may be intractable from ‘winner-takes-all’ capitalism and national interests, writes industry veteran Jamie Lloyd Evans.

    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.

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