ADVERTISEMENT
Enforcement
Singapore Courts Charge Two for Cheating, False Trading
By Editors | 30/10/2020
Ex-KTL Global CEO Tan Kheng Yeow and OCBC Securities trading rep Tan Chun Yong are said to have been involved in a conspiracy for false trading.
Market Infrastructure
Bovill Research Calls into Question Efficacy of FCA’s SMCR
By Shruti Khairnar | 28/10/2020
The FCA’s experience with SMCR could inform senior management regimes in other jurisdictions such as Singapore, Australia and Hong Kong.
Crypto / Digital Assets
DBS to Launch Digital Exchange, Subject to Regulatory Approvals
By Editors | 28/10/2020
The exchange will offer trading services from fiat currencies to four of the top digital currencies in circulation, as well as capital raising through STOs.
Capital / Liquidity
MAS Seeks Removal of REIT Manager for SFA Breaches
By Editors | 27/10/2020
Eagle Hospitality REIT Management breached the minimum base capital and financial resources requirements under the SFA three times in the span of about a year.
Enforcement
Singapore: Ex-Fund Manager Charged for Acts Likely to Defraud Investors
By Editors | 27/10/2020
The former fund manager allegedly sold bonds at lower-than-market prices from one fund he managed to another fund, knowing there were higher offers for the same bonds.
Market Infrastructure
Singapore Publishes Timelines, Guidance to Support Transition to SORA
By Manesh Samtani | 27/10/2020
Under the timelines, all lenders and borrowers will stop issuing SOR-linked loans and securities that mature after 2021 by end-April 2021.
Capital / Liquidity
MAS Proposes Amendments to RMO Capital Requirements
By Manesh Samtani | 26/10/2020
MAS proposes to introduce a direct liquidity requirement for recognised market operators, and to revise downward the solvency requirement.
AML / KYC
MAS Bans Former BSI Banker Over 1MDB ‘Secret Profits’
By Editors | 23/10/2020
The former banker received about $5mn in fund management fees in an entity he beneficially owned, at the expense of and without the knowledge of BSI Bank.
Market Infrastructure
MAS, IBF Take Steps to Prevent Financial Sector Job Losses
By Editors | 20/10/2020
IBF will run surveys every six months to obtain data about job losses at FIs to offer their staff reskilling support and possible redeployments in the industry.
Market Infrastructure
MAS Consults on New Rules for Licensed Credit Bureaus
By Sanday Chongo Kabange | 19/10/2020
Credit bureaus will be subject to similar technology risk management requirements and cyber security measures as required of other financial institutions in Singapore.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.