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Big Picture
E-wallet Operator Oversight to Benefit Singapore Financial Stability: Moody’s
By Manesh Samtani | 16/10/2018
Coming into force next year, the Payment Services Bill will require e-wallet operators to ring-fence wallet funds from lending activities, a move Moody’s says will benefit banks.
Fintech / Regtech
Singapore, Indonesia Agree to Cooperate on Fintech
By Editors | 15/10/2018
The MOU will facilitate information sharing, promote joint innovation projects and establish a framework to help fintech firms better understand each market.
Market Infrastructure
MAS Shelves ‘KYC Utility’ Project as Costs Surpass Expectations
By Editors | 15/10/2018
The setup cost of the KYC utility exceeds the savings banks would be able to achieve, MAS managing director Ravi Menon told Bloomberg.
AML / KYC
Europe’s AMLD5 and its Impact on AML Regulations in Asia
By Claus Christensen | 15/10/2018
While AMLD5 confirms the EU’s leadership role in AML legislation, similar efforts have been seen in Asia, says Claus Christensen at Know Your Customer Ltd.
AML / KYC
MAS to Help Crypto Firms Access Banking Services – Report
By Manesh Samtani | 11/10/2018
Ravi Menon told Bloomberg that MAS is trying to bring banks and crypto startups together to see if an understanding can be reached.
Fintech / Regtech
MAS Issues Guidelines on Provision of Robo-Advisory Services
By Editors | 09/10/2018
Guidelines allow digital advisers to pass client orders to brokerage firms for execution without the need for an additional capital markets services licence.
Market Infrastructure
Hong Kong, Singapore Gear Up Reform in Asset Management Sector
By Manesh Samtani | 04/10/2018
Remi Toucheboeuf at BNP Paribas Securities Services sat down with Regulation Asia to talk about new opportunities for fund managers in Hong Kong and Singapore.
Market Infrastructure
MAS Cyber Security Panel Highlights Risks from Emerging Tech
By Manesh Samtani | 03/10/2018
Cybersecurity experts on the panel discussed the growing adoption by financial institutions of new technologies such as cloud services and open APIs.
Market Infrastructure
Singapore Passes Bill Enabling New VCC Fund Structure
By Manesh Samtani | 03/10/2018
The Variable Capital Company structure is aimed at boosting Singapore’s status as an full-service international fund management centre.
Market Infrastructure
MAS Goes Live with Reporting Requirement for OTC Commodity, Equity Trades
By Manesh Samtani | 02/10/2018
Firms must report OTC derivatives transactions in commodities and equities to a licensed trade repository; DTCC welcomes the MAS’ move to improve transparency and reduce risk.
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