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Market Infrastructure
MAS Finalises Revisions to BCM Guidelines for FIs
By Manesh Samtani | 07/06/2022
FIs have until 6 June 2023 to meet the requirements of the revised guidelines, and until 6 June 2024 to conduct their first BCM audit.
Fintech / Regtech
Ant Group Launches Digital Bank Operations in Singapore
By Manesh Samtani | 06/06/2022
ANEXT Bank, wholly owned by Ant Group, will aim to provide digital financial services to MSMEs, particularly those with cross-border operations.
Fintech / Regtech
Green Link Digital Bank Launches Operations in Singapore
By Editors | 03/06/2022
Green Link Digital Bank, owned by Greenland Group and Linklogis, will seek to address the needs of underserved MSMEs.
AML / KYC
Singapore Banks to Adopt More Scam Prevention Measures
By Darien Choong | 02/06/2022
The measures include an emergency self-service ‘kill switch’, enhancements to fraud surveillance systems, and additional customer confirmations.
ESG / Sustainability
NGFS Work Programme Moves from ‘Awareness to Action’
By Sanday Chongo Kabange | 02/06/2022
Chair Ravi Menon described the next phase of the NGFS’ work as a “move from awareness to action”.
Crypto / Digital Assets
UnionBank Issues Philippines’ First DLT-based Digital Bond
By Editors | 02/06/2022
The issuance follows a POC project to optimise bond issuance workflows between STACS and PDTC, the Philippines’ national CSD for debt and equities.
ESG / Sustainability
MAS Issues New Guidance on Environmental Risk Management
By Sanday Chongo Kabange | 02/06/2022
Banks, insurers and asset managers are directed to use the guidance to bolster their resilience to environmental risk and set tangible targets for action.
Fintech / Regtech
MAS to Study Use Cases of Asset Tokenisation, DeFi Protocols
By Editors | 31/05/2022
The first pilot, led by DBS, JP Morgan and Marketnode, will explore potential DeFi applications in wholesale funding markets and help inform regulatory policy.
Fintech / Regtech
MAS FinTech Hackcelerator to Focus on Web3, Green Finance
By Editors | 30/05/2022
Fintech firms and solution providers from around the world are invited to address over 50 problem statements related to Web 3.0 and green finance.
Capital / Liquidity
MAS Raises OCBC Capital Requirement for Scam Incident
By Editors | 27/05/2022
OCBC has to apply a 1.3x multiplier to its RWA for operational risk, which translates to additional regulatory capital of S$330mn.
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