Monetary Authority of Singapore

    Market Infrastructure

    Implementing the Final Phase of MAS’ OTC Derivatives Reporting Regime

    By Priya Kundamal | 06/09/2021

    Firms coming into scope on 1 October need to quickly complete onboarding and test their reporting to DTCC’s Singapore trade repository.

    Fintech / Regtech

    StanChart, NTUC Enterprise to Form Singapore Digital Bank

    By Editors | 06/09/2021

    A Standard Chartered subsidiary will hold 60 percent of the digital banking venture under a licence obtained from MAS in December.

    Enforcement

    MAS Orders Halt to Singapore Services From Binance.com

    By Editors | 05/09/2021

    Binance Asia Services, which operates Binance.sg, is a “distinct entity” and may still operate under an exemption while its licence application is under review.

    ESG / Sustainability

    Singapore Launches Asian Institute of Digital Finance

    By Manesh Samtani | 05/09/2021

    The research institute has led efforts to develop a federated learning platform for SME credit analytics that is expected to launch by year-end.

    Enforcement

    Singapore: 20 More Charges Laid in Nickel Trading Fraud Case

    By Editors | 03/09/2021

    Ng Yu Zhi has been charged with 20 new counts of cheating, bringing the total number of charges he faces to 51.

    Fintech / Regtech

    Chinese Investors to Gain Access to Digital Securities via ADDX

    By Editors | 03/09/2021

    Through the QDLP scheme, MAS-regulated ADDX will offer Chinese investors access to digital securities covering a broad range of asset types.

    Enforcement

    MAS Bans Ex-UOBKH Employees for Making False Statements

    By Ranamita Chakraborty | 03/09/2021

    The individuals provided false information to MAS when it was checking whether background checks were included in due diligence for the IPO of a Catalist listed company.

    Fintech / Regtech

    BIS, Four Central Banks Partner to Test Cross-Border CBDC Use

    By Sanday Chongo Kabange | 03/09/2021

    The BIS Innovation Hub Singapore Centre will test CBDCs for international settlements with the RBA, MAS, BNM and SARB.

    Enforcement

    Singapore Court Charges UK Man in Wirecard Probe

    By Ranamita Chakraborty | 02/09/2021

    The man faces charges for abetting the falsification of a document that represented Wirecard’s missing money was being held in escrow.

    ESG / Sustainability

    LSEG Launches Sustainable Finance Innovation Unit in Singapore

    By Editors | 01/09/2021

    The new unit is supported by MAS and will focus on creating sustainable finance capabilities across Singapore’s fintech ecosystem.

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