Region: Singapore

MAS slaps extra capital requirements on OCBC over scam response failings

The second largest bank in Southeast Asia has been ordered to raise its regulatory capital over following criticism from Singapore’s regulator of its scam response.

01 June 2022

Paxos approved to provide crypto platform in Singapore

US fintech Paxos has obtained an in-principle approval from Singapore’s regulator to operate digital payments token services in the city-state, two years after obtaining a conditional bitlicence in New York.

14 March 2022

The road ahead: GBRR's predictions for 2022

Climate. Merger policy. Enforcement. Cybersecurity and AI. Gender and diversity. Fintech, crypto and decentralised finance. 2022 is set to see advances from regulators across the world – but what can banks and their advisors expect? GBRR spoke to leading practitioners across the US, Europe, the UK, Russia and the Asia Pacific for their predictions for the year ahead in banking regulation.

07 February 2022

Singapore’s MAS grants first crypto licences

Singapore’s regulator has granted crypto licences - among the first in the country - to south-east Asia’s largest bank and an Australian digital asset exchange, as Binance confirms it will halt most of its Singaporean operations.

04 October 2021

Binance’s regulatory woes continue with Singapore warning

Binance, one of the world’s largest cryptocurrency exchanges, has withdrawn certain services in Singapore, whose monetary authority has become the latest financial regulator to warn it about operating without a licence.

08 September 2021

Singapore goes SPAC to basics

The Singapore Exchange is rolling out easier guidelines for special purpose acquisition companies, making it the first major bourse in Asia to list blank cheque companies.

06 September 2021

MAS and ECB the latest to scrap dividend restrictions

Singapore’s regulator has lifted a pandemic-era dividend cap, one of the last regulators to do so after the ECB removed its restrictions late last week.

29 July 2021

PRA removes dividend limits

The UK’s Prudential Regulation Authority has removed the “extraordinary guardrails” it imposed on dividend distribution during the pandemic, but has warned banks to exercise an “appropriate degree of caution”.

14 July 2021

OCBC bondholders consent to £250 million Libor switch

Singapore’s OCBC Bank, advised by Linklaters, has won approval from bondholders to switch the benchmark underpinning millions of pounds in covered bonds from Libor to a new risk-free rate.

10 June 2021

Singapore consults on corporate governance

Singapore’s regulatory authority is consulting on revised corporate governance guidelines for financial institutions, as regulators in Malaysia, Hong Kong and Japan emphasise sustainability and diversity in their own recent corporate governance overhauls.

12 May 2021

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