Region: Singapore

Community round-up: departures at MAS and FCA

The UK’s Financial Conduct Authority and the Monetary Authority of Singapore have both announced the departures of key names.

22 September 2020

Singapore issues first conduct framework

In a long-awaited development, the Monetary Authority of Singapore has published guidelines on senior managers’ conduct – firing the starting gun on a new phase of self-scrutiny for firms operating in the city-state.

10 September 2020

Singapore moves forward on benchmark reform

Singaporean regulators have announced a series of measures to push forward the adoption of Sora, the city-state’s new benchmark.

07 August 2020

Standard Chartered first to qualify for Singapore’s foreign bank privileges

The Monetary Authority of Singapore has announced reforms to its Significantly Rooted Foreign Bank regime, as it names Standard Chartered’s local subsidiary as the first bank to benefit from the eight-year-old framework.

04 August 2020

Australia relaxes, Europe extends, Singapore introduces dividend restrictions

Australian regulators have announced a relaxation on dividend restrictions imposed at the beginning of the covid-19 crisis – while their European counterparts have extended them until next year, and Singaporean regulators have called on banks to cap dividends for the first time.

29 July 2020

Singapore’s MAS seeks expanded powers

The Monetary Authority of Singapore has issued a proposal seeking new powers to regulate crypto-asset providers and cybersecurity risks, and to expand its ability to issue prohibition orders.

22 July 2020

“You don’t need to wait”: Regulators urge banks to get out in front on climate transition

Hong Kong regulators are being urged to produce a roadmap for their sustainable finance measures – as the Bank of England urges banks not to wait for climate disclosure to be made mandatory before submitting regular reports.

16 July 2020

Regulatory round-up – AML/CFT outsourcing in Singapore; naming and shaming in China; buffers in Jamaica

Singapore’s capital markets intermediaries have come under fire for their outsourcing practices for anti-money laundering/counter-financing (AML/CFT) obligations; a Chinese regulator has published a list of misbehaving bank shareholders; and Jamaica is considering introducing a counter-cyclical capital buffer.

16 July 2020

BaFin “rocked asleep” by Wirecard hype

German regulator BaFin is facing questions over its supervision of fintech company Wirecard, which announced on Monday that €1.9 billion had vanished from its balance sheet.

24 June 2020

HSF, White & Case and Baker McKenzie on first bank M&A under new Indonesian rules

Thailand’s Bangkok Bank has completed the US$2.3 billion purchase of a majority stake in Jakarta-based Bank Permata – the first bank M&A deal under new regulations issued by Indonesia’s OJK last year.

12 June 2020

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