Region: Singapore

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Binance, one of the world’s largest cryptocurrency exchanges, has withdrawn certain services in Singapore, whose monetary authority has become the latest financial regulator to warn it about operating without a licence.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

Gibson Dunn recruits HSF Asia practice head in Hong Kong

The head of Herbert Smith Freehills' financial services regulatory practice in Asia has crossed over to Gibson Dunn & Crutcher, bringing three associates with him.

30 April 2021

MAS consulting on foreign branch exemptions

Singapore’s regulator is consulting on new exemptions from business conduct and notification requirements for banks’ foreign head offices and local branches, after banks said recent reforms to its regime for foreign related corporations risked an “unlevel playing field”.

08 April 2021

FCA and MAS name women to senior leadership roles

The UK’s Financial Conduct Authority will have a majority-female executive committee after making four new senior appointments, while Singapore’s regulator has announced its new head of financial supervision.

09 March 2021

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