Region: Singapore

Indonesia’s regulators granted new powers amid independence concerns for central bank

Indonesia’s sweeping new 800-page financial services law includes new powers for the Financial Services Authority, a reclassification of digital assets as securities, new concepts for securitisation market, and legal recognition of the country’s new central bank digital currency - but it has also prompted concerns over the central bank’s future independence.

01 February 2023

What’s in store for 2023? Part three: regional issues

Some of the regulatory issues banks will face in 2023 cut across borders, but not all. In this final part of GBRR’s examination of the year to come, we asked practitioners in the US, UK, Singapore, and Hong Kong how local issues will play out over the next 12 months.

18 January 2023

New partners for Linklaters in Singapore and WFW in London

Linklaters has hired the head of Ashurst’s Singapore financial regulation practice, while Watson Farley & Williams has hired a Covington & Burling partner in its London office.

16 January 2023

What’s in store for 2023? Part two: climate risk and green finance

The last year saw regulators and international standard-setting bodies busier than ever before with new proposals and rules for the ESG realm. In the second part of our examination of the year to come in banking regulation, GBRR spoke with practitioners from the UK, US, Singapore, and Hong Kong about how climate-related regulation will further evolve in 2023.

11 January 2023

SGX penalises UOB associate firm over internal control blunders

The Singapore Exchange’s regulatory body has banned one of Asia’s largest brokerage firms for internal control failures related to business conduct and anti-money laundering requirements.

11 January 2023

What’s in store for 2023? Part one: crypto

How will regulators grapple with crypto in 2023, after one of the rockiest years in the industry’s short history? In the first of three pieces examining what 2023 has in store for banking regulation, GBRR spoke with practitioners from Europe, the United States, Singapore and Hong Kong about the road ahead for crypto.

09 January 2023

MAS releases first report on potential purpose-bound CBDC

Singapore’s financial regulator has weighed in against the potential use case for a purpose-bound digital Singapore dollar.

10 November 2022

Singapore’s proposed crypto measures evoke mixed reactions

The Monetary Authority of Singapore (MAS) has proposed measures to regulate crypto trading to protect consumers from stablecoin-related risks.

01 November 2022

Singaporean regulator admits “mixed signals” on crypto, warning it may restrict crypto access

Singapore’s financial watchdog has indicated it may make it more difficult for retail investors to access cryptocurrencies, in a shift from its previous welcoming position on digital assets.

31 August 2022

Another Singapore crypto collapses

Singaporean crypto firm Hodlnaut has applied for judicial management in the city-state months after winning in-principle regulatory approval, the latest Singaporean crypto to fall in the wake of the post-Terra “crypto winter”.

19 August 2022

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