05/07/2020
DBS Prices Singapore’s First SORA-based Floating Rate Notes
The net proceeds will be used for general business purposes.
Legal, Regulation & Compliance
05/06/2020
Malaysia's central bank cuts key interest rate to 2%, lowest since 2009
The central bank's monetary policy committee said the decision complements other monetary and financial measures implemented so far this year
05/06/2020
MAS Supports Inaugural Cloud-Based G20 TechSprint
FinTechs and other players are invited through a hackathon-style competition to develop innovative solutions to address these problem statements.
05/06/2020
Enhanced schemes for Singapore's financial services industry
This S$125 million support package is funded by the Financial Sector Development Fund.
05/06/2020
Industry fund swaps insurers
From July 1, the maximum benefit payable for death cover will be $5 million, $3 million for total and permanent disability as well as for terminal illness.
05/06/2020
Japan to ease investment rules to push bank-fintech marriage
Proposal also to make sharing of customer data easier
05/06/2020
Mishcon de Reya opens office in Singapore as it shifts international focus to Asia
As a licensed Foreign Law Practice in Singapore, the office will not be undertaking Singapore law related work save in those areas permitted by its licence, such as international commercial arbitration.
05/05/2020
Eurex seeks Hong Kong clearing licence
It was granted a Singapore clearing license in September 2019, and a Japanese license in March 2020, denominated as a “foreign financial instruments clearing organisation”, in which the local entities are able to clear directly with the CCP.
05/05/2020
Roy Cho, alleged mastermind of Hong Kong’s biggest fraud case, denies fresh charge of deceiving staff at Convoy as trial gets under way
The same charges were levied against his associates, Christie Chan Lai-yee, 46, a former chief financial officer at Convoy, and Byron Tan Ye-kai, 51, a former executive director at the company.
05/05/2020
Natixis brings thematic funds to Singapore
The Monetary Authority of Singapore has given the Paris-based asset manager approval to sell four Ucits products to retail investors.
05/05/2020
Gold is well-positioned as a hedge against inflation risk from expansionary fiscal and monetary policies
This goes against gold’s embedded characteristics, but we think that the unique circumstances at the time of that selloff are likely in the rear view.
05/05/2020
Singapore companies must now register their controllers with regulator
The move comes as Singapore steps up efforts to maintain its status in the vanguard of international regulation, particularly for financial services.
05/05/2020
Westpac Internal Probes Identify More AML Breaches, FATCA Lapses
The latest disclosures indicate that the problems at Westpac run deeper than AUSTRAC had initially suspected
05/05/2020
Financial Scams Rise as Coronavirus Hits Developing Countries
There is the risk that these scams could undermine confidence in digital technologies that are proving so very important in keeping people informed and connected during the pandemic.
05/04/2020
Glass Half Full: Basel IV Presents Opportunity for Constructive Change, COVID-19 the Impetus
With the global economy inexorably heading towards a new normal, it is now more important than ever for FIs to better align their strategic plans with what the future might bring.
05/04/2020
Malaysia's banking system can handle Covid-19 challenges, says BNM deputy governor
It has excess capital of RM121 billion versus RM39 billion in 2008 and is capable of withstanding potential credit and market losses.
05/04/2020
Frydenberg defends ex-Macquarie boss Moore's role in Virgin rescue
The Morrison government appointed Mr Moore as its special adviser on Virgin two days after the airline’s collapse into administration.
05/04/2020
Vestas wins new order for two wind projects in complex terrain in Vietnam
The two projects are owned by local project companies, Huong Tan Wind Power Joint Stock Company and Tan Linh Wind Power Joint Stock Company.
05/01/2020
Baker McKenzie Acts on USD 1 Billion Joint Venture to Invest in South Korean Logistics Real Estate
The transaction is expected to be completed before July 2020, subject to relevant regulatory approvals.
05/01/2020
MAS and Financial Industry Provide Additional Support for Individuals
This second package will extend the scope of relief for individuals to other types of loan commitments, and allow them to continue to have access to affordable basic banking services.