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Singapore Financial Services Industry

Thomas Fox - Compliance Evangelist

Regulatory Ramblings: Episode 70 – Lessons for Compliance from a Law Enforcement Career + Regional Geopolitical Risks in 2025 with...

Today’s podcast begins with a spotlight conversation between Steve and Regulatory Ramblings host Ajay Shamdasani, discussing regional threats to expect in 2025. The uncertainty in the ongoing trade war between the US and...more

K&L Gates LLP

Combatting Scams in Australia, Singapore, China and Hong Kong

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The increased reliance on digital communication and online banking has created greater potential for digitally-enabled scams. If not appropriately addressed, scam losses may undermine confidence in digital systems, resulting...more

Conyers

South & Southeast Asia M&A Report

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We are pleased to provide this twice-annual report summarising notable mergers and acquisitions activity in South and Southeast Asia, highlighting transactions over US$100 million in aggregate value. This edition features...more

A&O Shearman

A bold shot in the arm for Singapores Equities Markets

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The Equities Market Review Group has issued its first set of measures to strengthen the competitiveness of Singapore’s equities markets. The measures seek to (1) increase investor demand and the supply of quality listings on...more

Conyers

SGX & Catalist Public Companies Report l H2 2024

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This edition of the Conyers SGX & Catalist Public Companies Report summarises selected key transactions involving companies listed on the Main Board and Catalist Board of the Singapore Exchange Securities Trading Limited...more

K&L Gates LLP

Asset Management Regulatory Year in Review 2024

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2024 was a year of meaningful regulatory change for asset managers globally. The regulatory activity was wide ranging and without a particular unifying theme. In fact, the wide, and in cases diverging focuses of key global...more

K&L Gates LLP

Managing Artificial Intelligence: The Monetary Authority of Singapore's Recommendations on AI Model Risk Management

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Introduction and Background - On 5 December 2024, as part of the Monetary Authority of Singapore’s (MAS) incremental efforts to ensure responsible use of artificial intelligence (AI) in Singapore’s financial sector, MAS...more

A&O Shearman

Combatting payment account fraud: Singapore's Shared Responsibility Framework

A&O Shearman on

On October 24, 2024, the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA) jointly announced the implementation of the Shared Responsibility Framework (SRF) in relation to phishing...more

Morgan Lewis

MAS Issues Circular on Anti-Scam Measures for Major Payment Institutions That Provide E-Wallets

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The Monetary Authority of Singapore (MAS) published the Circular on Anti-Scam Measures by Major Payment Institutions Providing Personal Payment Accounts That Contain E-money on 25 October 2024, setting out MAS’s supervisory...more

Morgan Lewis

Singapore Revises Its Guidelines on Licensing for Payment Service Providers

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The Monetary Authority of Singapore (MAS) published updates to its Guidelines on Licensing for Payment Service Providers [PS-G01] (the Guidelines), which will take effect on August 26, 2024. The revisions to the Guidelines...more

A&O Shearman

Combatting payment account fraud: latest regulatory developments in Singapore

A&O Shearman on

On 25 October 2023, the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA) jointly published a consultation paper on a proposed Shared Responsibility Framework (SRF) in relation to...more

Hogan Lovells

Fostering integrity and trust in ESG ratings and data products providers – UK, Japan, Singapore and EU

Hogan Lovells on

The growth in size and influence of ESG ratings and data markets coupled with concerns about the transparency and credibility of ESG ratings and data products have led to IOSCO developing recommendations to regulators and ESG...more

Morgan Lewis

Monetary Authority of Singapore’s Enhanced Investigative and Supervisory Powers

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Singapore’s new bill grants the Monetary Authority of Singapore (MAS) broader authority over the financial sector to oversee, investigate, and penalize misconduct. It aims to address the industry's growth and complexity,...more

Cadwalader, Wickersham & Taft LLP

Benchmarks Beyond January 2024 - 2024 Update on the Cessation of CDOR and SIBOR

As we kick off 2024, the focus on the unavailability of certain benchmarks continues on. To refresh, we have already seen the benchmark for US Dollars generally replaced with the Secured Overnight Financing rate as...more

Latham & Watkins LLP

MAS publishes Code of Conduct for ESG Rating and Data Product Providers

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The voluntary code aims to enhance transparency and improve comparability and reliability of ESG data and scores. The Monetary Authority of Singapore (MAS) has published a Code of Conduct for Providers of Environmental,...more

Morgan Lewis

MAS Introduces Further Investor Protection Measures for Digital Payment Token Service Providers

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The Monetary Authority of Singapore recently published the second part of its response to the consultation paper proposing regulatory measures for providers of digital payment token services under the Payment Services Act...more

Conyers

B2B, B2C, BVI – Crypto Disputes in the Caribbean

Conyers on

In the crypto world, does it really matter where you are? Is there a sunny offshore paradise perspective on the click of a button and a fintech trade? The answer lies as usual in how to unravel a problem should it arise. Both...more

A&O Shearman

Changes to Singapore selling restrictions for the wholesale debt market

A&O Shearman on

The MAS issued a Notice on Business Conduct Requirements for Corporate Finance Advisers on 21 June 2023 that, among other things, imposes a requirement on relevant persons advising on corporate finance to apply enhanced due...more

A&O Shearman

Allen & Overy and Standard Chartered launch guide to payment regulations in Asia

A&O Shearman on

Allen & Overy and international banking group Standard Chartered have today launched the first Guide to Payment Regulations for corporates and fintech customers navigating the evolving payments landscape in eight key markets...more

Latham & Watkins LLP

Monetary Authority of Singapore Introduces Investor Protection Measures For Digital Tokens

Latham & Watkins LLP on

MAS has published new requirements for DPT service providers and a consultation paper on additional regulations and prohibitions against unfair trading practices. On 3 July 2023, the Monetary Authority of Singapore...more

Morgan Lewis

Cryptocurrency Not Recognised as Money, Singapore High Court Rules

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The Singapore High Court recently rejected Algorand Foundation’s application to liquidate Three Arrows Capital based on a claim of 53.5 million USD Coin (USDC)—a form of cryptocurrency also known as a stablecoin, designed to...more

Latham & Watkins LLP

Singapore’s Green Finance Industry Taskforce Launches Final Consultation on Green and Transition Taxonomy

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The consultation seeks feedback on its “measures-based approach” to classifying industrial activities, as well as “Do No Significant Harm” criteria. The Green Finance Industry Taskforce (GFIT) was convened by the...more

Hogan Lovells

Global Payments Newsletter, September 2022

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Key developments of interest over the last month include plans to consider increasing regulation on crypto firms in several countries; the Bank of Thailand publishing a payment development strategy for 2022-2024; and "The...more

A&O Shearman

Ensuring Enforceable “Make Whole” Interest Obligations

A&O Shearman on

MKY Capital Pte Ltd v MDR Ltd and Ethoz Capital Ltd v Im8ex Pte Ltd are two cases this year that considered a claim for payment of the full “make whole” interest amount. In both, the court refused to allow the claim. “Make...more

Morgan Lewis

Legal Issues and Trends in the Singapore Crypto Scene

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Singapore has become a popular destination for new and existing cryptocurrency funds, just in time for the perceived oncoming “crypto winter.” This LawFlash spotlights trends and legal issues that companies should be aware of...more

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