News Centre

Bank Of Mauritius And DIFC Sign A MoU To Facilitate Exchange Of Information In Banking And Finance

Date 15/02/2022

• The MoU was signed by Harvesh Seegolam, Governor of the Bank of Mauritius, and by H.E. Essa Kazim, Governor of the DIFC.
• The MoU establishes a formal framework for co-operation and assistance between the Bank and DIFC.
• The MoU will facilitate the exchange of information between the two entities.
• The Bank and DIFC focus on strengthening collaboration in the field of research pertaining to financial services, banking, cybersecurity and FinTech, among others.

Spectrum Markets Collaborates With Euronext Securities Milan For Local Settlement

Date 15/02/2022

• Collaboration responds to strong demand from leading Italian financial institutions
• Spectrum will incorporate Euronext Securities Milan’s widely-used X-TRM settlement infrastructure
• Integration continues Spectrum’s strategy of building a ‘plug and play’ trading ecosystem around local market infrastructure

"Bolstering The Security Of Digital Banking" - Ministerial Statement By Mr Lawrence Wong, Singapore Minister For Finance And Deputy Chairman of the Monetary Authority Of Singapore (MAS), On Behalf Of Mr Tharman Shanmugaratnam, Senior Minister And Minister-In-Charge Of MAS, On 15 February 2022

Date 15/02/2022

Mr Speaker, Sir,

1 I am speaking in the capacity as Finance Minister and Deputy Chairman of the Monetary Authority of Singapore (MAS). Today, Minister Josephine Teo, Minister-of-State Desmond Tan and I will address a total of 391 parliamentary questions that have been posed to MAS, MCI, and MHA arising from the recent OCBC phishing scams. They cover a wide range of issues – from whether the banks can do more to mitigate the risks of such scams, to how the telco infrastructure, enforcement actions, and consumer education can be enhanced to deal with this growing problem. The breadth of the issues raised underscore that we need to take an ecosystem approach to strengthen our collective defence against phishing scams, and scams in general. Everyone in this ecosystem must play their part.

Edgewater Markets Partners With OpenFin To Extend FX Trading Desktop Capabilities

Date 15/02/2022

Technology provider Edgewater Markets has partnered with OpenFin, the operating system (OS) for enterprise productivity, to provide extended native desktop capabilities for FX traders. As a result, the full suite of products by Edgewater Markets is now available on OpenFin and is being distributed to clients globally. 

DataBP Appoints Stephen Wolff As Strategy Advisor - Stephen Wolff Joins DataBP As Strategic Advisor And NED

Date 15/02/2022

DataBP, the data licensing and commercial management platform, today announced the appointment of Stephen Wolff as Strategy Advisor and Non-executive Director in a push to grow the business on a global basis.

Shanghai Futures Exchange: Notice On Investigation And Penalties For Violations Of Relevant Rules And Regulations In January 2022

Date 15/02/2022

Shanghai Futures Exchange (hereinafter referred to as “The Exchange”) has been on continuous efforts in investigating and penalizing violations of relevant rules and regulations, so as to strengthen the risk management of the futures market, regulate the futures trading activities and protect the legitimate rights and interests of futures market participants. 

Reply To Singapore Parliamentary Question On Processing Time For Licence Applications

Date 15/02/2022

Question:

To ask the Prime Minister (a) what is the respective average, minimum and maximum duration from application to the final approval of licences of (i) Registered Fund Management Company (RFMC) (ii) Licensed Fund Management Company (LFMC) and (iii) Venture Capital Fund Management (VCFM); and (b) what are the usual challenges faced by applicants for licences of RFMC, LFMC and VCFM that result in longer-than-usual processing times.

Nasdaq Dubai Welcomes Listing Of US$ 750 Million Sukuk By Dubai Islamic Bank

Date 15/02/2022

Nasdaq Dubai, the region’s international financial exchange, today welcomed the listing of a US$ 750 million Sukuk by Dubai Islamic Bank (DIB). The 5-year new Sukuk issuance is part of DIB’s US$ 7.5 billion Sukuk Program.

Reply To Singapore Parliamentary Question On Special Purpose Acquisition Companies

Date 15/02/2022

Question:

Circular On Self-Regulatory Measures Taken By CFFEX In January 2022

Date 15/02/2022

To prevent market risks, maintain the orderly operation of the market and protect investors’ legitimate rights and interests, China Financial Futures Exchange (CFFEX) took the following self-regulatory measures against violations of exchange rules in January 2022.