News Centre

Transition To T+1 Settlement Requires Significant Middle And Back-office Process Overhaul, New Report Suggests

Date 02/08/2023

A report from Torstone Technology, a leading SaaS platform for post-trade securities and derivatives processing, and Chartis Research, a globally recognised authority in research and advisory services, has revealed that legacy middle and back-office infrastructure needs to be upgraded to support the shift to a T+1 settlement cycle, or risk non-compliance.

The EBA Updates Guidance On Reporting Of Financial Soundness Indicators To The International Monetary Fund

Date 02/08/2023

The European Banking Authority (EBA) published today an updated guidance on how to compile and report to the International Monetary Fund (IMF) the Financial Soundness Indicators (FSI) based on EBA data. FSIs provide insight into the financial health and soundness of countries’ financial institutions as well as corporate and household sectors, thus supporting the economic and financial stability analysis.

DataLend: July 2023 Securities Lending Revenue Up 1% YoY To $943 Million - AMC Lending Revenue Soars After APE Conversion Efforts Stall

Date 02/08/2023

The global securities finance industry generated $943 million in revenue for lenders in July 2023, according to DataLend, the market data service of fintech EquiLend. The figure represents a 1% increase from the $938 million generated in July 2022.

Singapore Governance And Transparency Forum 2023 - Launch Of The Singapore Governance And Transparency Index 2023, Guest-Of-Honour Speech By Tan Boon Gin, CEO Of SGX RegCo

Date 02/08/2023

Thank you for the kind invitation for me to speak today.

Earlier this year, I tuned in to watch some grand slam tennis, the French Open on television.  Even though it was the latter stage of the tournament where the stakes were high and one would expect, more exciting, the players were unknown – or at least unknown to me.  And I couldn’t help but notice that there were quite a number of empty seats.  Nobody disputes the branding or prestige of the French Open. And the organisers, with the benefit of years of experience, do whatever is necessary to ensure that the event is well-run.  But if the players are not well-known, the spectators will not turn up. 

Written Reply To Singapore Parliamentary Questions On Former Formula One CEO Bernie Ecclestone's Alleged S$650 Million Trust In A Singapore Bank Account

Date 02/08/2023

Questions:

Ms Chua Kheng Wee Louis: To ask the Prime Minister in relation to the UK trial of Bernie Ecclestone that allegedly involves undisclosed assets of USD 650 million in a Singapore bank, whether MAS is satisfied with the anti-money laundering precautions that have been put in place at the bank.

Investor Activity On GPW Group Markets – July 2023

Date 02/08/2023

• GPW Main Market Electronic Order Book equities turnover value decreased by 7.1% YoY to PLN 19.3 billion
• NewConnect Electronic Order Book equities turnover value increased by 17.6% YoY to PLN 173.5 million
• Index futures turnover volume decreased by 28.7% YoY to 466,100 contracts
• Structured products turnover value increased by 5.8% YoY to PLN 192.7 million
• ETF turnover value increased by 28.3% YoY to PLN 72.4 million
  • Electricity turnover volume decreased by 14.2% YoY to 10.3 TWh
  • Natural gas turnover volume increased by 27.6% YoY to 8.9 TWh

Nigerian Exchange (NGX) Partners With The UK Government’s MOBILIST Programme

Date 02/08/2023

Nigerian Exchange Limited (NGX) will partner with the UK government’s Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) programme to enable greater investment toward achieving the United Nations Sustainable Development Goals (SDGs) in Africa through products listed on the Exchange.

Written Reply To Singapore Parliamentary Question On Impact Of Artificial Intelligence On Trading Platforms In Financial Markets

Date 02/08/2023

Question:

To ask the Prime Minister whether MAS has assessed the impact of artificial intelligence (AI) on trading platforms in financial markets for (i) the risk of "herding" where individual actors make similar decisions due to similar trained AI models or similar data aggregates and (ii) the potential for conflict of interest when a trading AI platform system is simultaneously considering both the platform's interest and the customers' interests, especially if without disclosure to customers.

ASIC Warns Of Further Action Against Market Misconduct

Date 02/08/2023

ASIC is warning market participants that strong, targeted enforcement action will continue in the coming months as part of its focus on protecting consumers from harm and upholding market integrity.

Oral Reply To Singapore Parliamentary Questions On Implications Of Strong Singapore Dollar On Monetary Authority Of Singapore' Losses

Date 02/08/2023

Questions:

Ms Hazel Poa: To ask the Prime Minister what were the benefits of a strong Singapore dollar policy that recorded S$30.8 billion in losses last year by the Monetary Authority of Singapore.

Assoc Prof Jamus Jerome Lim: To ask the Prime Minister how much of the reported losses by MAS for FY 2022/2023 are attributable to (i) losses from currency interventions (ii) changes in valuation (iii) investment exposures and (iv) other sources.

Mr Don Wee: To ask the Prime Minister in order to maintain a strong Singapore dollar policy and to curb losses, whether MAS has plans to increase the interest yields and payments of its Treasury Bills and bonds so as to encourage a higher level of savings.