News Centre

sfc pay Scales To 8 Million Accounts On Temenos Open Platform - Temenos Open Platform For Composable Banking Enables The Middle East’s Leading Digital Wallet To Scale Efficiently To Meet The Growing Demand For Mobile Digital Banking

Date 19/05/2022

Temenos (SIX: TEMN) today announced that stc pay, the Middle East’s leading digital wallet, is live on Temenos open platform for composable banking. Temenos’ cloud-native platform has supported stc pay to scale efficiently to more than 8 million accounts.

ASIC Warning: Scammers Offering Fake Green Bonds

Date 19/05/2022

• ASIC is alerting investors of the existence of a number of fake green bonds.
• In Australia, green bonds are not directly available to the general public or retail investors. Any website or entity claiming otherwise is a scam.
• Scammers may represent themselves as well-known financial services firms and invite people to invest in fictitious environmentally sustainable green bonds.

"A Future Ready Workforce For An International Financial Centre" - Opening Remarks By Mr Ravi Menon, Managing Director, Monetary Authority Of Singapore, At Singapore Financial Forum 2022 On 19 May 2022

Date 19/05/2022

Good morning from Singapore. I am pleased to join all of you, including our overseas Singaporeans and their friends, as well as leaders and professionals from Singapore’s financial centre at today’s forum.

Insurance Agents Charged For Obstructing The Course Of Justice, Falsification Of Records And Providing False Information To Monetary Authority Of Singapore

Date 19/05/2022

Ms Yuen Pui Leng Eunice and Ms Tan Zhen Zhi, Grace, insurance agents of Prudential Assurance Company Singapore (Pte) Ltd (PACS), were charged today for offences under the Financial Advisers Act1 (FAA). Ms Yuen was further charged for an offence under the Penal Code2 (PC).

CFTC Commissioner Pham To Speak With SEC Commissioner Peirce On A Women In Derivatives (WIND) Panel

Date 18/05/2022

EBA Adopts Decision On Supervisory Reporting For Intermediate EU Parent Undertaking Threshold Monitoring

Date 18/05/2022

The European Banking Authority (EBA) has adopted a decision on supervisory reporting for EU parent undertaking (IPU) threshold monitoring for those entities belonging to third country groups, including third-country branches.  Competent authorities shall report to the EBA information on the total value assets held by these entities within the scope of their jurisdiction in the format specified in the Annexes to the Decision.

Transcript Of Press Conference From US Secretary Of The Treasury Janet L. Yellen In Bonn, Germany

Date 18/05/2022

Thank you for being here. This has been a very productive week already, and I am looking forward to the G7 Ministerial here in Bonn this week. First, I’d like to thank Minister Lindner for his leadership.

BIS: Banking In The Shadow Of Bitcoin? The Institutional Adoption Of Cryptocurrencies

Date 18/05/2022

Summary

Focus

The market capitalisations of cryptocurrencies and related economic activities have grown phenomenally in recent years. While the role of retail investors has received much attention, we know less about the role of financial intermediaries in this sector. How significant is the presence of traditional intermediaries such as banks and investment funds in crypto markets, and what motivates them to take on cryptocurrency exposures? And how important are novel intermediaries such as crypto exchanges?

ACER To Decide On The Swedish TSO’s Request For Derogation From 70% Requirement

Date 18/05/2022

The Swedish regulatory authority (Ei) received an application from the Swedish TSO (SvK) for a derogation from the minimum capacity available for cross-zonal trade (‘70% requirement’) for electricity interconnections between the Finland – Sweden 3 and Denmark 1 – Sweden 3 bidding zones for the year 2022.

ESMA Publishes Ex-Post Analysis Of Derivatives Risks In Archegos

Date 18/05/2022

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, is today publishing a study showing how regulatory reporting data can be used to identify risks in derivatives markets, such as occurred in the case of Archegos.