News Centre

Broadridge And PPI AG Collaborate To Launch Payments-As-A-Service For The European Market - New Generation Of Modern Payments Processing Platforms And Services Combines The Payment Expertise Of PPI AG With Broadridge’s SaaS Competence And Operational Excellence - European Banks To Achieve A More Powerful Payments Operation With New Solution

Date 05/10/2020

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, has announced a collaboration with PPI AG, the Hamburg, Germany-based payments consultancy and supplier, to launch a joint payments initiative for banks and financial institutions in Europe. Many banks are currently facing major challenges in payments processing, driven by recent and ongoing market changes, such as the implementation of PSD2, SEPA ISO migration, TARGET2 and SWIFT ISO20022 migration, while also responding to national payments infrastructure changes and the emergence of new protocols, such as EBICS. There is also increasing market demand for Request to Pay and SEPA IP via TIPS, which are on the horizon although not yet mandatory. 

Oslo Børs: Mintra Admitted To Trading

Date 05/10/2020

The software company Mintra has today been admitted to trading on Merkur Market (ticker code: MNTR-ME).   

Tokyo Stock Exchange: The Cause And Measure Of Arrowhead System Failure

Date 05/10/2020

TSE would like to express our sincerest apologies to investors and the people related to the stock market for any inconvenience caused by the failure of the equity trading system, arrowhead, on October 1, 2020.

Reply To Singapore Parliamentary Question On Green Financing Amongst SMEs

Date 05/10/2020

Question:

To ask the Prime Minister (a) whether the Government tracks the take-up rate of green financing loans and products for SMEs; and (b) what are the plans to make green financing more accessible to SMEs.

Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS:

1.      Green and sustainable financing flows are growing strongly in Singapore. From 2019 till the first half of this year, approximately SGD 4.8 billion of green and sustainability bonds were issued in Singapore. Singapore corporates also borrowed SGD 10.2 billion through green and sustainability-linked loans [1] in the same period. While green and sustainable financing has nearly tripled from 2018 volumes [2] , we are still at an early stage of this journey, as is the case internationally. The green share of total loan and bond transactions [3] in Singapore remains modest at less than 5%, reflecting the significant opportunity for growth.  

Reply To Parliamentary Questions On Local Singapore Banks Involvement In The Recent Document Leaks From The US Financial Crimes Enforcement Network

Date 05/10/2020

Q 163. To ask the Prime Minister in view of the recent assertions by the International Consortium of Investigative Journalists that a number of banks in Singapore had handled large sums of suspicious transactions (a) how will MAS address the assertions with the banks; and (b) what have been the efforts to enhance our work against suspicious transactions and money laundering.

Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS:

1.      Mr Speaker Sir, the members’ questions arose from the leaked reports of the US Financial Crimes Enforcement Network, or FinCEN. 

2.      Let me explain what these leaked reports are about. Suspicious Transaction Reports (STRs) are filed by financial institutions if they have reason to suspect that a financial transaction could be related to a crime. The reasons for suspicion may be due to an adverse media story on the customer, or the customer not providing a good explanation for an unusually large transaction. FinCEN receives a large number of STRs on an ongoing basis – 2.75 million in 2019.

SGX Welcomes The Listing Of Phillip SGD Money Market ETF, The First Of Its Kind In South East Asia

Date 05/10/2020

• The first Singapore-domiciled money market exchange-traded fund (ETF) on SGX, and the only money market ETF in South East Asia, starts trading today with S$100 million in initial assets under management (AUM)

Non-Jordanian Ownership In Companies Listed On The Amman Stock Exchange Reached 50.2%

Date 05/10/2020

Amman Stock Exchange revealed that the value of shares that were bought by non-Jordanian investors since the beginning of the year until the end of September 2020 was JD 73.5 million, representing 10.0% of the overall trading value, while the value of shares sold by them amounted to JD 135.6 million. As a result, the net of non-Jordanian investments showed a negative value of JD 62.1 million, whereas the net of non-Jordanian investments showed a negative value of JD 47.3 million for the same period of 2019.

Africa Reinsurance Corporation (Africa Re) Group Selects DIFC For Middle East expansion

Date 05/10/2020

• Africa Re’s first office outside Africa opens in DIFC.
• Africa Re will provide both Conventional and Retakaful Capacity to support Takaful and Conventional companies.
• Africa Re’s opening further reinforces DIFC’s position as the region’s leading insurance and reinsurance hub.

Reply To Parliamentary Question On family Offices In Singapore

Date 05/10/2020

Question:

To ask the Prime Minister (a) in the past three years, how many high net worth individuals have set up or have been given approval to set up family offices in Singapore; (b) what is the total quantum of assets that have been attracted to Singapore through these high net worth individuals; and (c) how many Singaporeans have been employed by such family offices in Singapore.

Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS:

1.      As Single Family Offices (SFOs) do not manage third party monies, they are not registered with or licensed by the Monetary Authority of Singapore (MAS). So MAS does not have hard data on the scale of their operations. 

NZX Shareholder Metrics - September 2020

Date 04/10/2020

Please see attached NZX Limited shareholder metrics for September 2020.