Financial Services

SGX Bond Trading takes on SGX Bond Pro general counterparty role

It replaced UBS, which was the general counterparty in its 2015 launch.

SGX Bond Trading takes on SGX Bond Pro general counterparty role

It replaced UBS, which was the general counterparty in its 2015 launch.

Singapore law allows creditors to avoid losses from bank failures: Moody's

Buffers for bail-ins only comprise 1%-2% of Singapore banks’ assets.

MAS raises April Singapore savings bond size to $200m

It cited two bond issues in 2018 that were oversubscribed for over $171m.

MAS writes guide for financial institutions' ethical AI use

The guide is targeted for completion by the end of 2018.

Customer satisfaction in 2017 hit new high at 72.9 points

A study cited increased satisfaction in the finance & insurance and healthcare sectors.

Is Singapore failing in its bid for Asia's IPO market?

Companies are choosing to list in Hong Kong instead.

Singapore banks' loan growth hits 3-year high

Higher credit card and car loans pushed bank lending up.

Big three banks net profit surged 27% in Q4

This comes amidst a steady stream of fintech investment.

Fintech firm ayondo enters SGX Catalist board

It is the first fintech company to list in Singapore.

Singaporean firm offers celebrity tokens amidst crypto craze

Ex-Liverpool soccer star Michael Owen and boxing veteran Manny Pacquiao will issue their own crypto-coins in the exchange.

9 in 10 Singaporeans want to use fingerprint and facial recognition in banks

Only 1 in 5 are currently using the technology in banking services.

MAS penalises Standard Chartered for money laundering requirement breaches

The breaches occurred when trust accounts were transferred from Guernsey to Singapore.

OCBC unveils $240m purpose-built data centre

The bank is avoiding interdependence on data centre tenancy.

Singapore-based issuers' bond offerings hit 3-year low

Bond offerings crashed by 21.5% to US$6.7b as local firms also tapped into offshore bond markets.

Insurance firms' underwriting profits plunged 58.53% to $107m in 2017

For the first time since 2010, the motor insurance segment generated an underwriting loss, losing $27.2m in 2017.

1 in 5 fintech firms think Singapore doesn't attract enough venture capital

These companies rely on Singapore to attract funds that will allow risk-taking.