Financial Services
Singapore firms’ M&A appetite wanes on back of intensifying global headwinds
It’s the only ASEAN country to see a drop in appetite.
SGX expands forex footprint with additional Asian currency futures
The new futures contracts will be available in Q3.
OCBC launches mobile biometric authentication with OneTouch
Using Apple’s Touch ID technology.
MAS and European Securities and Markets Authority to cooperate on CCPs
To let local CCPs provide clearing services to EU participants and trading venues.
SGX opens new Hong Kong office to boost presence in Greater China
It will focus on derivatives trading.
RHB Investment Bank expands Singapore operations with acquisition of DMG & Partners
The company has been rebranded as RHB Securities Singapore.
Daily Briefing: Singapore is fastest growing city for ultra-rich; Super luxury bungalow prices rise to $1,428 psf
And 1 in 5 foreign domestic workers in Singapore vulnerable to mental health issues.
Higher rates for Singapore banks offer huge operating leverage
Analysts believe they can rerate further.
DFCC Bank names SR Thambiayah as director
She was joint managing director of Renuka Hotels and Renuka City Hotels.
MAS inks deal with Malaysia, Thailand for streamlined cross-border prospectus review framework
The deal will enhance market efficiency.
iFAST’s net profit jumped 33.7% to $10.5m in FY14
Assets under administration rose to a record high.
Local banks gear up for testing times as credit outlook dims
The big three are fattening up their buffers.
Banks, securities firms team up to launch online portal on unlisted specified investment products
The portal is free for all investors.
Domestic bank lending slips to $607.5b in January
Due to lower general commerce loans.
Stanley Cheong Kok Yew quits as TIH Ltd director
He intended to pursue other career opportunities and personal interests.
Over half of financial services execs alarmed over intensifying regulatory pressures
Tighter competition is also a key challenge.