regulatory action

MAS prohibits DBS from acquiring new business ventures for six months following repeated services disruptions - THE EDGE SINGAPORE

Banking & finance

MAS prohibits DBS from acquiring new business ventures for six months following repeated services disruptions

DBS will also be setting aside a special budget of $80 million to enhance system resiliency.

Regulatory Action

SGX RegCo issues notice of compliance to Boustead and Boustead Projects

The company must notify the exchange on its exit offer proposal no later than one month from Sept 26.
SGXRegCo reprimands current and former directors of 8Telecom for breaching listing rules - THE EDGE SINGAPORE

Regulatory Action

SGXRegCo reprimands current and former directors of 8Telecom for breaching listing rules

Shares in 8Telecom last traded on Sept 6, 2019 at 6.9 cents.
What’s next for China’s tech sector? - THE EDGE SINGAPORE

Tech

What’s next for China’s tech sector?

China has seen a regulatory "truce" at long last for its tech sector, but will it mean clearer skies for its companies?
Singapore’s Rise Sparks Boost in Defense Against Financial Crime - THE EDGE SINGAPORE

Regulatory Action

Singapore’s rise sparks boost in defense against financial crime

Singapore has moved to tighten oversight after a series of high profile corporate collapses and alleged frauds in recent years
MAS imposes additional capital requirement on DBS for 2-day digital services outage in Nov 2021 - THE EDGE SINGAPORE

Regulatory Action

MAS imposes additional capital requirement on DBS for 2-day digital services outage in Nov 2021

DBS Bank is required to apply a multiplier of 1.5 times to its risk-weighted assets for operational risk

Regulatory Action

Eagle Hospitality Trust to 'cooperate fully' with MAS, CAD investigations; MAS reviewing proposed change of manager

EHT’s board also understands that former directors of the managers have either already been interviewed, or will be interviewed in due course as part of the investigations.

Regulatory Action

MAS, CAD commence joint investigation into EHT's management

The authorities say the investigation stems from a referral by the Singapore Exchange Regulation (SGX RegCo), and follows a review announced by SGX RegCo and MAS on Apr 20.

Company in the news

Eagle Hospitality Trust's Wu and Woods to quit following discovery of 'prejudicial' transactions

EHT's non-executive chairman Howard Wu and deputy chairman Taylor Woods have handed in their resignations after they were found to have inked transactions that were "not on commercial terms" and "prejudicial" to the interests of the REIT.

China Focus

Picking winners amid clash of the superpowers

“We acknowledge the rising risk but believe it is not currently enough to derail China’s outperformance versus the broader emerging markets.” - Morgan Stanley
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