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AN omnibus Bill which consolidates and expands on the Monetary Authority of Singapore's (MAS) regulatory powers was passed on Tuesday (Apr 5), with parliamentarians largely supporting it amid the digitalisation of financial services - in particular, the growing prevalence of digital token services such as cryptocurrencies.

THE "buy now, pay later" (BNPL) trend does not pose a significant risk as yet to consumer debt levels in Singapore, but a code of conduct for the industry will be launched in the second half of this year, the House was told on Tuesday (Apr 5).

THE High Court has dismissed the appeal of Andruew Tang You Liang and Koryagin Vadim, who were convicted last year of conspiracy to deceive 2 banks in Singapore by falsely declaring the beneficial ownership of several Russian companies.

It's been a horrible start of the year for the bond market, the worst in decades.

JEFFERIES has downgraded its call on the 3 Singapore banks, DBS, OCBC and UOB, to a "hold" from "buy", to account for a flattening yield curve and the muted transmission of the US Federal Reserve's rate hikes on local rate benchmarks.

UOB on Friday (Apr 1) announced it intends to issue 3 series of notes amounting to US$2.1 billion under its US$30 billion global medium term note (MTN) programme, each to be issued at 100 per cent of their principal amounts on Apr 7, 2022.

THE Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS) Innovation Hub Singapore Centre have developed a prototype analytics platform that could help regulatory authorities perform more effective supervision.

NEW technologies, changing consumer demands and tougher regulatory requirements have fuelled the rise of financial specialists - banks or fintechs that operate within a narrower segment of the financial services spectrum.

DBS will not extend crypto trading services to retail consumers in the near future, its chief executive Piyush Gupta said at the bank's annual general meeting on Thursday (Mar 31), in what appears to be a U-turn of its stance on the asset class.

THE Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS) Innovation Hub Singapore Centre have developed a prototype analytics platform that could help regulatory authorities perform more effective supervision.