Singapore
Singapore initiates competency standards
SINGAPORE – The Singapore government, through the Institute of Banking and Finance (IBF), launched the beginnings of a Financial Industry Competency Standards (FICS) programme in early September.
Collins Stewart merges G-7 currency options desks
Collins Stewart Tullett has merged the Group of Seven currency options desks of its Tullett Liberty and Prebon Yamane subsidiaries in London and Asia.
Accounting standards: Causing waves
The scheduled adoption of IAS 39 may not be causing the same waves in Asia as it is in Europe, but corporate treasurers in Australia, Hong Kong and Singapore are eyeing the 1 January deadline with increasing nervousness.
More synthetic securitisation expected in Singapore in 2003
Singapore is likely to see more synthetic securitisation deals in 2003, according to Diane Lam, a Hong Kong-based director in Standard & Poor’s structured finance group.
ST Asset Management mulls CDOs and plans to boost headcount
ST Asset Management (STAM) is planning to increase its staff – which is currently 19-strong – by one third throughout next year, in a push to become a key participant in Asia’s structured finance market, according to Chong Jiun Yeh, a senior vice…
Singapore issues risk management guidelines
SINGAPORE - Guidelines on sound risk management practices issued by Singapore regulators today emphasise the three pillars of adequate management oversight, sound risk management policies and strong risk measurement ability.
Singapore reconsiders hedge fund rules
Hot on the heels of Hong Kong’s decision to open up the hedge fund market to retail investors, the Monetary Authority of Singapore (MAS) is now revising its own rules on retail hedge fund investments, bringing it in line with its main regional rival.