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ACCELERATOR programmes at Singapore's 3 banks have evolved beyond recognition since the first was launched 7 years ago. The directions taken could be helpful for instruction as more financial institutions roll out similar initiatives.

OCBC Bank and Standard Chartered announced on Thursday (Jul 7) the completion of its 30-year overnight indexed swap (OIS) derivatives transaction using the Singapore Overnight Rate Average (Sora) as the interest rate benchmark.

OCBC Bank and Standard Chartered announced on Thursday (Jul 7) the completion of its 30-year overnight indexed swap (OIS) derivatives transaction using the Singapore Overnight Rate Average (Sora) as the interest rate benchmark.

WITH Singapore having one of the largest passthrough of higher US interest rates into local lending yields in the Asia-Pacific region, Fitch Ratings believes the recovering operating profit and risk-weighted asset (RWA) ratios of the country’s banks are geared for a recovery towards their pre-Covid levels.

HOME-GROWN corporate services company Sleek has been granted a major payment institution (MPI) licence issued by the Monetary Authority of Singapore (MAS) effective from Jul 1, 2022.

TRAINING subsidies for staff in the finance industry will soon be scaled down, as part of changes meant to support a focus on growth and priority areas in the sector.

WITH a first-year interest rate of 2 per cent and a 10-year average rate of 3 per cent - a record high - the August tranche of Singapore Savings Bonds (SSBs) will almost certainly be oversubscribed. It is a shame, however, that more Singaporeans aren’t applying for the...

AS international authorities launch probes into recent cryptocurrency-related collapses, Singapore’s regulators have also started moving. Industry players, however, are questioning if it is moving fast enough, and with sufficient force.

THE recent exit of Australian “buy now, pay later” (BNPL) player Zip from Singapore is yet another indication that such consumer lending companies are having to make tough decisions and consolidate their operations. Higher interest rates won’t help the situation.

Malaysia’s central bank is expected to raise its key overnight policy (OPR) by 25 basis points this Wednesday (Jul 6) after its next monetary policy committee meeting, said Maybank Investment Bank (Maybank IB) chief economist Suhaimi Ilias at a media briefing on Monday.