Company History

MAS Adds Funding for Fintech and Innovation

FINANCE Thursday, 13 August 2020 14:55 The Monetary Authority of Singapore said on Thursday that it will commit $250 million over the next three years to accelerate innovation and technology adoption in the financial sector. The funds, which will be disbursed under the enhanced Financial Sector Technology and Innovation Scheme (FSTI 2.0), aims to strengthen support for large-scale...

SFC fines EFG Bank for dealing futures without license

LATEST NEWS By Kate Lin, 12 Jan 18 The Hong Kong operation of EFG Bank, a subsidiary of Swiss private bank EFG International, was fined HK$2m ($260,000) for dealing in futures contracts for 13 years without a required license. The Securities and Futures Commission (SFC) has found that EFG Bank executed non-compliance trading of offshore-listed index options for...