Senior stock exchange officials emphasised the need for maintaining market order and product ecosystem diversity amid growing reliance on technology.
As MAS plans to repeal the RFMC regime, players said that consolidation and dropouts are expected to impact the industry.
With frauds and crimes getting sophisticated, institutions and regulators need to assume an increased level of responsibility, said Deborah Young.
The central bank is piloting the live issuance of wholesale CBDCs to instantaneously settle payments across commercial banks.
IMF's Kristalina Georgieva said that public sector should prepare to deploy CBDCs and prepare platforms that facilitate cross-border payments.
CoKeeps, a homegrown firm, offers security features that safeguard against both external and internal threats.
As Singapore and Hong Kong regulators navigate the fast-changing digital assets landscape, investor protection takes centerstage.
The regulator will reject applicants who fail to meet the required standards for ML/TF and technology risks.
While banks may have to dedicate more resources to track financial violations, local dealers too will have to be vigilant, said Navin Naidu.
To regulate CDS, the association said that data could be easily accessed from Depository Trust & Clearing Corporation’s Trade Information Warehouse.