Audit engagements which required further evaluation and investigation in 2020 were found to have weak auditing procedures and lacked professional scepticism.
Starting on 5 October, a four-day pause will be introduced between the sale of a principal product or service and the sale of add-on insurance.
AIA's remediation process is complete and it has reviewed its systems and processes to make sure the breaches did not recur.
In recent years, demand for compression services has risen as market participants look to lower capital costs associated with balance sheet-intensive derivatives.
BIS Innovation Hub Singapore Centre and MAS have published a blueprint that could make real-time cross-border payments a reality in the next two to four years.
The FPA says the formula ASIC uses to estimate the industry funding levy for financial planners is not equitable or sustainable and must be reviewed immediately.
The Singapore police received 89 reports of fraudulent card transactions performed with SMS OTPs between September 2020 and February 2021.
The inclusion of risk adjustments in insurance liabilities is expected to increase capital requirements for life insurers.
A measure will be introduced enabling FIs to receive funds from the BOJ against investments or loans made in support of efforts to address climate change.
The updated guidance reflects the reforms which consolidate three existing hawking prohibitions into a ban covering all financial products.