Singapore
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16Singapore, Vietnam Sign Fintech, Banking Supervision Agreement
JP Reimann, Regulation Asia April 26, 2018The central banks have agreed on a partnership to encourage fintech innovation and strengthen banking supervision.
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30Asia to Miss Key 2018, 2019 Basel III Deadlines – BIS report
Garima Chitkara, Regulation Asia April 26, 2018Most Asian jurisdictions are behind on implementing counterparty credit risk measures, capital for CCP exposures as well as TLAC, IRRBB and LEX...
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28Banks Should Implement Wolfsberg KYC Initiative – MAS
JP Reimann, Regulation Asia April 23, 2018MAS urges Singaporean banks to incorporate Wolfsberg due diligence questionnaire in risk assessment processes relating to correspondent banking relationships.
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78
Singapore Moves Towards Open Banking Without Regulatory Mandate
Garima Chitkara, Regulation Asia April 16, 2018MAS chief data officer says data sharing between financial firms will happen “organically” without need for regulatory mandate; may release guidelines on...
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50
Singapore Issues TLAC Consultation
Editors, Regulation Asia April 12, 2018Monetary Authority aims to bring Singapore in line with Basel III capital treatment of capital holdings from January next year.
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52Singapore Bank Resolution Regime Favours Bailouts Over Credit Bail-ins – Moody’s
Garima Chitkara, Regulation Asia April 5, 2018Singapore regulations favour bailouts over creditor bail-ins as bail-in buffers only comprise 1-2% of Singapore bank assets, says Moody's.
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55
MAS Guidance on AI, Data Analytics In The Works
Editors, Regulation Asia April 4, 2018Key financial industry stakeholders to co-create guide setting out key principles, best practices to strengthen governance, reduce data misuse risks.
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125MAS Fines StanChart Units $4.9mn for AML/CTF Breaches
Editors, Regulation Asia March 20, 2018The bank’s Singapore branch and trust unit failed to adequately assess and mitigate risks that clients were trying to avoid CRS reporting...
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205
Money 20/20: MAS Speaks Out on Crypto Risks, Blockchain
Manesh Samtani, Regulation Asia March 17, 2018In a speech at Money 20/20 Asia, MAS managing director Ravi Menon spoke about the promise of blockchain technology and containing cryptocurrency...
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167
MAS to Streamline Data Submissions, Reduce Burden for FIs
Editors, Regulation Asia March 16, 2018Financial institutions will be allowed to decline MAS requests for previously-submitted data; new regulatory returns to be submitted in machine-readable formats.
