The agreement enables US and Singapore OTC derivatives participants to trade with one another on the same platforms, allowing for more efficient risk management.
In a recent speech, MAS managing director Ravi Menon shared his views on blockchain, common misconceptions and use-cases where the technology shows the most promise.
Both guidelines under consultation continue to emphasise the importance of risk culture, and the roles of the board and senior managers in technology risk and business continuity management.
The MAS' new Technology Group will centralise its technology capabilities and strengthen supervision of technology risks in the financial sector.
The Digital Accelerator Programme will allow fintech startups to work with professional mentors from asset management firms to create viable solutions for industry challenges.
Singapore's three largest banks will face greater asset risks and stagnation of net interest margins in 2019, making it a difficult year ahead for profitability, according to Moody's Investors Service.
Singapore and EU-based firms will be able to trade derivatives on approved platforms based in either jurisdiction following proposed equivalence decisions by both regulators.
MAS places emphasis on conduct and individual accountability in its supervisory approach, using data analytics to help identify unusual trends and flag outliers among fund managers.
MAS has announced the formation of a new industry-led advisory committee, the CGAC, which will identify corporate governance risks and work to improve Singapore's CG Code.
Among the amendments are proposals to expand the grounds for which MAS can revoke a bank licence, and expanded circumstances for auditors to report on a bank's financial soundness.
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