The collaboration joins the Singapore FinTech Association network with Thomson Reuters Labs technical expertise to solve issues around financial crime.
Collaboration with regtech firm Tookitaki has enabled deeper and broader analyses of data sets which can be applied to all processes within AML framework.
New code is based on recommendations by the Corporate Governance Council and focuses on strengthening board independence and diversity; SGX has incorporated the new code in its listing rules.
Moody’s reported that DBS, OCBC and UOB have seen improved profitability and stable asset quality going into the second half of the year.
HKMA, MAS, ASIC among 12 regulators seeking views from interested parties on new Global Financial Innovation Network initiative, including its role, tools and where it should prioritise activity.
Enhancements to DTCC's Global Trade Repository service in Singapore will support the MAS's next phase of derivatives trade reporting requirements, as well as improve usability and reduce complexity for users.
The arbitrator has deferred judgement on the data sharing dispute until talks on collaboration between the two exchanges on a trading and settlement platform at GIFT City conclude.
Singapore’s benchmark operators have incorporated feedback from market participants following a consultation that ended in February; the new computation methodology will use a waterfall method incorporating wholesale funding and related markets transactions.
MAS asked financial institutions to use additional information like one-time passwords and biometrics to identify consumers over and above existing consumer verification processes.
In the year ahead, the MAS will focus on the use of data analytics as well as boosting industry collaboration in its fight against money laundering and terrorism financing.