Deposit Insurance Scheme coverage to increase to protect up to SGD75,000 per depositor, up from SGD50,000, starting from 1 April 2019.
Asia Pacific Exchange will become Singapore's third derivatives exchange, initially offering dollar-denominated and physically tradable palm olein futures starting 25 May.
Consultation to be issued "soon" on raising cyber resilience at financial institutions in Singapore; rules to include internal controls, independent reviews, authentication practices.
MAS-CAD industry partnership on AML/CFT released best practices papers to help financial institutions guard against trade-based money laundering and the misuse of company structures for illicit purposes.
MAS partners with government agency, media regulator and professional body to promote adoption of AI products and services in financial sector.
Former representative deliberately concealed identity of beneficial owner on three accounts, making it difficult for the bank to monitor and detect suspicious transactions.
Mandatory clearing to apply to SGD and USD fixed-floating interest rate swaps; applicable to banks with OTC derivatives exceeding SGD20 bn.
MAS has released guidelines on promoting individual accountability of senior managers, strengthening employee oversight, and embedding 'proper conduct' standards at financial institutions.
The central banks have agreed on a partnership to encourage fintech innovation and strengthen banking supervision.
Most Asian jurisdictions are behind on implementing counterparty credit risk measures, capital for CCP exposures as well as TLAC, IRRBB and LEX requirements.