The prototype network, developed by MAS in collaboration with JP Morgan and Temasek, will provide interfaces for other blockchain networks to connect and integrate seamlessly.
Singapore-based fintech BondEvalue will use a permissioned blockchain to enable electronical trading of bonds, in $1,000 denominations, with instant settlement and greater price transparency.
AFIN and FTAHK will collaborate on initiatives to support the development of financial innovations on APIX, an online marketplace and sandbox for cross-border fintech services.
The bill will remove the DBU-ACU divide, expand the grounds for which MAS can revoke bank licences, and empower MAS to regulate outsourcing arrangements.
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MAS said a small number of stock brokers encountered DDoS attacks last week, but only “limited disruption” resulted due to their mitigation services being activated.
The workshop participants discussed two of the key challenges to implementing data analytics systems to fight financial crime – explainability and governance.
The three individuals are said to have provided a total of about S$1,500 to individuals in Indonesia for the purpose of facilitating terrorist acts after being ‘radicalised’ last year.
UBS may have charged some wealth management clients booked in Hong Kong and Singapore ‘inappropriate spreads’ on debt securities transactions between 2008 and 2015.
The MOU will enhance supervisory cooperation and facilitate information exchange between the two regulators in the areas of banking and insurance supervision and crisis management.