The steering group will identify best practices, monitor trends and emerging issues, and collaborate on initiatives to promote strong culture and conduct.
MAS is consulting on proposals to consolidate regulation of merchant banks under the Banking Act, and to move them to a licensing regime.
MAS is using artificial intelligence tools for risk detection and market surveillance, while also working to strengthen protections against cyber risk, data breaches and AI-based discrimination.
SGX will introduce a 10-minute 'trade at close' session starting from 3 June. The session will allow participants to execute orders at the closing price of a security.
Following an October 2017 public consultation, SGX has announced that a number of new rules on securities trading and market practices will take effect next month.
Two former representatives of Jefferies Singapore colluded to trade against their firm using privileged information, representing 'deceptive conduct' which contravenes the SFA.
The central bank has opted to use its national discretion in key areas in credit, market and operational risk management.
The regulator says it is engaging relevant stakeholders to ascertain the unique value that such virtual bank entrants could bring to Singapore's banking landscape.
CDP account opening can now be done online without paper documents, allowing for greater convenience, security and "a better experience" for retail investors.
The move allows SGX to eliminate the heavy-lifting typically involved in infrastructure setup, configuration and management, and instead focus on adding business value.
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