MAS executive director also speaks about variable capital structure framework for investment funds slated for implementation in 2018.
The guidelines set standards on financial institutions providing e-payment services and their users.
AxiomSL-led initative will define open taxonomy and standardise interpretations for the revised MAS 610 reporting mandate.
Monetary Authority of Singapore says technology-based customer due diligence could increase the quality of risk management for financial institutions.
Link to be operational by year-end; will enable cross-border trading, clearing, settlement of shares between SGX and Bursa Malaysia.
Majority of respondents expect to follow multi-asset strategy in response to political pressures; managers also concerned about fintech disruption and compliance costs.
Mok Piak Liang convicted of manipulating share price to push up value of stock pledged to margin account and avoid having to top-up account by other means.
Regulator says money changers, remittance firms don’t need pre-approval for video-onboarding and other tech, but must have non-face-to-face procedures audited.
The country will automatically exchange tax information from January 2017 with 61 countries under the OECD’s Common Reporting Standards.
Ripple chief says technology can speed up cross-border transactions from days to second, save banks trillions in collateral held against settlement risks.
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