Singapore

Market Infrastructure

MAS Enhances Guidelines on Technology Risk, Business Continuity

By Editors | 08/03/2019

Both guidelines under consultation continue to emphasise the importance of risk culture, and the roles of the board and senior managers in technology risk and business continuity management.

Fintech / Regtech

MAS Centralises Technology Functions to Drive Digital Transformation

By Editors | 07/03/2019

The MAS’ new Technology Group will centralise its technology capabilities and strengthen supervision of technology risks in the financial sector.

Fintech / Regtech

IMAS Launches Accelerator Programme for Asset Management Industry

By Editors | 01/03/2019

The Digital Accelerator Programme will allow fintech startups to work with professional mentors from asset management firms to create viable solutions for industry challenges.

Capital / Liquidity

UOB, OCBC, DBS to Face Challenging Year Ahead – Moody’s

By Editors | 26/02/2019

Singapore’s three largest banks will face greater asset risks and stagnation of net interest margins in 2019, making it a difficult year ahead for profitability, according to Moody’s Investors Service.

Market Infrastructure

EU, Singapore Agree to Mutually Recognise Derivatives Venues

By Editors | 21/02/2019

Singapore and EU-based firms will be able to trade derivatives on approved platforms based in either jurisdiction following proposed equivalence decisions by both regulators.

Securities / Derivatives

MAS Discusses Supervisory Toolkit for Fund Managers – Speech

By Manesh Samtani | 19/02/2019

MAS places emphasis on conduct and individual accountability in its supervisory approach, using data analytics to help identify unusual trends and flag outliers among fund managers.

MAS to Promote Good Governance Through New Committee

By Editors | 13/02/2019

MAS has announced the formation of a new industry-led advisory committee, the CGAC, which will identify corporate governance risks and work to improve Singapore’s CG Code.

Market Infrastructure

MAS Consults on Revisions to Banking Act

By Editors | 08/02/2019

Among the amendments are proposals to expand the grounds for which MAS can revoke a bank licence, and expanded circumstances for auditors to report on a bank’s financial soundness.

Fintech / Regtech

MAS Proposes New Requirements for Banks’ Outsourced Functions

By Editors | 08/02/2019

The proposals will expand MAS’ powers to impose requirements on banks’ and merchant banks’ outsourcing arrangements, regardless of where outsourced functions are performed.