Monetary Authority of Singapore

Trading & Investment

MAS Unveils Initiatives to Open Access to China ETFs, Bonds

By Editors | 29/12/2021

SGX and SZSE have signed an MoU to establish an ‘ETF Connect’ mechanism. SGX is also in discussions with CFETS to establish bond market connectivity.

Payments & Settlements

Singapore, Shanghai Bolster Collaboration in Finance, Innovation

By Darien Choong | 22/12/2021

A public private sector workgroup was established by MAS and the Shanghai Municipal Financial Regulatory Bureau to deepen bilateral financial cooperation and connectivity.

Market Abuse

Hong Kong, Singapore Authorities Arrest 10 in Joint Operation

By Manesh Samtani | 16/12/2021

Six senior executives of Hong Kong listed companies were among those arrested, for operating a cross-border pump-and-dump manipulation scheme.

Cryptocurrency

Binance Withdraws DPT Licence Application in Singapore

By Mark Johnston | 15/12/2021

Binance’s recent investment in Hg Exchange rendered its licensing application “somewhat redundant”, CEO Changpeng Zhao said.

Conduct, Culture & Accountability

MAS to Raise Corporate Finance Due Diligence Standards

By Editors | 15/12/2021

The new rules will require corporate finance advisers to establish a governance framework for due diligence which includes ensuring the veracity of information obtained.

Operational Risk

BIS Paper Says Suptech Tools Could Diminish Supervisory Judgment

By Manesh Samtani | 12/12/2021

The increasing use of suptech tools may diminish supervisory judgment, which could lead to “supervisory blind spots” and a “broader loss of institutional knowledge”.

Cloud & Infrastructure

Vizor Recognised for Regulatory Reporting Initiatives in APAC

By Editors | 10/12/2021

Vizor by Regnology worked with key APAC regulators to implement new data collection platforms and has a new regulatory reporting solution for FIs.

Credit Risk

MAS Urges Continued Prudence as Covid Uncertainties Linger

By Editors | 06/12/2021

The potential for further credit quality deterioration remains, especially if downside risks from the pandemic materialise and cause prolonged disruptions to economic activity.

Cryptocurrency

MAS Grants Fourth Digital Payment Token Licence

By Editors | 30/11/2021

Crypto payments firm TripleA is the fourth company to receive a DPT licence in Singapore after FOMO Pay, DBS Vickers and Independent Reserve.