Monetary Authority of Singapore

    Market Infrastructure

    MAS Advisory Panel Offers Recommendations on Cybersecurity

    By Editors | 31/10/2021

    The Cyber Security Advisory Panel said security awareness and competency in the blockchain space are “not where they needed to be”.

    Fintech / Regtech

    Singapore Sees Launch of DLT-based Payment Platform, Partior

    By Editors | 27/10/2021

    With its genesis in MAS’ Project Ubin, Partior was founded by DBS, JPMorgan and Temasek last year seeking to disrupt the traditional cross-border payments model.

    ESG / Sustainability

    RBNZ Outlines Action Plan for Addressing Climate Risks

    By Sanday Chongo Kabange | 27/10/2021

    The RBNZ will develop a guidance note to support regulated entities in managing climate risks, focusing on physical, transition and liability risks.

    Market Infrastructure

    Deutsche Bank Launches FX Trading Infrastructure in Singapore

    By Editors | 27/10/2021

    The launch is in line with a MAS objective to develop Singapore into a regional FX trading hub. RBC Capital Markets and Nomura also plan similar launches later this year.

    Singapore Launches New Family Office Network, GFO Circle

    By Editors | 27/10/2021

    The GFO Circle is a “one-of-a-kind” public-private partnership to bring the family office industry together, said MAS executive director Ms Thong Leng Yeng.

    Market Infrastructure

    MAS Consults on Revisions to BCM Guidelines

    By Manesh Samtani | 23/10/2021

    The guidelines emphasise the need for FIs to take an end-to-end view in ensuring the continuous delivery of critical business services and functions.

    Enforcement

    MAS Proposes to Improve Fairness of Appeals Process

    By Manesh Samtani | 21/10/2021

    Proposed changes to the Appeals Regulations would allow appellants to review MAS’ reasons for a decision before filing their petition for appeal.

    MAS Tightens Monetary Policy Amid Inflation Concerns

    By Editors | 14/10/2021

    MAS will slightly raise the slope of the S$NEER policy band to ensure medium term price stability while recognising the risks to the economic recovery.

    AML / KYC

    Singapore: Exemptions for Foreign Offices of FIs Take Effect

    By Editors | 10/10/2021

    Under the new ‘Branch Framework’, Singapore FIs have to assess whether their overseas representatives are acting on behalf of the Singapore office or the foreign office.

    Fintech / Regtech

    BIS Partners with MAS, BOE, ISDA on Data & Analytics Platform

    By Manesh Samtani | 07/10/2021

    Project Ellipse explores the use of ISDA’s Common Domain Model to digitally extract, query and analyse large quantities of data in real-time for supervisory purposes.

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