Monetary Authority of Singapore

    Fintech / Regtech

    MAS Unveils Support Package to Bolster Financial Sector Capabilities

    By Editors | 08/04/2020

    The package includes training allowances, IBF course subsidies, salary support, digital acceleration grants, and free access to API Exchange.

    Capital / Liquidity

    MAS Relaxes Capital Rules, Defers Policy Implementation

    By Editors | 07/04/2020

    MAS has adjusted banks’ capital and liquidity requirements to help sustain their lending activities, while also deferring a host of regulatory initiatives until further notice.

    Fintech / Regtech

    In-Depth: Making Sense of Digital Bank Policy

    By Jamie Lloyd Evans | 07/04/2020

    Industry veteran Jamie Lloyd Evans takes a detailed look at digital banking regimes in Asia, and the stated – and unstated – motivations behind them.

    Capital / Liquidity

    Singapore Govt to Increase Risk Share on SME Loans

    By Editors | 06/04/2020

    The government will increase its risk share of loans made under existing loan financing schemes from 80% to 90%, for loans initiated from 8 Apr until 31 Mar 2021.

    AML / KYC

    The Four e-KYC Models Around the World

    By Claus Christensen | 05/04/2020

    Claus Christensen at Know Your Customer Ltd identifies four e-KYC models in use across the world, but says that harmonisation and consolidation of these schemes is likely.

    Securities / Derivatives

    MAS, ACRA, SGX RegCo Update Guidance on Meeting Conduct

    By Editors | 01/04/2020

    Guidance is provided on holding general meetings in light of the current 10-person limit on attendance of any event in Singapore.

    Market Infrastructure

    Fed Establishes Repo Facility to Ease USD Funding Stress

    By Editors | 31/03/2020

    Foreign central banks can temporarily exchange their US Treasury holdings with the Fed for US dollars, which can then be made available to institutions in their own jurisdictions.

    MAS Unveils Debt Relief Measures for Individuals, SMEs

    By Editors | 31/03/2020

    Mortgage loans and SME term loans can be deferred. Credit card balances can be converted to low-cost term loans. Insurance payments can be deferred or rescheduled.

    Capital / Liquidity

    Covid-19 Puts Financial Regulation Under Stress

    By Peter Guy | 30/03/2020

    Business continuity plans, social distancing measures, economic stimulus and liquidity constraints are hindering banks’ abilities to stay consistent with regulators’ expectations, says Peter Guy.

    Market Infrastructure

    MAS Eases SGD Policy Amid Negative Growth Expectations

    By Editors | 30/03/2020

    MAS projects the ongoing wave of Covid-19 outbreaks will continue to dampen global growth beyond the first half of the year.

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