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Market Infrastructure
MAS, CBIRC Enhance Cross-Border Supervisory Cooperation
By Editors | 22/10/2019
The MOU will enhance supervisory cooperation and facilitate information exchange between the two regulators in the areas of banking and insurance supervision and crisis management.
Market Infrastructure
Singapore Banks Gain Access to China Interbank Bond Market
By Editors | 17/10/2019
The PBOC will allow designated Singapore banks to offer trading and custody services for China’s bond market, starting with DBS.
AML / KYC
Technology Offers New Means to Fight Financial Crime: MAS
By Manesh Samtani | 17/10/2019
At the ICA’s 2nd Annual APAC Conference this week, MAS assistant managing director Loo Siew Yee talked about the new techniques being used to improve AML/CFT detection and risk mitigation.
Market Infrastructure
FSB Reports on OTC Derivatives Reform Progress
By Editors | 16/10/2019
Comprehensive trade reporting requirements are in force in 23 of 24 FSB member jurisdictions, and authorities are increasingly making use of trade repository data.
Enforcement
MAS Bars Four Individuals for Fraudulent, Dishonest Conduct
By Editors | 14/10/2019
The former representatives from Great Eastern Life, Prudential and UOB abused the trust clients placed in them and enriched themselves at the expense of clients, MAS said.
Fintech / Regtech
Navigating Regulation for Singapore’s Banking 4.0
By Wissam Khoury | 11/10/2019
Singapore banking sector players are tasked with finding a balance between open innovation and regulatory compliance, says Finastra’s Wissam Khoury.
Enforcement
Two Singaporeans Jailed for Spoofing Derivatives Market
By Editors | 08/10/2019
Two former directors of proprietary trading company Joerik Financial were jailed for fraud and dishonest conduct in relation to the trading of futures contracts.
Market Infrastructure
Singapore FIs Need Stronger Cyber Risk Culture: MAS CSAP
By Editors | 01/10/2019
CSAP members cite poor risk culture as a frequent contributing factor during cyber incidents, highlighting that clear expectations must be set at the board and senior management level.
Market Infrastructure
Singapore Unveils New Framework for Upskilling Financial Sector
By Editors | 30/09/2019
The IBF, MAS, SkillsFuture and Workforce Singapore jointly developed the framework to help finance industry professionals upgrade their skills and remain relevant.
Fintech / Regtech
Regulatory Reporting: An Approach for Smaller Banks
By Irene Liu | 25/09/2019
Banks are starting to gain real business value from investments into better data governance and architecture, say Irene Liu, David Yakowitz and Catherine Lee at PwC.
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