Monetary Authority of Singapore

    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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