Monetary Authority of Singapore

ESG / Sustainability

A Detailed Look at MAS’ Environmental Risk Management Guidelines

By Grace Chong | 29/06/2020

Grace Chong at global law firm Simmons & Simmons JWS analyses the key points of MAS’ proposed Guidelines on Environmental Risk Management, and sets out the key practical steps to be taken.

ESG / Sustainability

MAS Consults on Environmental Risk Management Guidelines for FIs

By Manesh Samtani | 25/06/2020

The guidelines set out MAS’ supervisory expectations for banks, insurers and asset managers in their governance, risk management, and disclosure of environmental risk.

Fintech / Regtech

MAS Seeks Cooperation with China on Green Finance

By Editors | 23/06/2020

MAS managing director Ravi Menon suggests that China and Singapore work together to create frameworks for green and sustainability-linked loans, customised for Chinese and Singaporean SMEs.

Fintech / Regtech

MAS: 14 of 21 Digital Bank Applicants Assessed as ‘Eligible’

By Editors | 18/06/2020

These applicants assessed as eligible will progress to the next stage of assessment, where they will be invited to present their proposals via virtual meetings.

MAS Issues Directions on Safe Re-opening of Financial Sector

By Editors | 16/06/2020

Although access to in-person services will expand, MAS “strongly encourages” FIs and their customers to continue using digital financial services and e-payments as much as possible.

Market Infrastructure

MAS’ Menon Warns of Looming Debt Risks, Ratings Downgrades

By Manesh Samtani | 11/06/2020

If Covid-19 is not contained, debt will accumulate and credit risks will mount, leading to ratings downgrades which will exacerbate existing stresses and cause asset sell-offs.

Fintech / Regtech

SFA Launches Self-assessment Framework, Toolkit for FinTechs

By Manesh Samtani | 10/06/2020

The framework and toolkit allow FinTechs to benchmark themselves against minimum standards on outsourcing, technology risk, and cyber hygiene, helping to fast-track onboarding with FIs.

Fintech / Regtech

MAS Launches Global FinTech Innovation Challenge

By Editors | 08/06/2020

The competition will seek innovative solutions that can help financial institutions respond to two critical global challenges: Covid-19 and climate change.

Market Infrastructure

BNY, Deutsche to Set Up FX Trading Infrastructure in Singapore

By Editors | 08/06/2020

Seven major firms have already set up FX pricing and matching engines in Singapore, the result of a MAS initiative to lower routing latencies in the city-state.