Monetary Authority of Singapore

    Enforcement

    Goldman Banker Tim Leissner Banned for Life in Hong Kong

    By Editors | 04/07/2019

    Leissner’s conduct in relation to the Malaysian state fund 1MDB called into question his fitness and properness to be a licensed person, the SFC said.

    Fintech / Regtech

    Singapore Digital Banks to Disrupt Smaller Incumbents the Most

    By Editors | 04/07/2019

    Singapore’s big banks will be able to defend against new digital entrants, while small foreign-owned incumbents will face the greatest disruption risk, says Moody’s Investors Service.

    Securities / Derivatives

    MAS Proposes to Relax Requirements for Singapore REITs

    By Editors | 03/07/2019

    The consultation paper proposes to allow REITs to take on more leverage if they can demonstrate an ability to service their debt with regular income.

    Fintech / Regtech

    BIS ‘Innovation Hub’ to Set Up in Hong Kong, Singapore

    By Editors | 02/07/2019

    The BIS Innovation Hub will foster collaboration between central banks and, by extension, help the private sector fully realise ‘new economy’ opportunities.

    Fintech / Regtech

    Building Ethical AI into Banking Innovations

    By Scott Zoldi | 01/07/2019

    FICO’s chief analytics officer Scott Zoldi discusses his patent work aimed at achieving the explainability, transparency and auditability regulators demand of AI models.

    Market Infrastructure

    MAS Clarifies Regulatory Expectations on IAC Guidelines

    By Grace Chong | 01/07/2019

    Grace Chong at Simmons & Simmons JWS recapitulates the key points from MAS’ feedback to the first consultation on the IAC Guidelines, and charts the course ahead.

    Fintech / Regtech

    MAS to Issue Up to Five Digital Bank Licences

    By Editors | 01/07/2019

    The initiative effectively extends digital bank licences to non-bank players, as existing banking groups in Singapore already have a framework for setting up digital bank subsidiaries.

    Fintech / Regtech

    GFiN Publishes Report Reflecting on First Year of Work

    By Editors | 27/06/2019

    The Global Financial Innovation Network has published a report reflecting on its work  over the past year, and its ambitions for the future.

    Fintech / Regtech

    Singapore Banks Well-Equipped Against Fintech Threat: Moody’s

    By Garima Chitkara | 20/06/2019

    Singapore’s three largest banks are well placed to ward off threats to their market share by fintech firms, even as friendly regulatory policies encourage greater growth in the sector.

    Market Infrastructure

    Singapore, UK to Enhance Cooperation on Cyber Security

    By Editors | 14/06/2019

    Authorities in Singapore and the UK have agreed to enhance cooperation in cyber security, data connectivity, talent development and green finance.

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