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Market Infrastructure
MAS Proposes Payment Services Regulations for Consultation
By Manesh Samtani | 11/04/2019
To effect the objectives of the Payment Services Act passed in January, MAS intends to prescribe new regulations for payment services licensees and significant payment systems.
Enforcement
MAS Bans Former HSBC, UOB Employees for ‘Egregious’ Misconduct
By Editors | 11/04/2019
Three individuals have received lengthy bans, in addition to jail terms, for “criminal conduct at the expense of their customers”.
Market Infrastructure
The Impact of Culture and Conduct – Industry’s Biggest Blind Spot
By Prasanna Venkatesan | 09/04/2019
Looking beyond regulations aimed at cultural reform, Synpulse’s Prasanna Venkatesan discusses how conduct and culture can be operationalised, measured and managed in private banking.
AML / KYC
Artificial Intelligence – the Ultimate Weapon to Fight Financial Crime
By Karl Seagrave | 03/04/2019
Getting buy-in from senior management is one of the biggest hurdles to adopting AI in the fight against financial crime, says Fenergo’s Karl Seagrave.
Market Infrastructure
EU, Singapore Adopt Decision to Mutually Recognise Derivatives Venues
By Editors | 01/04/2019
The European Commission recognises Singapore trading venues as MiFIR-compliant; MAS has exempted EU trading facilities from its markets licensing requirements.
Market Infrastructure
The MAS Approach to Cultivating Ethical Culture in Banking
By Manesh Samtani | 29/03/2019
MAS emphasises incentive structures as the key to driving ethical behaviour and encourages banks to adopt good practices highlighted in a new information paper.
Enforcement
Singapore Charges Three for Spoofing Index Futures
By Editors | 28/03/2019
In a MAS-CAD joint investigation, three individuals are being charged for allegedly spoofing SGX-MSCI index futures and giving false statements to SGX.
AML / KYC
MAS Details Enforcement Outcomes, Priorities in Inaugural Report
By Manesh Samtani | 20/03/2019
The inaugural enforcement report reveals that MAS issued S$16.8mn in financial penalties and S$698,000 in civil penalties over 18 months.
Market Infrastructure
MAS Publishes Finalised Mandatory Trading Regulations for Derivatives
By Kai Loon Loh | 19/03/2019
Kai Loon Loh and Patrick Phua at global law firm Ashurst sum up the key takeaways from the MAS response to consultative feedback and the now-finalised mandatory trading regulations.
Market Infrastructure
For Cybersecurity Best Practice, Look to the Finance Industry
By Pieter Danhieux | 14/03/2019
Security expert Pieter Danhieux discusses how firms can improve culture, training programmes and coding practices, to help the financial industry maintain leadership in cybersecurity.
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