Monetary Authority of Singapore

AML / KYC

Anarchy in the UK’s Sanctions Regime

By Eric A. Sohn | 13/03/2019

In light of the OFSI’s recent fine on Raphaels Bank, Eric Sohn at Dow Jones Risk & Compliance looks at other seemingly outsized penalties, and what they could mean.

Big Picture

MAS’ Ravi Menon on Blockchain Misconceptions – Speech

By Manesh Samtani | 11/03/2019

In a recent speech, MAS managing director Ravi Menon shared his views on blockchain, common misconceptions and use-cases where the technology shows the most promise.

Market Infrastructure

MAS Enhances Guidelines on Technology Risk, Business Continuity

By Editors | 08/03/2019

Both guidelines under consultation continue to emphasise the importance of risk culture, and the roles of the board and senior managers in technology risk and business continuity management.

Fintech / Regtech

MAS Centralises Technology Functions to Drive Digital Transformation

By Editors | 07/03/2019

The MAS’ new Technology Group will centralise its technology capabilities and strengthen supervision of technology risks in the financial sector.

Market Infrastructure

Are We Ready for the Next Financial Crisis?

By Adrien Vanderlinden | 05/03/2019

DTCC’s Adrien Vanderlinden explores the biggest threats to financial stability 10 years after the financial crisis, and how Asia is responding to potential cyber-threats.

Market Infrastructure

EU, Singapore Agree to Mutually Recognise Derivatives Venues

By Editors | 21/02/2019

Singapore and EU-based firms will be able to trade derivatives on approved platforms based in either jurisdiction following proposed equivalence decisions by both regulators.

Securities / Derivatives

MAS Discusses Supervisory Toolkit for Fund Managers – Speech

By Manesh Samtani | 19/02/2019

MAS places emphasis on conduct and individual accountability in its supervisory approach, using data analytics to help identify unusual trends and flag outliers among fund managers.

MAS to Promote Good Governance Through New Committee

By Editors | 13/02/2019

MAS has announced the formation of a new industry-led advisory committee, the CGAC, which will identify corporate governance risks and work to improve Singapore’s CG Code.

Market Infrastructure

MAS Consults on Revisions to Banking Act

By Editors | 08/02/2019

Among the amendments are proposals to expand the grounds for which MAS can revoke a bank licence, and expanded circumstances for auditors to report on a bank’s financial soundness.