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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.
Fintech / Regtech
MAS Proposes New Requirements for Banks’ Outsourced Functions
By Editors | 08/02/2019
The proposals will expand MAS’ powers to impose requirements on banks’ and merchant banks’ outsourcing arrangements, regardless of where outsourced functions are performed.
Fintech / Regtech
Global Innovation Sandbox Opens for Cross Border Testing
By Editors | 04/02/2019
The GFIN’s 29 members include the HKMA, SFC, MAS and ASIC. Applications are now open for firms looking to test innovative cross border financial services.
Market Infrastructure
MAS Extends Deadline to Implement E-payments User Protection Guidelines
By Editors | 01/02/2019
The MAS is allowing an extra six months for compliance with its e-payments user protection guidelines, following requests from banks for more time to implement system changes.
Market Infrastructure
Singapore Parliament Passes Payment Services Act
By Editors | 15/01/2019
The law represents a framework to streamline payment services regulation in Singapore under a single legislation and bring payment activities under the remit of the MAS.
Securities / Derivatives
MAS Announces Grant to Support Stock Listings, Equity Research
By Editors | 15/01/2019
The Grant for Equity Market Singapore, or GEMS, will launch in February, offering funding to facilitate SGX listings and develop the local equity research ecosystem.
Fintech / Regtech
Singapore Banking Union Opens to Broader Financial Industry
By Editors | 14/01/2019
The newly renamed Banking and Financial Services Union aims to help professionals stay relevant and competitive amid technological advancement and industry changes.
Market Infrastructure
BIS Issues Report on Central Bank Digital Currencies
By Editors | 10/01/2019
Only one of 63 central bank respondents has said it is very likely to issue a central bank digital currency in the next six years.
Fintech / Regtech
Regulatory Reporting Pressure in APAC: A 2019 View
By Wouter Delbaere | 09/01/2019
In the year ahead, banks will have to focus on seamless data integration and regtech adoption to cope with increasingly complex regulatory reporting requirements, says Wolters Kluwer’s Wouter Delbaere.
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