Monetary Authority of Singapore

Market Infrastructure

MAS Shelves ‘KYC Utility’ Project as Costs Surpass Expectations

By Editors | 15/10/2018

The setup cost of the KYC utility exceeds the savings banks would be able to achieve, MAS managing director Ravi Menon told Bloomberg.

AML / KYC

Europe’s AMLD5 and its Impact on AML Regulations in Asia

By Claus Christensen | 15/10/2018

While AMLD5 confirms the EU’s leadership role in AML legislation, similar efforts have been seen in Asia, says Claus Christensen at Know Your Customer Ltd.

AML / KYC

MAS to Help Crypto Firms Access Banking Services – Report

By Manesh Samtani | 11/10/2018

Ravi Menon told Bloomberg that MAS is trying to bring banks and crypto startups together to see if an understanding can be reached.

Fintech / Regtech

MAS Issues Guidelines on Provision of Robo-Advisory Services

By Editors | 09/10/2018

Guidelines allow digital advisers to pass client orders to brokerage firms for execution without the need for an additional capital markets services licence.

Market Infrastructure

Hong Kong, Singapore Gear Up Reform in Asset Management Sector

By Manesh Samtani | 04/10/2018

Remi Toucheboeuf at BNP Paribas Securities Services sat down with Regulation Asia to talk about new opportunities for fund managers in Hong Kong and Singapore.

Market Infrastructure

MAS Cyber Security Panel Highlights Risks from Emerging Tech

By Manesh Samtani | 03/10/2018

Cybersecurity experts on the panel discussed the growing adoption by financial institutions of new technologies such as cloud services and open APIs.

Market Infrastructure

Singapore Passes Bill Enabling New VCC Fund Structure

By Manesh Samtani | 03/10/2018

The Variable Capital Company structure is aimed at boosting Singapore’s status as an full-service international fund management centre.

Market Infrastructure

MAS Goes Live with Reporting Requirement for OTC Commodity, Equity Trades

By Manesh Samtani | 02/10/2018

Firms must report OTC derivatives transactions in commodities and equities to a licensed trade repository; DTCC welcomes the MAS’ move to improve transparency and reduce risk.

Market Infrastructure

MAS Publishes User Protection Guidelines for E-Payments

By Manesh Samtani | 01/10/2018

The guidelines establish a common baseline protection from losses arising from isolated unauthorised or erroneous electronic payment transactions.