Monetary Authority of Singapore

AI Risk & Governance

Suptech Gains Momentum but Approaches Vary: FSI Paper

By Editors | 23/10/2019

Suptech use cases have mainly clustered around misconduct analysis, reporting and data management, according a new paper from the BIS Financial Stability Institute.

Supervision & Enforcement

MAS, CBIRC Enhance Cross-Border Supervisory Cooperation

By Editors | 22/10/2019

The MOU will enhance supervisory cooperation and facilitate information exchange between the two regulators in the areas of banking and insurance supervision and crisis management.

Trading & Investment

Singapore Banks Gain Access to China Interbank Bond Market

By Editors | 17/10/2019

The PBOC will allow designated Singapore banks to offer trading and custody services for China’s bond market, starting with DBS.

Anti-Money Laundering

Technology Offers New Means to Fight Financial Crime: MAS

By Manesh Samtani | 17/10/2019

At the ICA’s 2nd Annual APAC Conference this week, MAS assistant managing director Loo Siew Yee talked about the new techniques being used to improve AML/CFT detection and risk mitigation.

Clearing & Post-Trade

FSB Reports on OTC Derivatives Reform Progress

By Editors | 16/10/2019

Comprehensive trade reporting requirements are in force in 23 of 24 FSB member jurisdictions, and authorities are increasingly making use of trade repository data.

Fraud, Scams & Cybercrime

MAS Bars Four Individuals for Fraudulent, Dishonest Conduct

By Editors | 14/10/2019

The former representatives from Great Eastern Life, Prudential and UOB abused the trust clients placed in them and enriched themselves at the expense of clients, MAS said.

Cybersecurity

Navigating Regulation for Singapore’s Banking 4.0

By Wissam Khoury | 11/10/2019

Singapore banking sector players are tasked with finding a balance between open innovation and regulatory compliance, says Finastra’s Wissam Khoury.

Market Abuse

Two Singaporeans Jailed for Spoofing Derivatives Market

By Editors | 08/10/2019

Two former directors of proprietary trading company Joerik Financial were jailed for fraud and dishonest conduct in relation to the trading of futures contracts.

Cybersecurity

Singapore FIs Need Stronger Cyber Risk Culture: MAS CSAP

By Editors | 01/10/2019

CSAP members cite poor risk culture as a frequent contributing factor during cyber incidents, highlighting that clear expectations must be set at the board and senior management level.