Monetary Authority of Singapore

Cloud & Infrastructure

Regulatory Reporting: An Approach for Smaller Banks

By Irene Liu | 25/09/2019

Banks are starting to gain real business value from investments into better data governance and architecture, say Irene Liu, David Yakowitz and Catherine Lee at PwC.

Structural Regulation

ISDA Issues Guidance on Executing Trades on Recognised Venues

By Editors | 23/09/2019

The guides describe how cross-border trading will work following the CFTC-MAS, CFTC-FSA and EC-MAS agreements on mutual recognition of derivatives trading venues.

Trade Based Money Laundering

Singapore: New Platform Targets AML Risks in Trade Finance

By Editors | 09/09/2019

The new electronic platform enables banks to obtain and reference data derived from trade permits issued by Singapore Customs to augment their trade finance compliance checks.

Payments & Settlements

Singapore Streamlines Payment Firms’ Access to Legal Services

By Editors | 09/09/2019

The initiative will help connect the payments industry with specialist law firms through a streamlined process to help them comply with the new Payment Services Act.

Cloud & Infrastructure

MAS Proposes New Format for Reporting Financial Advisor Complaints

By Editors | 05/09/2019

Collecting data in a machine-readable format will increase efficiency by removing the need for manual processes and reducing the risk of human errors, MAS says in a consultation paper.

Structural Regulation

Singapore Takes Steps to Transition Away from SOR

By Editors | 02/09/2019

Singapore’s banking body and foreign exchange market committee have identified SORA as “the most robust and suitable” alternative interest rate benchmark to SOR.

Structural Regulation

MAS Opens Applications for Digital Bank Licences

By Editors | 30/08/2019

Successful applicants will be announced in mid-2020, with the expectation that they meet MAS requirements and commence business by mid-2021.

Data Privacy

Uncovering the Terms and Conditions for Technology

By Max Kantelia | 27/08/2019

Legislators and industry leaders need to work together to ensure the benefits of innovation do not come at the cost of fairness, choice, and privacy, says Zilliqa co-founder Max Kantelia.

Credit Risk

MAS Offers Banks Guidance on Managing Loan Collateral

By Editors | 24/08/2019

In a review of collateral management standards and practices banks use when lending to corporates, MAS has identified four key areas that need improvement.