Monetary Authority of Singapore

Cybersecurity

Singapore, UK to Enhance Cooperation on Cyber Security

By Editors | 14/06/2019

Authorities in Singapore and the UK have agreed to enhance cooperation in cyber security, data connectivity, talent development and green finance.

Conduct, Culture & Accountability

Practical Steps for Compliance with MAS’ IAC Guidelines

By Grace Chong | 14/06/2019

Grace Chong at global law firm Simmons & Simmons analyses the implications of MAS’ Individual Accountability and Conduct Guidelines, and sets out the practical steps to be taken.

Payments & Settlements

MAS: Remittance Firms Forbidden from Making Loans

By Editors | 13/06/2019

Remittance firms will be prohibited from issuing advances to individuals starting September this year, ahead of the Payment Services Act entering into force.

Conduct, Culture & Accountability

Singapore: Progressing the Culture and Conduct Risk Agenda

By Jeffrey Kupfer | 13/06/2019

MAS is equipping itself with advanced tools that will allow for culture and conduct to be evaluated in a more systematic way, say Jeff Kupfer and Stephen Scott at Starling.

Trading & Investment

Singapore Bourse Pushes into Foreign Exchange Market

By Manesh Samtani | 12/06/2019

SGX wants to reduce its reliance on equity index derivatives by aggressively pushing into the FX markets over the next five years.

Conduct, Culture & Accountability

MAS Proposes Increased Scope for Accountability, Conduct Guidelines

By Garima Chitkara | 07/06/2019

MAS proposes to apply its 2018 accountability and conduct guidelines to a wider range of financial institutions, including fund managers, trade repositories and benchmark administrators.

Anti-Money Laundering

MAS Consults on AML/CFT Notices for Payment Services

By Manesh Samtani | 07/06/2019

The first Notice covers account issuance, money transfers and money changing services. The second Notice sets out a separate framework for digital payment tokens.

Conduct, Culture & Accountability

Finance Should be a Force for Good: MAS

By Garima Chitkara | 05/06/2019

Financial institutions need to build trust, inclusivity and sustainability in order to be a force for good, MAS managing director Ravi Menon said in a speech on Monday.

Market Abuse

MAS Penalises Singapore National in LSE Insider Trading Case

By Editors | 05/06/2019

The penalty was the result of close cooperation and information sharing between MAS and the UK FCA, which had referred the case and provided investigative assistance.