Monetary Authority of Singapore

    Trading & Investment

    MAS Seeks to Strengthen Singapore as a Global Hub for FX Trading

    By Editors | 26/04/2019

    MAS has reportedly been encouraging major FX players to build their systems, trading engines and data centres locally to reduce latencies from routing trades through other FX hubs.

    Cloud & Infrastructure

    Technology to ‘Transform’ a Third of Singapore Finance Jobs – Study

    By Editors | 24/04/2019

    The main effect of technology will be to “transform” jobs in the financial industry, rather than create or destroy them, says an EY study commissioned by MAS and IBF.

    Climate Risk

    Central Banks Call for Collective Action to Mitigate Climate Risks

    By Editors | 23/04/2019

    The Central Banks and Supervisors ‘Network for Greening the Financial System’ has published a report providing recommendations to mitigate climate-related financial risks.

    Anti-Money Laundering

    Delayering AML – Ideal Test Field for Innovative Technologies

    By Prasanna Venkatesan | 22/04/2019

    AML/CFT is an ideal test field for new technologies given the risk factors and complex challenges Asian banks face, says Synpulse’s Prasanna Venkatesan.

    Payments & Settlements

    MAS Proposes Payment Services Regulations for Consultation

    By Manesh Samtani | 11/04/2019

    To effect the objectives of the Payment Services Act passed in January, MAS intends to prescribe new regulations for payment services licensees and significant payment systems.

    Fraud, Scams & Cybercrime

    MAS Bans Former HSBC, UOB Employees for ‘Egregious’ Misconduct

    By Editors | 11/04/2019

    Three individuals have received lengthy bans, in addition to jail terms, for “criminal conduct at the expense of their customers”.

    Conduct, Culture & Accountability

    The Impact of Culture and Conduct – Industry’s Biggest Blind Spot

    By Prasanna Venkatesan | 09/04/2019

    Looking beyond regulations aimed at cultural reform, Synpulse’s Prasanna Venkatesan discusses how conduct and culture can be operationalised, measured and managed in private banking.

    Anti-Money Laundering

    Artificial Intelligence – the Ultimate Weapon to Fight Financial Crime

    By Karl Seagrave | 03/04/2019

    Getting buy-in from senior management is one of the biggest hurdles to adopting AI in the fight against financial crime, says Fenergo’s Karl Seagrave.

    Structural Regulation

    EU, Singapore Adopt Decision to Mutually Recognise Derivatives Venues

    By Editors | 01/04/2019

    The European Commission recognises Singapore trading venues as MiFIR-compliant; MAS has exempted EU trading facilities from its markets licensing requirements.

    Conduct, Culture & Accountability

    The MAS Approach to Cultivating Ethical Culture in Banking

    By Manesh Samtani | 29/03/2019

    MAS emphasises incentive structures as the key to driving ethical behaviour and encourages banks to adopt good practices highlighted in a new information paper.

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