Monetary Authority of Singapore

Crypto / Digital Assets

MAS Grants Major Payment Institution License to OKX

By Nithya Subramanian | 03/09/2024

OKX also appointed a former MAS official as its Singapore CEO, saying the city-state is a core market for its global strategy.

Market Infrastructure

Deadline Fast Approaching for New Trade Reporting Rules in Australia and Singapore

By Manesh Samtani | 03/09/2024

DTCC, MAS and ASIC are calling on market participants to accelerate testing efforts to ensure readiness for new reporting rules that go live on 21 October.

Capital / Liquidity

MAS Seeking Data from Insurers on Reinsurance Arrangements

By Nithya Subramanian | 30/08/2024

Insurance companies have reportedly been asked to submit the terms and conditions of their reinsurance contracts to MAS.

Market Infrastructure

MAS Identifies Priority Areas for Equities Market Review Group

By Ranamita Chakraborty | 29/08/2024

The review group has identified the areas of focus for its two workstreams and pledged to announce recommendations in phases.

Crypto / Digital Assets

DBS Concludes Blockchain Pilot to Streamline Grant Disbursements

By Ranamita Chakraborty | 25/08/2024

The programmable grant disbursement pilot used smart contracts to automate and streamline grant disbursements by Enterprise Singapore.

ESG / Sustainability

Singapore, Philippines to Collaborate on Carbon Credits Partnership

By Ranamita Chakraborty | 23/08/2024

Singapore and the Philippines will form a working group to progress their cooperation to develop high-integrity carbon markets.

Enforcement

Singapore Considers Granting Police More Powers to Block Scams

By Nithya Subramanian | 23/08/2024

The police will be able to block banking transactions if there is “reasonable belief” that victims will transfer money to scammers.

ESG / Sustainability

Singapore Financial Industry Bodies Sign MOU on Skills Development

By Editors | 21/08/2024

Seven associations including IMAS and ABS signed an MOU with IBF and NTUC to promote the adoption of Financial Sector Job Transformation Maps.

Enforcement

MAS Imposes 9-Year Ban on Former OCBC Rep for Misconduct

By Nithya Subramanian | 20/08/2024

The former representative defrauded five OCBC customers by persuading them to sign up for fictitious time deposit accounts.