Monetary Authority of Singapore

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    Enforcement

    MAS Issues Prohibition Order Against Ex-HSBC Banker for Disclosure Failure

    By Nithya Subramanian | 20/08/2024

    The former relationship manager failed to disclose to HSBC that he had been the subject of police investigations and criminal proceedings.

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    Fintech / Regtech

    Getting Your Ducks in a Row for APAC Rules Rewrites

    By Priya Kundamal | 19/08/2024

    DTCC’s Priya Kundamal discusses the lessons learned from markets that have implemented the first phase of changes to derivatives reporting rules.

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    Securities / Derivatives

    MAS Consults on Changes to Financial Statement Requirements for CIS

    By Nithya Subramanian | 16/08/2024

    MAS has proposed allowing authorised schemes to adopt SFRS (I) instead of RAP 7, while retaining certain critical disclosures within the CIS Code.

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    Fintech / Regtech

    MAS Partners with Banks and Tech Firms on Quantum Security

    By Nithya Subramanian | 15/08/2024

    MAS and participating banks will experiment with “Quantum Key Distribution” solutions to address the cybersecurity threats posed by quantum computing.

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    Crypto / Digital Assets

    DBS Pilots New Blockchain-Powered Treasury Management Platform

    By Nithya Subramanian | 14/08/2024

    DBS said Ant International will pilot the platform, reducing the time taken to settle cross-border intra-group transactions to seconds.

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    Securities / Derivatives

    MAS Publishes Compliance Toolkits for LFMCs and VCF Managers

    By Nithya Subramanian | 14/08/2024

    The compliance toolkits offer fund managers guidance on approvals, notifications and other regulatory submissions.

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    Crypto / Digital Assets

    MAS Grants MPI License to Crypto Custody Firm BitGo

    By Nithya Subramanian | 14/08/2024

    BitGo will be able to provide institutional clients with secure digital asset transactions through its insured cold storage custody platform.

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    Crypto / Digital Assets

    The Path Forward: Making Tokenisation a Reality in Singapore

    By Justin Christopher | 13/08/2024

    Justin Christopher discusses the importance of robust collaboration between businesses and regulators, and aspects of DLT that are often overlooked.

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    Crypto / Digital Assets

    Singapore Court Sentences Crypto CTO for Investment Scam

    By Ranamita Chakraborty | 09/08/2024

    Wang Xinghong developed a crypto mining app that allowed A&A Blockchain to input fake numbers to misrepresent investor returns.

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    MAS Pledges to Ensure Allianz-Income Deal Honours Existing Policies

    By Nithya Subramanian | 07/08/2024

    MAS will hold Income and Allianz accountable to their commitments to all policyholders and protect their interests, said Chee Hong Tat.

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