Monetary Authority of Singapore

Conduct, Culture & Accountability

SGX Reprimands RHT Capital for Breaching Sponsor Obligations

By Editors | 14/12/2024

RHT Capital failed to advise Y Ventures to promptly disclose that its financial statements contained material errors that were false and misleading

AI Risk & Governance

MAS Issues Information Paper on AI Model Risk Management

By Nithya Subramanian | 06/12/2024

The paper sets out good practices for managing risks associated with AI, including GenAI, based on a thematic review of banks’ practices.

Payments & Settlements

MAS Extends Deadline to Cease Corporate Cheque Processing

By Nithya Subramanian | 05/12/2024

MAS also launched a consultation paper proposing a roadmap to sunset corporate cheques and a transition plan for retail cheques.

Reporting & Disclosures

MAS Issues Guidance for ESG Funds on Good Disclosure Practices

By Nithya Subramanian | 05/12/2024

The information paper aims to promote clear disclosures to help retail investors understand the key features and risks of ESG funds.

Sustainable Finance

Australia Pledges Investments under Singapore’s FAST-P Initiative

By Nithya Subramanian | 04/12/2024

The Australian government’s first investment will support clean energy and sustainable infrastructure projects across Southeast Asia.

Market Abuse

MAS Fines JPMorgan Over Misconduct by Relationship Managers

By Nithya Subramanian | 03/12/2024

JPMorgan relationship managers misrepresented the price components in OTC bond transactions and overcharged clients.

Capital Adequacy

MAS Finalises New Leverage, Disclosure Requirements for REITs

By Nithya Subramanian | 29/11/2024

A minimum interest coverage ratio of 1.5 times and a 50 percent aggregate leverage cap apply to all REITs with immediate effect.

Capital Adequacy

MAS: Singapore Banks Show Resilience to Global Risks

By Nithya Subramanian | 28/11/2024

Singapore banks still met the minimum capital and liquidity requirements in the Adverse scenario of the industry-wide stress test.

Capital Adequacy

MAS Revises Notice 637 on Risk-based Capital Adequacy

By Editors | 28/11/2024

MAS updated Notice 637, which sets out risk-based capital adequacy requirements for locally-incorporated banks.