Monetary Authority of Singapore

Cryptocurrency

MAS Updates Consumer Protection Guidelines for Crypto Firms

By Nithya Subramanian | 26/09/2024

The updated guidelines reflect decisions set out by MAS in November 2023, focusing on consumer access, conflicts of interest and business conduct.

Cybersecurity

MAS Forms Panel of Cyber & Technology Resilience Experts

By Nithya Subramanian | 26/09/2024

The panel comprises 13 experts who will advise MAS on technology risks and threats facing the financial sector.

Resolution & Recovery

MAS Issues Draft Resolution Planning Guidelines for Insurers

By Editors | 26/09/2024

The proposed guidelines elaborate on the new recovery and resolution planning requirements which come into effect on 1 January 2025.

Market Abuse

MAS Imposes Five-Year Ban on Former Nech Capital Trader

By Mark Johnston | 25/09/2024

The former trader executed trades between Nech Capital’s accounts and those of his relatives, causing losses to his employer.

Payments & Settlements

MAS Suspends Qoo10 Payment Services Over Merchant Complaints

By Nithya Subramanian | 24/09/2024

MAS ordered the suspension after Qoo10 failed to demonstrate that it had the necessary resources to fulfill its payment obligations.

Reporting & Disclosures

SGX RegCo Mandates ISSB Aligned Climate Disclosures by 2025

By Nithya Subramanian | 23/09/2024

All listed companies will have to report Scope 1 and 2 emissions and incorporate the ISSB’s climate-related disclosure standards.

Fraud, Scams & Cybercrime

Singapore Banks to Roll Out Singpass Face Verification for Scam Protection

By Nithya Subramanian | 19/09/2024

MAS said that the feature will be rolled out over the next three months to strengthen digital token security and safeguard customers from scams.

Structural Regulation

SGX RegCo Reviews Corporate Query Regime to Reduce Frictions

By Nithya Subramanian | 19/09/2024

SGX RegCo adopts a three pillar approach to enhance the value of listed companies, but there have been calls for a more prescriptive approach.

Trading & Investment

Singapore Considers Measures to Better Position Equity Market

By Nithya Subramanian | 17/09/2024

MAS Deputy Chairman Chee Hong Tat, who chairs a review group established in August, outlines three main areas of focus to boost the equity market.