Monetary Authority of Singapore

Capital / Liquidity

MAS Finalises New Notice for FHCs With Insurance Subsidiaries

By Editors | 19/11/2023

The new notice covers requirements on capital adequacy, valuation of assets, and policy liabilities in respect of life business and general business.

Market Infrastructure

MAS Launches Payment Linkages with Malaysia, Indonesia

By Editors | 19/11/2023

The payment links are described as “significant milestones” to enable faster and cheaper cross-border payments and promote greater regional economic integration.

Big Picture

Regulatory Intervention Needed to Address Cloud Adoption Risks: BIS Paper

By Manesh Samtani | 18/11/2023

Indirect oversight of CSPs, i.e. requiring financial firms to manage the risks, “may not be sufficient from a systemic perspective”, the paper says.

ESG / Sustainability

MAS Launches Digital Platform to Streamline ESG Reporting

By Editors | 17/11/2023

The new platform will consolidate and synergise all of Project Greenprint’s existing utilities and help companies automate their ESG reporting process.

Crypto / Digital Assets

Philippines Set to Issue Maiden Tokenised Treasury Bonds

By Mark Johnston | 17/11/2023

The Philippines will issue the country’s first tokenised treasury bonds next week, available in PHP 10 million denominations.

AML / KYC

MAS Issues Draft Requirements for Data Sharing Through COSMIC

By Manesh Samtani | 17/11/2023

The requirements cover the internal policies FIs must put in place to share information through COSMIC, and the appropriate use and safeguarding of information received.

Crypto / Digital Assets

MAS Unveils Digital Money Blueprint, Plans for Wholesale CBDC

By Manesh Samtani | 16/11/2023

Four new digital money trials will commence with industry players, and MAS will pilot the “live” issuance of wholesale CBDCs for the first time next year.

Fintech / Regtech

IFC, MAS, WEF Partner to Advance Digital Financial Inclusion

By Mark Johnston | 16/11/2023

The partnership will create and promote new financing instruments to promote digital financial inclusion in emerging and developing markets.

Fintech / Regtech

MAS-Backed Consortium Develops GenAI Risk Framework

By Editors | 16/11/2023

The risk framework will enable FIs to use GenAI in a responsible manner, including by leveraging illustrative use cases to better understand its impacts.