Monetary Authority of Singapore

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    Cloud & Infrastructure

    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.

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    Reporting & Disclosures

    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.

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    Tokenisation

    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.

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    Anti-Money Laundering

    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.

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    CBDCs

    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.

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    Sustainable Finance

    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.

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    AI Risk & Governance

    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.

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    Sustainable Finance

    MAS, Temasek Trust Partner to Drive Fintech and Impact Investment

    By Editors | 16/11/2023

    MAS and Temasek Trust will explore the creation of a technology framework to facilitate collaborations between open technology-based platforms.

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    Stablecoins

    MAS Allows Three Firms to Issue Stablecoins

    By Nithya Subramanian | 16/11/2023

    The central bank is piloting the live issuance of wholesale CBDCs to instantaneously settle payments across commercial banks.

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    Tokenisation

    MAS Launches New Tokenisation Initiatives Under Project Guardian

    By Editors | 16/11/2023

    Five new industry pilots have been initiated. A new funds workstream and new digital infrastructure initiatives being launched.

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