Monetary Authority of Singapore

Tokenisation

BondbloX Opens Fractional Bond Trading Platform to Individual Investors

By Editors | 31/10/2023

Until now, only accredited and institutional investors have been allowed to access the BondbloX Bond Exchange platform.

Cybersecurity

MAS Unveils Proposals to Tackle Mobile Malware and AI Threats

By Editors | 31/10/2023

As financial institutions increasingly turn to GenAI to refine their operations, the  CSAP underscored the urgency of strengthening cyber defences.

Tokenisation

MAS Establishes Project Guardian Policymaker Group

By Editors | 30/10/2023

MAS will work with Japan’s FSA, the UK’s FCA and Switzerland’s FINMA to advance the development of tokenised digital assets.

Fraud, Scams & Cybercrime

MAS, IMDA Propose Loss Sharing Framework for Phishing Scams

By Manesh Samtani | 25/10/2023

The framework assigns FIs and telcos duties to mitigate phishing scams, requiring them to bear full losses where these duties are breached.

Structural Regulation

MAS to Streamline Regulatory Regime for Fund Managers

By Editors | 24/10/2023

The RFMCs regime will be repealed. Existing RFMCs will transition to become Licensed Fund Management Companies instead.

Sustainable Finance

Financial Viability Biggest Challenge in Coal Phase-Out: SIEW Panel

By Ranamita Chakraborty | 24/10/2023

Collaboration and transition credits could be key in addressing the financial viability of coal phase-out, said panellists at the Singapore International Energy Week Summit.

Operational Risk

Singapore’s DBS Experiences Digital Payment Service Disruption

By Editors | 21/10/2023

The 20 October disruption to the bank’s PayLah service came less than a week after a weekend outage that lasted more than 12 hours.

Conduct, Culture & Accountability

MAS Bans Former AXA and Aviva Financial Advisers

By Editors | 20/10/2023

The former advisers were banned for allowing unlicensed individuals to perform financial advisory services on their behalf.

Payments & Settlements

India to Add More Banks to Singapore Payments Linkage – Report

By Sanday Chongo Kabange | 19/10/2023

India and Singapore are planning to expand the number of Indian banks participating in the PayNow-UPI linkage launched in February.