MONETARY AUTHORITY OF SINGAPORE

Fintech / Regtech

Asian Central Banks to Jointly Establish Multilateral Payments Scheme

By Manesh Samtani | 07/04/2025

RBI, BNM, BSP, MAS and BOT aim to make the Nexus platform a scalable multilateral model for connecting instant payment systems globally.

Capital / Liquidity

MAS Proposes Refinements to RBC 2 Framework for Insurers

By Nithya Subramanian | 01/04/2025

The proposals include a counter-cyclical adjustment for equity investment risk and stricter criteria for capital instruments.

MAS Finalises Rule Changes to Improve Retail Client Safeguards

By Nithya Subramanian | 31/03/2025

Enhancements to pre and post-transaction safeguards for retail clients purchasing investment products will come into effect on 29 December 2025.

Capital / Liquidity

MAS Confirms Plans to Revise Rules for Exchanges and Clearing Houses

By Nithya Subramanian | 29/03/2025

MAS will tighten solvency requirements for capital market FMIs and require them to hold sufficient cash for recovery or orderly wind-down.

MAS Proposes Framework for Retail Access to Private Markets

By Editors | 28/03/2025

MAS proposes a new framework to give retail investors greater access to private market investment funds via two novel fund structures.

Crypto / Digital Assets

MAS Consults on Adoption of BCBS Crypto Standards

By Nithya Subramanian | 28/03/2025

MAS seeks feedback on eligible reserve assets for unbacked cryptocurrencies, and proposes that AT1 and T2 capital instruments issued to retail investors shouldn’t count as regulatory capital.

AML / KYC

MAS Releases Paper to Strengthen Singapore’s Defences Against PF Risk

By Nithya Subramanian | 26/03/2025

The paper provides guidance on PF risks and typologies, risk assessment methodologies, mitigation strategies, and AI-driven detection solutions.

Enforcement

MAS Imposes Six-Year Ban on ex-Financial Adviser

By Mark Johnston | 24/03/2025

A former Professional Investment Advisory Services representative has received a prohibition order for forgery and cheating convictions.

Crypto / Digital Assets

MAS Grants In-Principle Approval to Crypto Major Cumberland

By Nithya Subramanian | 19/03/2025

Cumberland’s regulatory progress in Singapore comes after the US SEC agreed to drop its lawsuit against the firm earlier this month.