Monetary Authority of Singapore

ESG / Sustainability

MAS, PBOC to Jointly Establish Green Finance Taskforce

By Editors | 02/11/2022

A number of Singapore-China initiatives were announced this week, including plans by SGX, SSE and SZSE to launch a Low Carbon Index Family by year-end.

ESG / Sustainability

IDX, MVGX Partner to Develop Indonesia’s Carbon Market

By Editors | 02/11/2022

Indonesia Stock Exchange and Singapore’s MetaVerse Green Exchange will collaborate to develop a carbon exchange system in Indonesia.

Crypto / Digital Assets

MAS Concludes Phase One of Retail CBDC Project

By Editors | 31/10/2022

Phase 1 of Project Orchid explored the concept of purpose-bound digital SGD, bearer instruments that enable senders to specify conditions when making transfers in digital SGD.

ESG / Sustainability

SGX RegCo Consults on Independent Director Tenure Limit

By Editors | 28/10/2022

The consultation also proposes to require listed companies to disclose director and CEO remuneration in annual reports on a named basis.

Securities / Derivatives

CFTC Grants Exemptions to Three More Singapore RMOs

By Editors | 27/10/2022

The CFTC granted SEF registration exemptions to Bloomberg Tradebook Singapore, SGX FX Markets (BidFX), and Synoption.

AML / KYC

NLP for Regulatory Compliance: A Question of When, Not If

By Irene Liu | 27/10/2022

Accenture’s Irene Liu and team discuss the use of NLP technology within compliance functions, as well as the adoption challenges and how to address them.

Capital / Liquidity

MAS Proposes New Rules for Crypto Firms, Stablecoin Issuers

By Manesh Samtani | 27/10/2022

Retail investors won’t be allowed leverage and will have to undergo a knowledge test. Stablecoin issuers will have strict rules on reserve assets and a S$1bn capital requirement.

Fintech / Regtech

Singapore Launches Code of Conduct for BNPL Providers

By Editors | 26/10/2022

BNPL customers will not be allowed to accumulate more than SGD 2,000 in outstanding payments at any given time.

Capital / Liquidity

MAS Proposes Methodology to Assess Systemic Importance of Insurers

By Editors | 25/10/2022

D-SIIs will be required to meet higher capital and enhanced corporate governance requirements, and establish RRPs and robust risk management information systems.