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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.
Fintech / Regtech
MAS Proposes to Raise Caps Imposed on E-Wallets
By Manesh Samtani | 21/10/2022
Besides raising the caps, MAS also proposes to introduce an exemption to allow for ‘white labelling’ of e-wallet accounts.
Fintech / Regtech
Singapore Establishes Inter-agency Taskforce on Ransomware
By Editors | 20/10/2022
The Counter Ransomware Task Force comprises senior government representatives from the technology, cybersecurity, financial regulation and law enforcement domains.
Crypto / Digital Assets
US Regulators Probe Failed Crypto Firm Three Arrows Capital
By Editors | 19/10/2022
The SEC and CFTC are reportedly looking into whether Three Arrows misled investors and violated rules by not registering its business.
ESG / Sustainability
ABS Launches Sustainability Guidelines for Private Banking
By Editors | 17/10/2022
A common industry training benchmark has also been established to help upskill private banking relationship managers in the area of sustainability.
Crypto / Digital Assets
Coinbase, Blockchain.com Win In-principle Approval in Singapore
By Editors | 12/10/2022
MAS has granted in-principle approval to Coinbase and Blockchain.com. Currently, nine firms have full licences to offer regulated crypto services in Singapore.
ESG / Sustainability
MAS Calls on Investors to Engage with Listed Companies
By Manesh Samtani | 11/10/2022
Asset managers and retail investors are encouraged to more actively engage with their investee companies and participate in setting their strategic direction.
AML / KYC
Singapore Punishes Ex-BSI Banker Over 1MDB Failings
By Sanday Chongo Kabange | 11/10/2022
BSI Singapore’s former head of private banking contributed to the bank’s failure to file STRs for 1MDB-related transactions when there were reasonable grounds to do so.
AML / KYC
Singapore Government Publishes New National CTF Strategy
By Editors | 09/10/2022
A national risk assessment found remittance agents and banks to be the most vulnerable. MAS will develop new guidance for both sectors.
ESG / Sustainability
MAS Launches ESG Impact Hub, New Advisory Panel
By Sanday Chongo Kabange | 06/10/2022
At launch, 15 ESG fintechs and organisations are already set up at the Hub – including CDP, Climate Impact X, KPMG, MUFG, and STACS.
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