Monetary Authority of Singapore

DeFi & Web3

First Project Guardian Pilot Completed Using DeFi Protocols

By Editors | 03/11/2022

DBS, JP Morgan and SBI Digital Asset completed the pilot. Two other pilots are being launched by StanChart, HSBC, UOB and Marketnode.

Cloud & Infrastructure

MAS: SGFinDex Extended to Include Data on Insurance Policies

By Editors | 03/11/2022

SGFinDex users can now digitally access and aggregate information on life, accident and health insurance policies held across different participating insurers.

Sustainable Finance

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.

Sustainable Finance

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.

CBDCs

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.

Conduct, Culture & Accountability

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.

Structural Regulation

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.

AI Risk & Governance

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.

Stablecoins

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.