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Cybersecurity
Singapore Tightens Laws on Technology Risk, Crypto Assets
By Sanday Chongo Kabange | 06/04/2022
FIs would face penalties over SGD 1 million for breaching TRM requirements. VASPs will have to be licensed to offer services in Singapore.
Fraud, Scams & Cybercrime
Singapore Banks to Station More Staff at Anti-Scam Centre
By Editors | 05/04/2022
While banks have been supporting the police’s Anti-Scam Centre for the past three years, only DBS currently has staff physically located inside the centre.
Reporting & Disclosures
Singapore Updates Stewardship Principles for Responsible Investors
By Editors | 03/04/2022
The updated Principles emphasise the need to integrate ESG considerations into investment decision-making and stewardship practices.
Market Data & Technology
ISDA Publishes New Paper on Digital Regulatory Reporting
By Editors | 01/04/2022
DRR will allow for consistent rule interpretation, more streamlined and automated reporting, and fewer data quality issues, ISDA says.
AI Risk & Governance
BIS, MAS Launch Prototype Supervisory Analytics Platform
By Manesh Samtani | 31/03/2022
Project Ellipse can provide regulators with early warning indicators, analytics and prudential metrics to assist them in risk detection and banking supervision.
Capital Adequacy
MAS Proposes Revisions to Bank Capital Disclosure Requirements
By Editors | 31/03/2022
The changes reflect the final Basel III reforms and will improve the consistency and comparability of disclosures across Singapore incorporated banks.
DeFi & Web3
IOSCO Forms New Task Force Targeting DeFi Regulation
By Manesh Samtani | 26/03/2022
The task force, chaired by MAS assistant managing director Tuang Lee Lim, will help coordinate policy action to address the risks in DeFi.
Structural Regulation
Singapore Working Group to Develop BNPL Framework
By Editors | 24/03/2022
The Singapore FinTech Association has formed a working group under MAS guidance to develop a BNPL framework for launch later this year.
Conduct, Culture & Accountability
Singapore’s Insurers Gets New Culture and Conduct Guidance
By Ranamita Chakraborty | 23/03/2022
Two new papers have been published to help Singapore’s insurance industry in elevating their culture and conduct standards.
CBDCs
BIS, Central Banks Complete Development of Multi-CBDC Prototypes
By Sanday Chongo Kabange | 23/03/2022
The initial phase of Project Dunbar has proved that the concept of multi-CBDCs is technically viable, says a new project report.
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