MAS conducted thematic inspections on the operational risk management standards and practices of selected banks, with a focus on third party risk management.
August 8, 2022The regulatory framework includes a set of principles for capital market entities to adopt in their use of AI/machine learning.
August 2, 2022FIs in Hong Kong should review whether their commercial agreements contain requirements equivalent to the recommended model contractual clauses, say Albert Yuen and Eunice Lee.
June 28, 2022MAS managing director Ravi Menon described the licensing process as necessarily stringent for Singapore to be a responsible global crypto hub.
May 3, 2022FIs would face penalties over SGD 1 million for breaching TRM requirements. VASPs will have to be licensed to offer services in Singapore.
April 6, 2022The Financial Services and Markets Bill will give MAS enhanced regulatory powers to address misconduct, crypto asset and technology risks.
February 16, 2022The rules require banks to establish an Information Security Committee, chaired by the CEO, to assess the strategic and operational management of the technology risk.
December 28, 2021MAS considering “appropriate supervisory actions” following two days of digital services disruption at DBS Bank.
November 25, 2021AdNovum's David Chan discusses the need to safeguard APIs as financial institutions increasingly seek to digitalise their services.
June 17, 2021Licensed credit bureaus will be required to establish a Code of Conduct and comply with requirements on technology risk management and cyber security.
June 1, 2021