Monetary Authority of Singapore

Market Infrastructure

Singapore Reviewing Carbon Price Trajectory, says MAS Chief

By Ranamita Chakraborty | 21/07/2021

The government is reviewing its targets for the price of carbon to ensure it helps Singapore meet its climate commitments.

AML / KYC

SFC Issues Warning on Unregulated Virtual Asset Platforms

By Editors | 18/07/2021

Soon after the SFC’s statement, Binance announced that stock tokens will no longer be available for purchase on its website.

MAS to Refine Financial Advisory Remuneration Rules

By Manesh Samtani | 15/07/2021

MAS proposes to refine the tier structure requirements and clarify the types of remuneration that can be paid as overriding benefits.

AML / KYC

MAS, ABS Working to Improve Safeguards Against Scams – Reports

By Ranamita Chakraborty | 14/07/2021

A task force has been set up to help Singapore’s financial industry improve safeguards against scams and fraudulent transactions.

AML / KYC

MAS Proposes Additional AML/CFT Requirements for FIs

By Manesh Samtani | 13/07/2021

MAS proposes requirements for dealings in precious stones and metals, transactions involving digital payment tokens, and customers that may be considered higher risk shell companies.

ESG / Sustainability

International Organisations to Launch Climate Training Alliance

By Editors | 12/07/2021

The initiative will see the establishment of a dedicated online portal for global training on climate risks for central banks and supervisors.

Fintech / Regtech

MAS Launches ‘Veritas Challenge’ to Strengthen Trust in AI

By Manesh Samtani | 12/07/2021

MAS invites fintechs, solution providers and FIs to submit innovative solutions to help validate the fairness of AI solutions for selected banking use cases.

Fintech / Regtech

MAS, Banque de France Complete m-CBDC Experiment

By Sanday Chongo Kabange | 11/07/2021

The experiment showed the potential to reduce the number of correspondent banking parties involved in the payment chain for cross-border transactions.

Market Infrastructure

MAS Consults on Revised Reporting Rules for OTC Derivatives

By Manesh Samtani | 06/07/2021

The amendments aim to facilitate the aggregation of OTC derivatives data through standardisation and harmonisation of data elements by incorporating the CPMI-IOSCO technical guidance.