Monetary Authority of Singapore

Big Picture

Conduct Risk Management Shifts to ‘Predict and Prevent’ Approach

By Manesh Samtani | 18/05/2021

In its annual Compendium on culture and conduct risk supervision, Starling highlights a shift from ‘detect and correct’ to ‘predict and prevent’.

Market Infrastructure

Is Asia Ready for the End of LIBOR?

By Li Renn Tsai | 17/05/2021

Li Renn Tsai compares progress in Asia’s main trading hubs, warning of a logjam of transition-related operational work that will pile up towards year-end.

Market Infrastructure

MAS to Expand Scope of Mandatory Reference Check Regime

By Manesh Samtani | 16/05/2021

MAS proposes to expand the scope of FIs and employees subject to the mandatory reference checking regime. FIs will have to maintain records for all employees.

AML / KYC

MAS Consults on Proposed AML Notices for Foreign Offices, FRCs

By Manesh Samtani | 12/05/2021

MAS seeks comment on four notices, which contain requirements on record-keeping, internal policies, and the provision of records to MAS upon request.

Securities / Derivatives

Philippine SEC Joins ASEAN Framework for Cross-border Funds

By Editors | 12/05/2021

Regulators from Singapore, Malaysia and Thailand – already part of the initiative – have signed a supplemental MoU admitting the Philippine SEC into the CIS framework.

Market Infrastructure

Technology Skills in Short Supply in Financial Sector: Menon

By Ranamita Chakraborty | 11/05/2021

A mismatch between demand and supply means that Singapore will have to continue to depend on foreigners to fill growing vacancies for technology jobs.

Enforcement

MAS Issues 10-Year Ban Against Individual for Dishonest Conduct

By Editors | 10/05/2021

The individual carried out fund management activities without holding a capital markets services licence, and later convicted of cheating and imprisoned.

Market Infrastructure

MAS Issues Revised Corporate Governance Guidelines for FIs

By Manesh Samtani | 09/05/2021

The guidelines provide good practices that financial institutions should observe in relation to their corporate governance and remuneration frameworks.

Fintech / Regtech

MAS Launches FinTech Hackcelerator Focused on Green Finance

By Editors | 06/05/2021

Fintech firms and solution providers are invited to submit innovative solutions to address any of 52 problem statements related to green finance.