Monetary Authority of Singapore

ESG / Sustainability

Singapore Should Lead on Green Fintech Regulation Ahead of COP26

By Benjamin Soh | 23/08/2021

Singapore is well positioned to be a global leader on regulatory innovation in green fintech, writes Benjamin Soh, Co-founder and Managing Director of STACS.

Market Infrastructure

DTCC Urges Readiness for MAS Derivatives Reporting Requirements

By Sanday Chongo Kabange | 12/08/2021

Finance companies, subsidiaries of banks in Singapore, insurers and CMS licence holders will come into scope for reporting from 1 October.

Fintech / Regtech

DBS Vickers Receives ‘In-principle Approval’ to Provide DPT Services

By Editors | 12/08/2021

DBS Vickers is working through the necessary follow-ups with a view to meeting MAS’ requirements for a digital payment token services licence.

AML / KYC

MAS Finalising New Data-sharing Platform for Banks

By Manesh Samtani | 05/08/2021

The new platform will enable banks to securely share information on customers exhibiting significant risk red flags and warn each other of potential criminal activity.

Crypto / Digital Assets

UPDATED – MAS Grants “In-Principle Approval” to First DPT Provider

By Manesh Samtani | 02/08/2021

MAS has clarified that notices have been issued to several applicants and that “in-principle approval” is not an official term.

Market Infrastructure

Singapore Offers Guidance on Converting Legacy SOR Contracts

By Manesh Samtani | 29/07/2021

Guidance is offered on wholesale markets, corporate loans, derivatives, bonds and retail loans. A public education campaign will start in September 2021.

Market Infrastructure

BIS, MAS Set Out Blueprint for Cross-border Payments

By Ranamita Chakraborty | 29/07/2021

BIS Innovation Hub Singapore Centre and MAS have published a blueprint that could make real-time cross-border payments a reality in the next two to four years.

Capital / Liquidity

MAS Ends Dividend Cap for Banks, Finance Companies

By Editors | 29/07/2021

Local banks and finance companies should still exercise continued prudence in their discretionary distributions, and prioritise support to customers.

Crypto / Digital Assets

Singapore’s CTX to Debut Cross-border Trading of China Carbon Credits

By Sanday Chongo Kabange | 27/07/2021

Cyberdyne Tech Exchange said its carbon neutrality tokens, or CNTs, would pave the way for carbon credits to be transferred across international borders.