Monetary Authority of Singapore

    Securities / Derivatives

    UPDATED – Singapore REITs Granted Relief on Cash Flow, Fundraising

    By Editors | 17/04/2020

    MAS is raising the leverage limit for S-REITs and deferring implementation of the minimum interest coverage ratio requirement, on top of recently-announced enhanced share issue limits.

    AML / KYC

    MAS, ABS Push Greater Adoption of Digital Financial Services

    By Editors | 10/04/2020

    The Association of Banks in Singapore, support by MAS, is offering incentives to encourage uptake and usage of peer-to-peer funds transfer service PayNow.

    Fintech / Regtech

    MAS Extends Assessment Period for Digital Bank Decisions

    By Editors | 09/04/2020

    Successful digital bank applicants will be informed in the second half of this year, instead of June 2020 as originally intended.

    Fintech / Regtech

    MAS Unveils Support Package to Bolster Financial Sector Capabilities

    By Editors | 08/04/2020

    The package includes training allowances, IBF course subsidies, salary support, digital acceleration grants, and free access to API Exchange.

    Capital / Liquidity

    MAS Relaxes Capital Rules, Defers Policy Implementation

    By Editors | 07/04/2020

    MAS has adjusted banks’ capital and liquidity requirements to help sustain their lending activities, while also deferring a host of regulatory initiatives until further notice.

    Fintech / Regtech

    In-Depth: Making Sense of Digital Bank Policy

    By Jamie Lloyd Evans | 07/04/2020

    Industry veteran Jamie Lloyd Evans takes a detailed look at digital banking regimes in Asia, and the stated – and unstated – motivations behind them.

    Capital / Liquidity

    Singapore Govt to Increase Risk Share on SME Loans

    By Editors | 06/04/2020

    The government will increase its risk share of loans made under existing loan financing schemes from 80% to 90%, for loans initiated from 8 Apr until 31 Mar 2021.

    AML / KYC

    The Four e-KYC Models Around the World

    By Claus Christensen | 05/04/2020

    Claus Christensen at Know Your Customer Ltd identifies four e-KYC models in use across the world, but says that harmonisation and consolidation of these schemes is likely.

    Securities / Derivatives

    MAS, ACRA, SGX RegCo Update Guidance on Meeting Conduct

    By Editors | 01/04/2020

    Guidance is provided on holding general meetings in light of the current 10-person limit on attendance of any event in Singapore.

    Market Infrastructure

    Fed Establishes Repo Facility to Ease USD Funding Stress

    By Editors | 31/03/2020

    Foreign central banks can temporarily exchange their US Treasury holdings with the Fed for US dollars, which can then be made available to institutions in their own jurisdictions.

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