MONETARY AUTHORITY OF SINGAPORE

    Securities / Derivatives

    Singapore Bourse Pushes into Foreign Exchange Market

    By Manesh Samtani | 12/06/2019

    SGX wants to reduce its reliance on equity index derivatives by aggressively pushing into the FX markets over the next five years.

    Market Infrastructure

    MAS Proposes Increased Scope for Accountability, Conduct Guidelines

    By Garima Chitkara | 07/06/2019

    MAS proposes to apply its 2018 accountability and conduct guidelines to a wider range of financial institutions, including fund managers, trade repositories and benchmark administrators.

    AML / KYC

    MAS Consults on AML/CFT Notices for Payment Services

    By Manesh Samtani | 07/06/2019

    The first Notice covers account issuance, money transfers and money changing services. The second Notice sets out a separate framework for digital payment tokens.

    Market Infrastructure

    Finance Should be a Force for Good: MAS

    By Garima Chitkara | 05/06/2019

    Financial institutions need to build trust, inclusivity and sustainability in order to be a force for good, MAS managing director Ravi Menon said in a speech on Monday.

    Enforcement

    MAS Penalises Singapore National in LSE Insider Trading Case

    By Editors | 05/06/2019

    The penalty was the result of close cooperation and information sharing between MAS and the UK FCA, which had referred the case and provided investigative assistance.

    Capital / Liquidity

    Singapore Banks Well Positioned for Final Basel III Rules

    By Manesh Samtani | 02/06/2019

    Moody’s says Singapore performs better than other banking systems in a high stress scenario. The new report also looks at banks’ digitisation push.

    Market Infrastructure

    Singapore, Malaysia, Vietnam on US Watchlist for Currency Practices

    By Manesh Samtani | 31/05/2019

    The US Treasury’s monitoring list now names nine countries that could potentially be labeled currency manipulators, including China, Japan and Korea.

    Capital / Liquidity

    BCBS 239 – What Lies Ahead?

    By Irene Liu | 27/05/2019

    There is clear fatigue in the industry around BCBS 239 compliance, but the exercise has also enabled other capabilities, say PwC’s Irene Liu, David Yakowitz and Catherine Lee.

    Crypto / Digital Assets

    MAS Sandbox Admits SGX-Backed Digitised Securities Platform iSTOX

    By Editors | 27/05/2019

    From within the sandbox, iSTOX is currently onboarding the first batch of issuers and investors who will participate in issuance and trading of digitised securities starting in 4Q 2019.

    Fintech / Regtech

    HKMA Steps Towards Regulating Big Data Analytics, AI in FinTech

    By Hannah Cassidy | 24/05/2019

    Herbert Smith Freehills says the HKMA push for adoption of the Ethical Accountability Framework in FinTech development represents a broader movement toward regulating artificial intelligence.

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