MONETARY AUTHORITY OF SINGAPORE

Market Infrastructure

Culture & Conduct: the Global Regulatory Agenda

By Jeffrey Kupfer | 29/04/2019

The UK FCA has been a definitive leader in driving the global supervisory agenda in relation to culture and conduct risk, say Jeff Kupfer and Stephen Scott at Starling Trust Sciences.

Market Infrastructure

MAS Issues Update to E-Payments User Protection Guidelines

By Editors | 26/04/2019

The update addresses situations where customers choose to receive fewer transaction notifications, which could affect their ability to monitor for unauthorised transactions.

Securities / Derivatives

MAS Seeks to Strengthen Singapore as a Global Hub for FX Trading

By Editors | 26/04/2019

MAS has reportedly been encouraging major FX players to build their systems, trading engines and data centres locally to reduce latencies from routing trades through other FX hubs.

Market Infrastructure

Technology to ‘Transform’ a Third of Singapore Finance Jobs – Study

By Editors | 24/04/2019

The main effect of technology will be to “transform” jobs in the financial industry, rather than create or destroy them, says an EY study commissioned by MAS and IBF.

Big Picture

Central Banks Call for Collective Action to Mitigate Climate Risks

By Editors | 23/04/2019

The Central Banks and Supervisors ‘Network for Greening the Financial System’ has published a report providing recommendations to mitigate climate-related financial risks.

AML / KYC

Delayering AML – Ideal Test Field for Innovative Technologies

By Prasanna Venkatesan | 22/04/2019

AML/CFT is an ideal test field for new technologies given the risk factors and complex challenges Asian banks face, says Synpulse’s Prasanna Venkatesan.

Market Infrastructure

MAS Proposes Payment Services Regulations for Consultation

By Manesh Samtani | 11/04/2019

To effect the objectives of the Payment Services Act passed in January, MAS intends to prescribe new regulations for payment services licensees and significant payment systems.

Enforcement

MAS Bans Former HSBC, UOB Employees for ‘Egregious’ Misconduct

By Editors | 11/04/2019

Three individuals have received lengthy bans, in addition to jail terms, for “criminal conduct at the expense of their customers”.

Market Infrastructure

The Impact of Culture and Conduct – Industry’s Biggest Blind Spot

By Prasanna Venkatesan | 09/04/2019

Looking beyond regulations aimed at cultural reform, Synpulse’s Prasanna Venkatesan discusses how conduct and culture can be operationalised, measured and managed in private banking.