MONETARY AUTHORITY OF SINGAPORE

Fintech / Regtech

MAS Centralises Technology Functions to Drive Digital Transformation

By Editors | 07/03/2019

The MAS’ new Technology Group will centralise its technology capabilities and strengthen supervision of technology risks in the financial sector.

Market Infrastructure

Are We Ready for the Next Financial Crisis?

By Adrien Vanderlinden | 05/03/2019

DTCC’s Adrien Vanderlinden explores the biggest threats to financial stability 10 years after the financial crisis, and how Asia is responding to potential cyber-threats.

Market Infrastructure

EU, Singapore Agree to Mutually Recognise Derivatives Venues

By Editors | 21/02/2019

Singapore and EU-based firms will be able to trade derivatives on approved platforms based in either jurisdiction following proposed equivalence decisions by both regulators.

Securities / Derivatives

MAS Discusses Supervisory Toolkit for Fund Managers – Speech

By Manesh Samtani | 19/02/2019

MAS places emphasis on conduct and individual accountability in its supervisory approach, using data analytics to help identify unusual trends and flag outliers among fund managers.

MAS to Promote Good Governance Through New Committee

By Editors | 13/02/2019

MAS has announced the formation of a new industry-led advisory committee, the CGAC, which will identify corporate governance risks and work to improve Singapore’s CG Code.

Market Infrastructure

MAS Consults on Revisions to Banking Act

By Editors | 08/02/2019

Among the amendments are proposals to expand the grounds for which MAS can revoke a bank licence, and expanded circumstances for auditors to report on a bank’s financial soundness.

Fintech / Regtech

MAS Proposes New Requirements for Banks’ Outsourced Functions

By Editors | 08/02/2019

The proposals will expand MAS’ powers to impose requirements on banks’ and merchant banks’ outsourcing arrangements, regardless of where outsourced functions are performed.

Fintech / Regtech

Global Innovation Sandbox Opens for Cross Border Testing

By Editors | 04/02/2019

The GFIN’s 29 members include the HKMA, SFC, MAS and ASIC. Applications are now open for firms looking to test innovative cross border financial services.

Market Infrastructure

MAS Extends Deadline to Implement E-payments User Protection Guidelines

By Editors | 01/02/2019

The MAS is allowing an extra six months for compliance with its e-payments user protection guidelines, following requests from banks for more time to implement system changes.