MONETARY AUTHORITY OF SINGAPORE

Securities / Derivatives

MAS Announces Grant to Support Stock Listings, Equity Research

By Editors | 15/01/2019

The Grant for Equity Market Singapore, or GEMS, will launch in February, offering funding to facilitate SGX listings and develop the local equity research ecosystem.

Fintech / Regtech

Singapore Banking Union Opens to Broader Financial Industry

By Editors | 14/01/2019

The newly renamed Banking and Financial Services Union aims to help professionals stay relevant and competitive amid technological advancement and industry changes.

Market Infrastructure

BIS Issues Report on Central Bank Digital Currencies

By Editors | 10/01/2019

Only one of 63 central bank respondents has said it is very likely to issue a central bank digital currency in the next six years.

Fintech / Regtech

Regulatory Reporting Pressure in APAC: A 2019 View

By Wouter Delbaere | 09/01/2019

In the year ahead, banks will have to focus on seamless data integration and regtech adoption to cope with increasingly complex regulatory reporting requirements, says Wolters Kluwer’s Wouter Delbaere.

AML / KYC

MAS Extends Prohibition Against Goldman’s Leissner to Lifetime Ban

By Editors | 20/12/2018

The March 2017 prohibition order barring former banker Tim Leissner for 10 years was based on limited information; US DOJ charges provided evidence of his involvement in 1MDB fund flows.

Enforcement

IT Consultant of Singapore Investment Bank Charged with Insider Trading

By Editors | 10/12/2018

The US SEC has filed charges against an outsourced IT contractor for trading on inside information while working at the Singapore branch of an investment bank.

Enforcement

Korean Regulators Become Latest Signatories to IOSCO EMMoU

By Editors | 07/12/2018

South Korea’s FSC and FSS have jointly become the 10th member of IOSCO’s EMMoU, which enables cross-border sharing of audit papers and telecommunications and internet records.

Market Infrastructure

MAS Consults on Exemption Framework for Cross-Border Financial Services

By Editors | 05/12/2018

The MAS proposes that Singapore regulated entities no longer be required to seek approval before commencing business arrangements with foreign related companies.

Market Infrastructure

MAS to Co-Fund Financial Sector Efforts to Develop Local Cyber Capabilities

By Editors | 04/12/2018

The MAS will support financial institutions that establish global or regional cybersecurity centres in Singapore, or run key cybersecurity functions from the city to develop local capabilities.