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Capital / Liquidity
MAS Offers Banks Guidance on Managing Loan Collateral
By Editors | 24/08/2019
In a review of collateral management standards and practices banks use when lending to corporates, MAS has identified four key areas that need improvement.
Capital / Liquidity
Singapore Large Exposures Rules to Take Effect in Oct 2020
By Editors | 22/08/2019
MAS published a draft large exposures framework in early 2018, trying to meet the BCBS timeline for adoption in January 2019. The final rules will now take effect in October next year.
AML / KYC
NTU Singapore to Develop New Tools to Fight Money Laundering
By Editors | 22/08/2019
Supported by the MAS and Singapore’s major banks, the project seeks to help wealth managers address money laundering risks with new AI and machine learning capabilities.
AML / KYC
Singapore Crypto Sector Consults on AML/CFT Code of Practice
By Editors | 15/08/2019
The code was facilitated by MAS and developed in consultation with ABS by ACCESS, the Association of Cryptocurrency Enterprises and Start-ups, Singapore.
Fintech / Regtech
Regulatory Trends: Behavioural Science in Culture & Conduct Supervision
By Stephen Scott | 15/08/2019
Regulators are adopting behavioural science tools pioneered by the Dutch central bank in their supervisory efforts, and firms are taking notice, says Stephen Scott at Starling.
AML / KYC
Singapore Shell Companies Vulnerable to Money Laundering: MAS
By Editors | 14/08/2019
While money launderers and tax evaders have traditionally used offshore companies, some have shifted to onshore companies to evade detection.
Fintech / Regtech
Singapore Brokers Directed to Enhance Trade Surveillance Systems
By Manesh Samtani | 08/08/2019
MAS and SGX RegCo have released a practice guide outlining five guiding principles for brokers to use in the review and design of their trade surveillance programmes.
Fintech / Regtech
MAS Launches Faster Option Sandbox Testing
By Editors | 08/08/2019
Sandbox Express entails an approval process of just 21 days before firms can start testing innovative financial products and services in a pre-determined environment.
Market Infrastructure
Singapore Finalises Tax Framework for VCCs
By Editors | 07/08/2019
An umbrella VCC needs to file a single corporate income tax return, regardless of the number of sub-funds. GST and stamp duty will be applied at the sub-fund level.
Market Infrastructure
MAS Mandates Baseline Requirements on Cyber Hygiene
By Editors | 07/08/2019
The legally binding cyber hygiene requirements must be implemented by all MAS regulated financial institutions by 6 August 2020.
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