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Fintech / Regtech
Artificial Intelligence Holds “Immense Potential” for Risk Management – MAS
By Garima Chitkara | 16/05/2019
MAS is using artificial intelligence tools for risk detection and market surveillance, while also working to strengthen protections against cyber risk, data breaches and AI-based discrimination.
Enforcement
MAS Imposes Multi-Year Bans for ‘Dishonest Conduct’
By Editors | 10/05/2019
Two former representatives of Jefferies Singapore colluded to trade against their firm using privileged information, representing ‘deceptive conduct’ which contravenes the SFA.
Fintech / Regtech
Open Banking Security Risks May Open Pandora’s Box
By Peter Lancos | 09/05/2019
The open banking initiative could be put in jeopardy if data is not sufficiently secured, say Peter Lancos, Jonathan Naismith and Suraj Nittoor at Exate Technology.
Capital / Liquidity
MAS Consults on Revised Capital Requirements for Singapore Banks
By Garima Chitkara | 08/05/2019
The central bank has opted to use its national discretion in key areas in credit, market and operational risk management.
Fintech / Regtech
MAS Considers the Value of Allowing Virtual Banks in Singapore
By Editors | 08/05/2019
The regulator says it is engaging relevant stakeholders to ascertain the unique value that such virtual bank entrants could bring to Singapore’s banking landscape.
Fintech / Regtech
Singapore, Canada Conclude First Trial on CDBC Cross-Border Payments
By Editors | 02/05/2019
MAS and the Bank of Canada linked up experimental payment networks despite their being built on two different DLT platforms.
Securities / Derivatives
MAS Consults on Proposed Framework for Variable Capital Companies
By Editors | 02/05/2019
The proposals include an AML/CFT framework for VCCs requiring them to engage an eligible financial institution to perform the necessary checks.
Market Infrastructure
Singapore’s NETS to Co-Develop QR Payment System in Myanmar
By Editors | 30/04/2019
Singapore payment services provider NETS Group is helping the Myanmar Payment Union develop a unified e-payment system modelled after the SGQR.
Fintech / Regtech
Eight Firms Pass Initial Screening for GFIN Cross-Border Testing Pilot
By Manesh Samtani | 30/04/2019
Eight out of 44 applicant firms have passed an initial screening by GFIN members, and will now develop testing plans for regulators to consider and approve.
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.
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