MONETARY AUTHORITY OF SINGAPORE

Big Picture

Regulatory Hurdles Limit Adoption of Tokenised Alternative Assets

By Nithya Subramanian | 08/05/2024

Moody’s Investors Service outlines the technical and regulatory hurdles that may limit adoption of tokenised alternative assets.

AML / KYC

MAS Fines Swiss-Asia Financial Services for AML Breaches

By Nithya Subramanian | 08/05/2024

The CEO and COO were also reprimanded for failing to ensure compliance with the AML/CFT requirements.

Securities / Derivatives

Singapore Examining Proposals to Boost Stock Market: Report

By Nithya Subramanian | 07/05/2024

The proposals would encourage stock investments by family offices, wealth management businesses, pension funds and sovereign funds.

Securities / Derivatives

MAS Issues Notice on Fund Data Submission Requirements

By Nithya Subramanian | 07/05/2024

Notice SFA 04-N23 specifies monthly and daily submission requirements applicable to managers of authorised CIS, excluding REITs.

ESG / Sustainability

China Construction Bank, Gprnt Partner on Sustainable Finance

By Nithya Subramanian | 03/05/2024

This is the first collaboration between a major Chinese financial institution and Gprnt. It is expected to improve access to sustainable finance for SMEs.

Fintech / Regtech

DBS Experiences Disruption Days After MAS Lifts Restrictions

By Nithya Subramanian | 03/05/2024

Customers of the Singapore bank experienced internet banking and payment services disruptions for more than two hours on Thursday.

Crypto / Digital Assets

Capital Markets Regulators Committed to Innovating With Tokenisation

By Nithya Subramanian | 02/05/2024

The UK FCA’s Rupert Harrison and Thai SEC’s Kris Tontipiromya discussed their tokenisation work at the recent Digital Assets Asia 2024.

Enforcement

MAS Ends Six-Month Pause on Non-Essential Activities at DBS

By Nithya Subramanian | 02/05/2024

MAS will retain the additional capital requirement and “closely monitor” DBS Bank’s progress on the remaining deliverables.

Capital / Liquidity

Redomiciling VCC Funds to Singapore Can Be ‘Daunting’

By Nithya Subramanian | 02/05/2024

Besides navigating a complex maze of regulatory, tax and operational hurdles, the spectre of asset illiquidity during transition looms large.