Monetary Authority of Singapore

ESG / Sustainability

MAS Asks Firms to Pilot Transactions in “Transition Credits”

By Mark Johnston | 17/10/2023

Ravi Menon is seeking support from the industry to help develop transition credits that can be used to reduce the economic gap from retiring coal plants early.

Fintech / Regtech

US, Singapore to Deepen Collaboration on Responsible AI Innovation

By Editors | 17/10/2023

The US and Singapore completed a joint mapping exercise to make their AI governance frameworks interoperable.

Enforcement

MAS Issues Prohibition Orders Against Two Former Insurance Agents

By Editors | 16/10/2023

The former insurance representatives submitted a claim for a leg injury despite knowing it occurred before the insurance policy application.

Securities / Derivatives

Singapore, Shanghai to Collaborate on Asset Management

By Editors | 16/10/2023

IMAS and the Asset Management Association of Shanghai will collaborate to advance the development of their asset management industries.

Crypto / Digital Assets

MAS Grants Major Payments Institution Licence to Upbit

By Editors | 16/10/2023

Upbit is South Korea’s largest crypto exchange. The group also has regulated digital asset exchanges in Indonesia and Thailand.

Singapore Data Centre Issue Causes DBS, Citibank Disruptions

By Editors | 16/10/2023

The Saturday disruption was caused by an issue at an Equinix data centre that is used by multiple organisations.

Crypto / Digital Assets

Singapore Builds Trust in Crypto with New Regulations

By Ranamita Chakraborty | 16/10/2023

Regulation Asia speaks to legal experts on what lies ahead for DPT service providers in Singapore as they navigate the evolving regulatory landscape.

Securities / Derivatives

MAS Issues Liquidity Risk Management Guidance for Funds

By Manesh Samtani | 13/10/2023

The new information paper sets out expectations in four areas: governance, product design, ongoing LRM, and stress testing.

Big Picture

The Philippines Banks on Cloud Adoption for Operational Resilience

By Ranamita Chakraborty | 11/10/2023

BSP’s Jovelyn Hao shares at a conference how the Philippine central bank sees cloud adoption as an enabler for banks’ operational resilience.