Monetary Authority of Singapore

ESG / Sustainability

Singapore’s SRAC Recommends ISSB-Aligned Climate Reporting

By Ranamita Chakraborty | 06/07/2023

Singapore’s sustainability reporting advisory committee studied ISSB’s exposure draft closely and consulted several stakeholders before making major climate reporting recommendations, chairperson Esther An told Regulation Asia.

AML / KYC

MAS Reports USD22.8 Billion Net Loss For FY2022/23

By Ranamita Chakraborty | 06/07/2023

MAS announced a net loss of SGD 30.8 billion (USD 22.8 billion), reflecting the effects of monetary policy tightening to bring down inflation.

Crypto / Digital Assets

MAS to Require Trust Holding of DPT Customers’ Assets

By Jill Wong | 04/07/2023

MAS says the move is aimed at preventing the loss of customers’ assets and to facilitate a recovery in the event of a DPT provider’s insolvency.

Lawrence Wong Appointed Chairman of MAS Board

By Editors | 03/07/2023

Lawrence Wong will replace Tharman Shanmugaratnam, who will step down to run in Singapore’s upcoming presidential election.

AML / KYC

MAS Highlights Misuse of Legal Persons through Data Analytics

By Jill Wong | 03/07/2023

The MAS has published a paper to guide banks in using data analytics to detect and prevent the use of front companies to conceal illicit activities.

Market Infrastructure

Singapore Finalises Approach for Transitioning SIBOR Loans to SORA

By Manesh Samtani | 30/06/2023

Recommendations finalised for how adjustment spreads should be set for converting SIBOR loans to a SORA reference rate.

AML / KYC

Singapore Gets Tough on Money Laundering through Property

By Karen Ng | 30/06/2023

Lawyers talk to Regulation Asia about the implications of Singapore’s new property AML rules.

Fintech / Regtech

MAS Launches New SME Support Project with Rwanda Central Bank

By Sanday Chongo Kabange | 30/06/2023

The project aims to solve data unavailability challenges that prevent SMEs from accessing financing from banks.

Crypto / Digital Assets

BIS Releases Interim Report on Project Mariana

By Editors | 29/06/2023

Project Mariana is studying the use of DeFi automated market makers and wholesale CBDC for cross-border foreign exchange transactions.