Monetary Authority of Singapore

Crypto / Digital Assets

NY Fed, MAS Publish Results from Cross-Border Payments Study

By Editors | 19/05/2023

Each simulated payment scenario achieved end-to-end settlement in under thirty seconds on average using wholesale CBDCs.

Market Infrastructure

MAS Issues “Close-to-Final” Derivatives Reporting Rule Updates

By Manesh Samtani | 16/05/2023

MAS set October 2024 as the commencement date for its new OTC derivatives reporting rules, aligning with ASIC.

Securities / Derivatives

ICE Invites HK Firms to Trade Futures in Singapore

By Editors | 14/05/2023

ICE Clear Singapore received authorisation from the SFC allowing it to clear ICE Futures Singapore trades for Hong Kong-based clearing members.

MAS Reappoints Ravi Menon as Head for Two More Years

By Editors | 14/05/2023

Menon will serve as Managing Director until 31 May 2025 or his retirement from the Singapore Public Service, whichever is earlier.

Securities / Derivatives

FSS Governor Promotes Korea Finance in Southeast Asia Tour

By Mark Johnston | 13/05/2023

FSS chief Lee Bok-hyun met with central bank governors and global investors to showcase the potential of Korea’s financial market.

Capital / Liquidity

MAS Considers Possible Changes to Deposit Insurance Scheme

By Sanday Chongo Kabange | 10/05/2023

MAS will issue a consultation by the end of June on proposals to ensure Singapore’s deposit insurance scheme remains fit for purpose.

AML / KYC

MAS to Consult on Scam Loss Sharing Framework in Q3

By Manesh Samtani | 09/05/2023

Senior Minister Tharman Shanmugaratnam said the framework will include obligations for telcos, not just FIs and consumers.

Crypto / Digital Assets

MAS Proposes Amendments to Payment Services Regulations

By Editors | 09/05/2023

The consultation covers amendments to Payment Services Regulations and existing notices to include newly scoped-in payment services like DPT services.

AML / KYC

Singapore Passes Bill to Enable Data Sharing via COSMIC

By Editors | 09/05/2023

COSMIC will be rolled out in phases starting from H2 2024, enabling banks to alert one another about illicit activity involving their customers.