Monetary Authority of Singapore

    AML / KYC

    NLP for Regulatory Compliance: A Question of When, Not If

    By Irene Liu | 27/10/2022

    Accenture’s Irene Liu and team discuss the use of NLP technology within compliance functions, as well as the adoption challenges and how to address them.

    Capital / Liquidity

    MAS Proposes New Rules for Crypto Firms, Stablecoin Issuers

    By Manesh Samtani | 27/10/2022

    Retail investors won’t be allowed leverage and will have to undergo a knowledge test. Stablecoin issuers will have strict rules on reserve assets and a S$1bn capital requirement.

    Fintech / Regtech

    Singapore Launches Code of Conduct for BNPL Providers

    By Editors | 26/10/2022

    BNPL customers will not be allowed to accumulate more than SGD 2,000 in outstanding payments at any given time.

    Capital / Liquidity

    MAS Proposes Methodology to Assess Systemic Importance of Insurers

    By Editors | 25/10/2022

    D-SIIs will be required to meet higher capital and enhanced corporate governance requirements, and establish RRPs and robust risk management information systems.

    Fintech / Regtech

    MAS Proposes to Raise Caps Imposed on E-Wallets

    By Manesh Samtani | 21/10/2022

    Besides raising the caps, MAS also proposes to introduce an exemption to allow for ‘white labelling’ of e-wallet accounts.

    Fintech / Regtech

    Singapore Establishes Inter-agency Taskforce on Ransomware

    By Editors | 20/10/2022

    The Counter Ransomware Task Force comprises senior government representatives from the technology, cybersecurity, financial regulation and law enforcement domains.

    Crypto / Digital Assets

    US Regulators Probe Failed Crypto Firm Three Arrows Capital

    By Editors | 19/10/2022

    The SEC and CFTC are reportedly looking into whether Three Arrows misled investors and violated rules by not registering its business.

    ESG / Sustainability

    ABS Launches Sustainability Guidelines for Private Banking

    By Editors | 17/10/2022

    A common industry training benchmark has also been established to help upskill private banking relationship managers in the area of sustainability.

    Crypto / Digital Assets

    Coinbase, Blockchain.com Win In-principle Approval in Singapore

    By Editors | 12/10/2022

    MAS has granted in-principle approval to Coinbase and Blockchain.com. Currently, nine firms have full licences to offer regulated crypto services in Singapore.

    ESG / Sustainability

    MAS Calls on Investors to Engage with Listed Companies

    By Manesh Samtani | 11/10/2022

    Asset managers and retail investors are encouraged to more actively engage with their investee companies and participate in setting their strategic direction.

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