Monetary Authority of Singapore

Big Picture

BIS Head Outlines Vision for Future Monetary System

By Mark Johnston | 24/02/2023

Agustin Carstens said the disappearance of $2tr in value from the crypto market in 2022 proves that cryptocurrencies cannot be a viable alternative to fiat.

Enforcement

MAS Seeks to Ramp Up Hiring for Enforcement Department

By Editors | 24/02/2023

MAS is also looking into creating a new ombudsman, a market conduct tribunal, a procedure for class-action lawsuits, and an investor compensation scheme.

Securities / Derivatives

MAS Finalises New Corporate Finance Due Diligence Standards

By Editors | 24/02/2023

From 1 October 2023, corporate finance advisers will have to meet new minimum standards when conducting due diligence on transactions.

Fintech / Regtech

Deutsche Bank Develops Investment Servicing Platform for Digital Funds

By Editors | 23/02/2023

The platform will make it easier for firms to launch and administer digital investment funds, which may comprise crypto, tokenised securities and other digital assets.

Crypto / Digital Assets

Digital Assets Industry is Shifting Focus to “Real Utility”: Report

By Editors | 22/02/2023

New report from Oliver Wyman, Elevandi and MAS says the downturn in the digital assets ecosystem could mark an inflection point.

Fintech / Regtech

Singapore, India Launch Real-time Payments Linkage

By Editors | 21/02/2023

The service is available in Singapore via DBS and Liquid Group, and in India via Axis Bank, DBS India, ICICI Bank, Indian Bank, Indian Overseas Bank and State Bank of India.

ESG / Sustainability

Singapore Taskforce Issues Final Consultation on Green Taxonomy

By Editors | 15/02/2023

This third consultation seeks views on thresholds and criteria for five sectors. GFIT intends to publish the final taxonomy by 1H 2023.

Crypto / Digital Assets

UPDATED: NYDFS, SEC Scrutinise Paxos Over BUSD Stablecoin

By Editors | 13/02/2023

Paxos is the issuer of a Binance-branded stablecoin that ranks as the third-largest, as well as its own stablecoin called Pax Dollar, the sixth largest.

Singapore Proposes to Permanently Allow Electronic Meetings

By Editors | 10/02/2023

Under proposed amendments, companies, VCCs and business trusts will continue to have the option of conducting fully virtual or hybrid general meetings.