Monetary Authority of Singapore

    Fintech / Regtech

    SFA Forms ‘Club’ to Drive Fintech Community Development

    By Ranamita Chakraborty | 24/06/2021

    SG FinTech Club will enable fintech professionals to make deeper connections with industry peers, upskill and access growth opportunities.

    Financial Advice Standards Have Improved, MAS Finds

    By Manesh Samtani | 22/06/2021

    Financial advisers have enhanced their standards and raised the quality of advice provided to customers, MAS found in a mystery shopping exercise.

    Market Infrastructure

    MAS to Migrate MEPS+ to ISO 20022 in June 2022

    By Manesh Samtani | 21/06/2021

    MAS is adopting a two-phased approach to migrate to ISO 20022, beginning with payments on MEPS+ in June 2022.

    Market Infrastructure

    US Fed Extends Swap Lines with Nine Central Banks

    By Sanday Chongo Kabange | 20/06/2021

    The Fed has extended facilities provided to the central banks of Australia, Korea, Singapore and New Zealand, among others.

    Fintech / Regtech

    AFIN, R3 Partner to Launch CBDC Sandbox on APIX Platform

    By Editors | 16/06/2021

    MAS’ Sopnendu Mohanty says the collaboration will enable the global fintech ecosystem to better understand financial innovations around digital currencies.

    Market Infrastructure

    Banking on API Management to Succeed in the Digital World

    By David Chan | 16/06/2021

    AdNovum’s David Chan discusses the need to safeguard APIs as financial institutions increasingly seek to digitalise their services.

    Enforcement

    MAS Reprimands Four FIs Over Remuneration Practices

    By Sanday Chongo Kabange | 15/06/2021

    Two insurers, two financial advisory firms, and two individuals were reprimanded over breaches related to their risk management arrangements and remuneration  practices.

    Market Infrastructure

    Regulatory Harmonisation Critical to OTC Derivatives Reporting

    By Priya Kundamal | 11/06/2021

    The fragmentation of trade reporting rules and the lack of a common data set across jurisdictions hinders transparency and global risk monitoring, writes DTCC’s Priya Kundamal.

    Big Picture

    MAS Sets Out Climate Strategy in Inaugural Sustainability Report

    By Manesh Samtani | 09/06/2021

    Five asset managers have been appointed to manage S$1.8bn of Singapore’s official foreign reserves under new mandates focused on climate change and the environment.

    Market Infrastructure

    Culture & Conduct Risk: Singapore Sets the Pace for Peers

    By Stephen Scott | 08/06/2021

    Among global peers, Singapore is setting the pace for effective governance of culture and conduct risks, say Starling’s Stephen Scott and Mark Cooke.

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