Monetary Authority of Singapore

Market Infrastructure

MAS Announces Measures to Develop Financial Sector Workforce

By Editors | 26/11/2020

MAS will launch a new Work-Study Support Programme to develop job-ready graduates and extend the Training Allowance Grant for company-sponsored trainees by six months.

Market Infrastructure

Singapore, Chongqing Work to Enhance Financial Connectivity

By Sanday Chongo Kabange | 25/11/2020

MAS managing director Ravi Menon spoke of collaboration between the two cities on trade, cross-border lending, green finance, and disaster risk insurance.

Market Infrastructure

MAS Offers Grants to Support Green and Sustainability-Linked Loans

By Editors | 25/11/2020

MAS will defray the costs associated with engaging independent sustainability assessment and advisory service providers for green and sustainability-linked loans.

Capital / Liquidity

MAS Launches New RMB Liquidity Facility for Banks

By Manesh Samtani | 23/11/2020

RMB funding of up to 3 months will be channelled to primary dealers, thereby enhancing credit intermediation and overall RMB market liquidity in Singapore.

Fintech / Regtech

Singapore’s iSTOX Signs Digital Securities MOU with Chongqing Regulator

By Sanday Chongo Kabange | 23/11/2020

The Chongqing Local Financial Supervision and Administration Bureau has pledged to support the establishment of an iSTOX digital securities exchange in Chongqing.

MAS Finalises New Rules for Insurers Managing Par Funds

By Editors | 22/11/2020

New requirements on how insurers offering participating insurance policies can charge expenses to Par funds will take effect on 1 January 2021.

Securities / Derivatives

Singapore Sees Regulatory Support for Bank-Issued Covered Bonds

By Editors | 18/11/2020

Moody’s Investors Service says the higher encumbrance limit set by MAS last month may increase covered bonds issuances, deepen the market and reduce refinance risks.

Market Infrastructure

Practical Tips for Compliance with Singapore’s IAC Guidelines

By Shuhui Kwok | 17/11/2020

Shuhui Kwok at Allen & Overy provides practical tips for FIs to consider when assessing the IAC Guidelines, their application and implementation.

Fintech / Regtech

BSP, MAS Declare Opposition to Data Localisation Requirements

By Editors | 16/11/2020

Data mobility in financial services supports economic growth, innovative financial services, risk management and compliance, BSP and MAS say in a joint statement.