Monetary Authority of Singapore

    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.

    Enforcement

    MAS Bans Former Representative Over Forgery Conviction

    By Editors | 04/06/2021

    The former representative deceived online platform OANDA into crediting money into his personal trading account through forged screenshots of a bank transfer.

    Crypto / Digital Assets

    MAS Issues Guidance on Managing Risks of Cloud Services

    By Editors | 04/06/2021

    In a new advisory, MAS highlights the key risks and control measures FIs should consider before adopting public cloud services.

    Market Infrastructure

    Singapore Seeks to Enhance VCC Fund Structure

    By Manesh Samtani | 04/06/2021

    The enhancements will expand the types of investors that can use the VCC and ease conversion and redomiciliation processes.

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