Monetary Authority of Singapore

Capital / Liquidity

MAS Highlights FX Liquidity, Cyber Risk in Latest FSR

By Manesh Samtani | 02/12/2019

In its latest Financial Stability Review, the MAS highlights pressures on foreign currency liquidity and the potential impacts of a cyber attack on Singapore banks and their service providers.

Enforcement

Third Individual Jailed in SGX Derivatives Spoofing Case

By Editors | 29/11/2019

The former proprietary trading firm director furnished a false statement to SGX Derivatives Trading with the intent of deceiving it about trading activities in futures contracts.

Employee Credit Checks by FIs Are Appropriate: MAS

By Editors | 29/11/2019

It is entirely appropriate for FIs to assure themselves that their employees and representatives are in good financial standing, the MAS says.

Securities / Derivatives

SGX RegCo Proposes Removal of Minimum Trading Price Rule

By Editors | 29/11/2019

SGX RegCo is proposing to scrap the MTP rule in light of its suite of other measures to deal with market manipulation, including the pairing of trading restrictions with ‘Trade with Caution’ alerts.

Market Infrastructure

MAS, ABS Conclude 6th Crisis Response Testing Exercise

By Editors | 23/11/2019

‘Exercise Raffles’ brought together the public and private sectors – including the FS-ISAC, HKMA, CSA, SGX, SWIFT and FIS Global – to test cyber and operational disruption response capabilities.

Crypto / Digital Assets

MAS Consults on Regulatory Approach for Crypto Derivatives

By Garima Chitkara | 21/11/2019

The MAS has received indications of interest for bitcoin and ether derivatives, regulated under the SFA, to be made available to investors in Singapore.

Enforcement

Fostering Customer Trust in the Financial Industry: MAS

By Editors | 18/11/2019

Regulators and FIs alike have an important part to play to build trust in the financial industry, MAS deputy managing director Ong Chong Tee said in a speech on Saturday.

Enforcement

UBS Fined in Singapore for Pricing Deception by Advisers

By Editors | 18/11/2019

The MAS penalty follows similar action taken against UBS by the Hong Kong SFC to penalise the bank and demand compensation for clients that were overcharged over a ten-year period.

AML / KYC

MAS to ‘Take Another Crack’ at KYC Utility Project

By Editors | 15/11/2019

The KYC Utility project was shelved last year after the setup costs were deemed to be too high. This time, the MAS will look at “less costly” technology architecture.