Monetary Authority of Singapore

Fintech / Regtech

Uncovering the Terms and Conditions for Technology

By Max Kantelia | 27/08/2019

Legislators and industry leaders need to work together to ensure the benefits of innovation do not come at the cost of fairness, choice, and privacy, says Zilliqa co-founder Max Kantelia.

Capital / Liquidity

MAS Offers Banks Guidance on Managing Loan Collateral

By Editors | 24/08/2019

In a review of collateral management standards and practices banks use when lending to corporates, MAS has identified four key areas that need improvement.

Capital / Liquidity

Singapore Large Exposures Rules to Take Effect in Oct 2020

By Editors | 22/08/2019

MAS published a draft large exposures framework in early 2018, trying to meet the BCBS timeline for adoption in January 2019. The final rules will now take effect in October next year.

AML / KYC

NTU Singapore to Develop New Tools to Fight Money Laundering

By Editors | 22/08/2019

Supported by the MAS and Singapore’s major banks, the project seeks​ to help wealth managers address money laundering risks with new AI and machine learning capabilities.

AML / KYC

Singapore Crypto Sector Consults on AML/CFT Code of Practice

By Editors | 15/08/2019

The code was facilitated by MAS and developed in consultation with ABS by ACCESS, the Association of Cryptocurrency Enterprises and Start-ups, Singapore.

Fintech / Regtech

Regulatory Trends: Behavioural Science in Culture & Conduct Supervision

By Stephen Scott | 15/08/2019

Regulators are adopting behavioural science tools pioneered by the Dutch central bank in their supervisory efforts, and firms are taking notice, says Stephen Scott at Starling.

AML / KYC

Singapore Shell Companies Vulnerable to Money Laundering: MAS

By Editors | 14/08/2019

While money launderers and tax evaders have traditionally used offshore companies, some have shifted to onshore companies to evade detection.

Fintech / Regtech

Singapore Brokers Directed to Enhance Trade Surveillance Systems

By Manesh Samtani | 08/08/2019

MAS and SGX RegCo have released a practice guide outlining five guiding principles for brokers to use in the review and design of their trade surveillance programmes.

Fintech / Regtech

MAS Launches Faster Option Sandbox Testing

By Editors | 08/08/2019

Sandbox Express entails an approval process of just 21 days before firms can start testing innovative financial products and services in a pre-determined environment.