Monetary Authority of Singapore

    Market Infrastructure

    MAS 610/1003 Pilot Testing Gateway Set for April Launch

    By Manesh Samtani | 02/03/2020

    A six-month parallel reporting phase for the new MAS 610/1003 returns was meant to start from 1 April, but this was pushed forward by three months earlier in the year.

    Fintech / Regtech

    Is RegTech Coming of Age in Australia?

    By Stephen Scott | 25/02/2020

    Regtech is not fintech, says Stephen Scott at Starling. While fintech firms look to regulators for permission, what most regtech firms require from regulators is their collaboration.

    Market Infrastructure

    MAS Issues Guidance on Investment Suitability, Pricing in Private Banking

    By Editors | 17/02/2020

    MAS looks to private banks’ boards and senior management to ensure the effectiveness of policies, processes, controls and systems in sales and advisory practices, and to shape the staff behaviour.

    Market Infrastructure

    IMF, MAS Offer Guidance on Assessing Cyber Risk

    By Manesh Samtani | 12/02/2020

    A new IMF-MAS paper presents data sources and methods that can be used to analyse and assess cyber risk, illustrated with applications to Singapore.

    MAS Issues Advisory to FIs Amid Higher Coronavirus Alert Level

    By Editors | 10/02/2020

    MAS asks financial institutions to ensure business continuity and warns that cyber threat actors are taking advantage of the novel coronavirus situation to conduct email scams, phishing and ransomware attacks.

    MAS Proposes New Requirements for Insurers Managing Par Funds

    By Editors | 07/02/2020

    Among the new requirements introduced for insurers is an obligation to ensure that any charge or expense allocated to the Par Fund is “fair and reasonable”.

    Market Infrastructure

    US, Singapore Jointly Declare Opposition to Data Localisation

    By Editors | 06/02/2020

    The US and Singapore support allowing financial service suppliers to transfer data across borders and oppose generally applicable data localisation requirements.

    ESG / Sustainability

    MAS to Broaden Range of Climate Risks Included in Stress Tests

    By Editors | 05/02/2020

    The current priority is to collect climate-related data and understand how it impacts FIs in order to conduct a proper stress test, says MAS board member Ong Ye Kung.

    Fintech / Regtech

    MAS Sandbox Graduate ‘iSTOX’ Approved for Full Launch

    By Editors | 04/02/2020

    The iSTOX platform connects buyers and sellers of digitised securities denominated in fiat currencies, catering to institutional and accredited investors in Singapore.

    Market Infrastructure

    Buy-side Adoption of FX Global Code Lagging: BIS

    By Editors | 31/01/2020

    More needs to be done to bolster buy-side adoption of the FX Global Code, says MAS deputy managing director Jacqueline Loh, who also chairs the BIS Markets Committee.

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