Monetary Authority of Singapore

    Enforcement

    MAS Penalises Singapore National in LSE Insider Trading Case

    By Editors | 05/06/2019

    The penalty was the result of close cooperation and information sharing between MAS and the UK FCA, which had referred the case and provided investigative assistance.

    Capital / Liquidity

    Singapore Banks Well Positioned for Final Basel III Rules

    By Manesh Samtani | 02/06/2019

    Moody’s says Singapore performs better than other banking systems in a high stress scenario. The new report also looks at banks’ digitisation push.

    Market Infrastructure

    Singapore, Malaysia, Vietnam on US Watchlist for Currency Practices

    By Manesh Samtani | 31/05/2019

    The US Treasury’s monitoring list now names nine countries that could potentially be labeled currency manipulators, including China, Japan and Korea.

    Capital / Liquidity

    BCBS 239 – What Lies Ahead?

    By Irene Liu | 27/05/2019

    There is clear fatigue in the industry around BCBS 239 compliance, but the exercise has also enabled other capabilities, say PwC’s Irene Liu, David Yakowitz and Catherine Lee.

    Crypto / Digital Assets

    MAS Sandbox Admits SGX-Backed Digitised Securities Platform iSTOX

    By Editors | 27/05/2019

    From within the sandbox, iSTOX is currently onboarding the first batch of issuers and investors who will participate in issuance and trading of digitised securities starting in 4Q 2019.

    Fintech / Regtech

    HKMA Steps Towards Regulating Big Data Analytics, AI in FinTech

    By Hannah Cassidy | 24/05/2019

    Herbert Smith Freehills says the HKMA push for adoption of the Ethical Accountability Framework in FinTech development represents a broader movement toward regulating artificial intelligence.

    Market Infrastructure

    MAS, ABS Form Culture and Conduct Steering Group

    By Garima Chitkara | 23/05/2019

    The steering group will identify best practices, monitor trends and emerging issues, and collaborate on initiatives to promote strong culture and conduct.

    Market Infrastructure

    MAS Proposes Consolidated Regulation, Licensing for Merchant Banks

    By Editors | 22/05/2019

    MAS is consulting on proposals to consolidate regulation of merchant banks under the Banking Act, and to move them to a licensing regime.

    ESG / Sustainability

    Hong Kong: An Ecosystem Approach to Bank Culture Reform

    By Jeffrey Kupfer | 21/05/2019

    The HKMA is addressing culture and conduct risk by learning from other markets, engaging with other regulators, and exploring new technology, say Jeff Kupfer and Stephen Scott at Starling Trust.

    AML / KYC

    The Need for a Cross-Sector & Cross-Jurisdictional AML Regime

    By Claus Christensen | 16/05/2019

    It’s time to have a conversation about implementing real AML information sharing across organisations, sectors and jurisdictions, writes Claus Christensen at Know Your Customer Ltd.

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