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Market Infrastructure
The MAS Approach to Cultivating Ethical Culture in Banking
By Manesh Samtani | 29/03/2019
MAS emphasises incentive structures as the key to driving ethical behaviour and encourages banks to adopt good practices highlighted in a new information paper.
Enforcement
Singapore Charges Three for Spoofing Index Futures
By Editors | 28/03/2019
In a MAS-CAD joint investigation, three individuals are being charged for allegedly spoofing SGX-MSCI index futures and giving false statements to SGX.
AML / KYC
MAS Details Enforcement Outcomes, Priorities in Inaugural Report
By Manesh Samtani | 20/03/2019
The inaugural enforcement report reveals that MAS issued S$16.8mn in financial penalties and S$698,000 in civil penalties over 18 months.
Market Infrastructure
MAS Publishes Finalised Mandatory Trading Regulations for Derivatives
By Kai Loon Loh | 19/03/2019
Kai Loon Loh and Patrick Phua at global law firm Ashurst sum up the key takeaways from the MAS response to consultative feedback and the now-finalised mandatory trading regulations.
Market Infrastructure
For Cybersecurity Best Practice, Look to the Finance Industry
By Pieter Danhieux | 14/03/2019
Security expert Pieter Danhieux discusses how firms can improve culture, training programmes and coding practices, to help the financial industry maintain leadership in cybersecurity.
Market Infrastructure
MAS, CFTC Agree to Mutually Recognise Derivatives Venues
By Editors | 14/03/2019
The agreement enables US and Singapore OTC derivatives participants to trade with one another on the same platforms, allowing for more efficient risk management.
AML / KYC
Anarchy in the UK’s Sanctions Regime
By Eric A. Sohn | 13/03/2019
In light of the OFSI’s recent fine on Raphaels Bank, Eric Sohn at Dow Jones Risk & Compliance looks at other seemingly outsized penalties, and what they could mean.
Big Picture
MAS’ Ravi Menon on Blockchain Misconceptions – Speech
By Manesh Samtani | 11/03/2019
In a recent speech, MAS managing director Ravi Menon shared his views on blockchain, common misconceptions and use-cases where the technology shows the most promise.
Market Infrastructure
MAS Enhances Guidelines on Technology Risk, Business Continuity
By Editors | 08/03/2019
Both guidelines under consultation continue to emphasise the importance of risk culture, and the roles of the board and senior managers in technology risk and business continuity management.
Fintech / Regtech
MAS Centralises Technology Functions to Drive Digital Transformation
By Editors | 07/03/2019
The MAS’ new Technology Group will centralise its technology capabilities and strengthen supervision of technology risks in the financial sector.
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