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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.
Market Infrastructure
Are We Ready for the Next Financial Crisis?
By Adrien Vanderlinden | 05/03/2019
DTCC’s Adrien Vanderlinden explores the biggest threats to financial stability 10 years after the financial crisis, and how Asia is responding to potential cyber-threats.
Market Infrastructure
EU, Singapore Agree to Mutually Recognise Derivatives Venues
By Editors | 21/02/2019
Singapore and EU-based firms will be able to trade derivatives on approved platforms based in either jurisdiction following proposed equivalence decisions by both regulators.
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