Monetary Authority of Singapore

Market Infrastructure

MAS, Central Banks Explore Alternative Models for Cross-Border Payments

By Manesh Samtani | 20/11/2018

The central banks of Singapore, Canada and England jointly released a report discussing emerging opportunities for digital transformation in cross-border payments.

AML / KYC

MAS Payment Services Bill Finalised, Tabled in Parliament

By Manesh Samtani | 19/11/2018

The Bill aims to provide a more conducive environment for innovation in payment services, while ensuring that risks across the payments value chain are mitigated.

Market Infrastructure

Singapore Banking Body Publishes Cybersecurity Assessment Guidelines

By Editors | 16/11/2018

The guidelines provide financial institutions with best practices and guidance on planning and conducting Red Teaming exercises to enhance security testing.

Fintech / Regtech

India’s Modi Launches Online Marketplace for Fintech Services

By Editors | 16/11/2018

India’s Prime Minister Narendra Modi on 14 November at Singapore Fintech Festival announced the launch of APIX, an online marketplace and sandbox for cross-border fintech services.

Press Release

DTCC Wins Best Solution in Trade Reporting

By Editors | 15/11/2018

DTCC has been awarded the Best Solution in Trade Reporting in the inaugural Regulation Asia Awards for Excellence 2018.

Press Release

AxiomSL Credited for Outstanding Collaboration on MAS 610 Taxonomy

By Editors | 15/11/2018

AxiomSL has been awarded Outstanding Collaborative Initiative for the MAS 610 Open Taxonomy in the inaugural Regulation Asia Awards for Excellence 2018.

Market Infrastructure

FSB Issues Progress Report on Interest Rate Benchmark Reform

By Manesh Samtani | 15/11/2018

The FSB notes progress to strengthen major IBORs and identify RFRs and other alternative reference rates, highlighting actions taken in Australia, Hong Kong and Singapore.

Market Infrastructure

SGX to Distribute China Interbank Bond Indices to International Investors

By Garima Chitkara | 15/11/2018

The agreement to distribute CFETS-BOC bond indices outside of China is just one among four agreements signed between China and Singapore this week.

AML / KYC

OFAC Highlights Potential Gap in Singapore’s Sanctions Regime

By Eric A. Sohn | 15/11/2018

Singapore can do more to prevent sanctions violations by domestic firms playing out on the international stage, says Eric A. Sohn at Dow Jones Risk & Compliance.