Monetary Authority of Singapore

Fintech / Regtech

Thailand Central Bank Digital Currency Prototype Slated for Q1 2019

By Editors | 22/08/2018

Bank of Thailand will work with 8 participating banks to design, develop and test domestic wholesale funds transfers using a central bank digital currency.

Fintech / Regtech

Virtual Banks in Hong Kong: Bringing Risks and Opportunities To Asia

By Kristi Swartz | 21/08/2018

A new era of smart banking in Hong Kong is anticipated to begin at the end of this year with the establishment of virtual banks. Competent players will embrace enormous opportunities to challenge the city’s traditional banking model.

Fintech / Regtech

Data Challenges Continue as Top Regulatory Concern in APAC – AxiomSL

By Manesh Samtani | 14/08/2018

Risk and regulatory executives surveyed have identified data challenges, regulatory change and compliance resources as top pain points in financial services sector.

ESG / Sustainability

Singapore Adopts Revised Corporate Governance Code

By Garima Chitkara | 09/08/2018

New code is based on recommendations by the Corporate Governance Council and focuses on strengthening board independence and diversity; SGX has incorporated the new code in its listing rules.

Fintech / Regtech

Financial Regulators Consult on ‘Global Sandbox’ Approach

By Manesh Samtani | 09/08/2018

HKMA, MAS, ASIC among 12 regulators seeking views from interested parties on new Global Financial Innovation Network initiative, including its role, tools and where it should prioritise activity.

Securities / Derivatives

SGX, NSE Resume Talks on Possible GIFT City Collaboration

By Garima Chitkara | 26/07/2018

The arbitrator has deferred judgement on the data sharing dispute until talks on collaboration between the two exchanges on a trading and settlement platform at GIFT City conclude.

AML / KYC

SingHealth Breach Prompts MAS Tightening of Customer Verification

By Garima Chitkara | 26/07/2018

MAS asked financial institutions to use additional information like one-time passwords and biometrics to identify consumers over and above existing consumer verification processes.

Fintech / Regtech

Technology and Regulation: Rapidly Reforming the Funds Industry

By Leo Chen | 25/07/2018

The Asian funds industry is undergoing a period of fundamental change and challenge. This is a result of shifting investor demographics, rapid technological development, the emergence of technology firms and tightening regulation.

AML / KYC

Combating Financial Crime with Data Analytics – MAS

By Manesh Samtani | 24/07/2018

In the year ahead, the MAS will focus on the use of data analytics as well as boosting industry collaboration in its fight against money laundering and terrorism financing.