Monetary Authority of Singapore

Enforcement

1MDB Saga Rumbles on in Singapore with Bans for Ex-Maybank, NRA Capital Staff

By Editors | 02/11/2017

Individuals banned for six years after conviction for 1MDB-related bribe; former representative of BSI Bank faces lifetime ban.

Capital / Liquidity

Singapore Proposes Liquidity Risk Management Rules for Fund Managers

By Samuel Riding | 30/10/2017

MMFs will face more enforceable requirements than other portfolios, including rules on average maturity, 1-day/5-day redemption.

Fintech / Regtech

Old Rivals Hong Kong, Singapore Launch Fintech Tie-up

By Editors | 26/10/2017

Decision to work together on distributed ledger, other fintech initiatives belie reputed rivalry between two financial centres.

Fintech / Regtech

Singapore Enters 2nd Phase of Blockchain-based Payments Trial

By Editors | 09/10/2017

Trial has already been completed on interbank transfers; blockchain programme will be extended to include securities sector as well as payments.

AML / KYC

Standard Chartered Guernsey-Singapore Transfers Under Investigation

By Editors | 09/10/2017

Authorities suggest bank may have conducted $1.4bn of transfers to Singapore to avoid being caught under Common Reporting Standard.

Capital / Liquidity

Hong Kong Belatedly Joins Singapore in Pushing Back IRRBB

By Editors | 28/09/2017

Implementation delayed by a year as firms say they might not have met original deadline due to having to make substantial changes to reporting systems.

Fintech / Regtech

ASEAN Fintechs, Banks Set up Pan-regional Sandbox to Boost Financial Inclusion

By Samuel Riding | 21/09/2017

Sandbox board includes ASEAN Bankers Association, Monetary Authority of Singapore and is being advised by Intel, Microsoft Asia Pacific and IBM Philippines.

Fintech / Regtech

MAS Creates Advisory Panel on Cybersecurity

By Editors | 21/09/2017

Panel on cybersecurity and resilience includes representatives from Accenture, JPMorgan, London Stock Exchange, PwC and Standard Chartered Bank.

Market Infrastructure

SGX Regulatory Subsidiary Ready to Start Operations

By Editors | 12/09/2017

SGX RegCo will begin operations on Friday (12 September) with three new board members joining Tan Cheng Han and Tan Boon Gin at the helm.