Monetary Authority of Singapore

    image

    Fintech / Regtech

    MAS Issues Amended E-Payments User Protection Guidelines

    By Nithya Subramanian | 29/10/2024

    The guidelines take effect the same day as the new Shared Responsibility Framework for phishing scams. MAS also issued a circular on anti-scam measures for MPIs that provide e-wallets.

    image

    Capital / Liquidity

    MAS Consults on Risk-based Capital Framework For Insurers

    By Nithya Subramanian | 25/10/2024

    MAS proposes to introduce differentiated capital treatment for infrastructure investments and to revise the approach for structured products under the RBC 2 framework.

    image

    Fintech / Regtech

    Singapore to Launch Scam Loss Sharing Framework in December

    By Nithya Subramanian | 25/10/2024

    FIs have five duties under the framework, including a newly added requirement to implement real-time fraud surveillance.

    image

    AML / KYC

    MAS, ABS Issue Guidance on Conducting AML/CFT Audits

    By Nithya Subramanian | 22/10/2024

    MAS issued a circular offering guidance for AML/CFT audits at FIs, while the ABS released a best practice paper to enhance audit standards.

    image

    AML / KYC

    MAS Updates AML/CFT Guidelines to Support COSMIC Initiative

    By Editors | 22/10/2024

    The Guidelines to Notice 626 and Notice FSM-N02  were revised to align with requirements related to the COSMIC information sharing platform.

    image

    Singapore Amends Insurance Act Blocking Allianz-Income Deal

    By Nithya Subramanian | 18/10/2024

    The changes mean an extra layer of approval will be required for transactions involving insurers that are co-operatives or have co-operative links.

    image

    Enforcement

    SGX Lifts Moratorium on UOBKH Following Remedial Actions

    By Nithya Subramanian | 18/10/2024

    UOBKH is now allowed to resume acting as an issue manager or full sponsor for new IPOs and reverse takeovers on SGX.

    image

    Fintech / Regtech

    MAS to Continue Suspension of Certain China Remittance Channels

    By Nithya Subramanian | 27/09/2024

    MAS is still reviewing whether to expand the suspension to corporate and legal entity customers of remittance companies.

    image

    Crypto / Digital Assets

    MAS Updates Consumer Protection Guidelines for Crypto Firms

    By Nithya Subramanian | 26/09/2024

    The updated guidelines reflect decisions set out by MAS in November 2023, focusing on consumer access, conflicts of interest and business conduct.

    image

    Fintech / Regtech

    MAS Forms Panel of Cyber & Technology Resilience Experts

    By Nithya Subramanian | 26/09/2024

    The panel comprises 13 experts who will advise MAS on technology risks and threats facing the financial sector.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.