Monetary Authority of Singapore

    image

    AML / KYC

    MAS, IMDA Propose Loss Sharing Framework for Phishing Scams

    By Manesh Samtani | 25/10/2023

    The framework assigns FIs and telcos duties to mitigate phishing scams, requiring them to bear full losses where these duties are breached.

    image

    Securities / Derivatives

    MAS to Streamline Regulatory Regime for Fund Managers

    By Editors | 24/10/2023

    The RFMCs regime will be repealed. Existing RFMCs will transition to become Licensed Fund Management Companies instead.

    image

    ESG / Sustainability

    Financial Viability Biggest Challenge in Coal Phase-Out: SIEW Panel

    By Ranamita Chakraborty | 24/10/2023

    Collaboration and transition credits could be key in addressing the financial viability of coal phase-out, said panellists at the Singapore International Energy Week Summit.

    image

    Singapore’s DBS Experiences Digital Payment Service Disruption

    By Editors | 21/10/2023

    The 20 October disruption to the bank’s PayLah service came less than a week after a weekend outage that lasted more than 12 hours.

    image

    Enforcement

    MAS Bans Former AXA and Aviva Financial Advisers

    By Editors | 20/10/2023

    The former advisers were banned for allowing unlicensed individuals to perform financial advisory services on their behalf.

    image

    Fintech / Regtech

    India to Add More Banks to Singapore Payments Linkage – Report

    By Sanday Chongo Kabange | 19/10/2023

    India and Singapore are planning to expand the number of Indian banks participating in the PayNow-UPI linkage launched in February.

    image

    Enforcement

    MAS Instructs DBS, Citi to Investigate Delayed Recovery from Outage

    By Editors | 19/10/2023

    The banks took longer than the required four hours to recover from last Saturday’s outage. MAS said it will take appropriate supervisory actions after gathering the necessary facts.

    image

    Fintech / Regtech

    MAS to Cooperate with Saudi Central Bank on Fintech

    By Editors | 19/10/2023

    MAS and SAMA will enable cooperation between their innovation departments and share information regarding fintech.

    image

    ESG / Sustainability

    MAS Issues Net Zero Transition Planning Guidelines for FIs

    By Manesh Samtani | 19/10/2023

    Banks, insurers, and asset managers must “actively support” borrowers, insured parties, and investee companies to progressively decarbonise.

    image

    AML / KYC

    MAS to Commence Bank AML Inspections Within Weeks – Report

    By Editors | 18/10/2023

    The inspections will target banks whose clients were among those charged in Singapore’s S$2.8bn money laundering case.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team