Monetary Authority of Singapore

Enforcement

MAS Issues Prohibition Orders Against Two Former Insurance Agents

By Editors | 16/10/2023

The former insurance representatives submitted a claim for a leg injury despite knowing it occurred before the insurance policy application.

Securities / Derivatives

Singapore, Shanghai to Collaborate on Asset Management

By Editors | 16/10/2023

IMAS and the Asset Management Association of Shanghai will collaborate to advance the development of their asset management industries.

Crypto / Digital Assets

MAS Grants Major Payments Institution Licence to Upbit

By Editors | 16/10/2023

Upbit is South Korea’s largest crypto exchange. The group also has regulated digital asset exchanges in Indonesia and Thailand.

Singapore Data Centre Issue Causes DBS, Citibank Disruptions

By Editors | 16/10/2023

The Saturday disruption was caused by an issue at an Equinix data centre that is used by multiple organisations.

Crypto / Digital Assets

Singapore Builds Trust in Crypto with New Regulations

By Ranamita Chakraborty | 16/10/2023

Regulation Asia speaks to legal experts on what lies ahead for DPT service providers in Singapore as they navigate the evolving regulatory landscape.

Securities / Derivatives

MAS Issues Liquidity Risk Management Guidance for Funds

By Manesh Samtani | 13/10/2023

The new information paper sets out expectations in four areas: governance, product design, ongoing LRM, and stress testing.

Big Picture

The Philippines Banks on Cloud Adoption for Operational Resilience

By Ranamita Chakraborty | 11/10/2023

BSP’s Jovelyn Hao shares at a conference how the Philippine central bank sees cloud adoption as an enabler for banks’ operational resilience.

Crypto / Digital Assets

Singapore Law Well-Placed to Support Digital Bonds Growth

By Jill Wong | 09/10/2023

Singapore law has what it takes to support the growth of the digital bonds market, say two Linklaters lawyers.

MAS and Industry Bodies Publish Financial Planning Guide

By Editors | 08/10/2023

Financial advisory firms and their representatives are asked to refer to the guide in their financial planning conversations with customers.