Monetary Authority of Singapore

Fintech / Regtech

SET, UOB Join SGX, Temasek as Investors in ADDX

By Editors | 25/05/2022

SET’s move to invest in ADDX reflects a trend towards a “new capital market landscape that emphasises continuity between the public and private markets”.

Market Infrastructure

Singapore, Switzerland to Promote Cross-border Data Connectivity

By Editors | 25/05/2022

MAS and SIF will work towards enabling data flows (including personal information) within financial groups, supported by free choice of location for data storage and processing.

Enforcement

MAS Charges Two Insurance Agents for Falsifying Documents

By Editors | 23/05/2022

Two insurance agents of Prudential Assurance Company Singapore provided false information to MAS in relation to an investigation it was pursuing.

Market Infrastructure

New Visa Rules Will Not Hinder Access to Foreign Talent: Menon

By Editors | 21/05/2022

MAS managing director Ravi Menon addressed concerns that a revised scoring system for employment pass applicants could impede hiring by Singapore FIs.

MAS Revises Notice on Unsecured Credit Facilities for Retail

By Editors | 19/05/2022

Banks should not increase credit limits if the total outstanding unsecured credit would exceed 6 times the borrower’s monthly income.

Market Infrastructure

Singapore Consults on Adjustment Spreads for Legacy SOR Contracts

By Manesh Samtani | 19/05/2022

Declining liquidity in the SOR-SORA basis swap market is causing difficulties in pricing adjustment spreads used to covert legacy SOR contracts to SORA-based contracts.

ESG / Sustainability

Singapore Launches ESG Registry Under Project Greenprint

By Manesh Samtani | 17/05/2022

STACS says the registry will provide financial institutions, corporates, and regulators access to quality ESG certifications and data.

Big Picture

Bank Culture Regarded as Critical Governance Priority: Report

By Manesh Samtani | 16/05/2022

Financial regulators are prioritising psychological safety, ‘speak up’ culture, and the ability to “predict and prevent” stakeholder harm, says a report from Starling.

Enforcement

MAS Imposes S$100,000 Civil Penalty for False Trading

By Editors | 13/05/2022

A woman pledged shares for margin purposes, then bought more near the close to artificially raise their closing prices and increase the value of her collateral.