Monetary Authority of Singapore

MAS Proposes New Safeguards for Vulnerable Customers

By Editors | 30/06/2021

MAS proposes additional safeguards for clients receiving financial advice if they are elderly, not proficient in English, or have lower academic qualifications.

CSRC Approves DBS Stake in Shenzhen Rural Commercial Bank

By Sanday Chongo Kabange | 30/06/2021

DBS will become the largest shareholder of Shenzhen Rural Commercial Bank, paving the way for its expansion in the GBA.

Securities / Derivatives

Singapore to Continue Electronic Dissemination of Offer Documents

By Editors | 29/06/2021

The extension of the temporary measure will allow rights issues and take-over or merger transactions to proceed within prevailing safe management measures.

Fintech / Regtech

MAS Launches Global Challenge for Retail CBDC Solutions

By Editors | 29/06/2021

Fintechs, financial institutions and solution providers from around the world are invited to submit innovative solutions that can address 12 problem statements.

Market Infrastructure

MAS Extends Financial Sector Training Support Measures

By Editors | 27/06/2021

The extensions will help Singaporeans continue to acquire in-demand skills and encourage FIs and fintechs to retain and upgrade staff capabilities.

Fintech / Regtech

MAS Authorises Sandbox Graduate HGX as Market Operator

By Ranamita Chakraborty | 25/06/2021

The HGX member-driven private securities exchange formed out of an alliance between Fundnel, PhillipCapital, PrimePartners and Zilliqa.

ESG / Sustainability

MAS Announces ‘Final’ Extension of Credit Relief Measures

By Editors | 24/06/2021

MAS says this is likely the final extension and that loan repayments must start normalising to minimise debt accumulation.

Fintech / Regtech

SFA Forms ‘Club’ to Drive Fintech Community Development

By Ranamita Chakraborty | 24/06/2021

SG FinTech Club will enable fintech professionals to make deeper connections with industry peers, upskill and access growth opportunities.

Financial Advice Standards Have Improved, MAS Finds

By Manesh Samtani | 22/06/2021

Financial advisers have enhanced their standards and raised the quality of advice provided to customers, MAS found in a mystery shopping exercise.