Monetary Authority of Singapore
Regulators' push to curb tech outages may boost bank expenses by 20%
Regulators' push to curb tech outages may boost bank expenses by 20%
Banks in South and Southeast Asia must enhance tech systems or face firmer penalties.
HashKey OTC gets Singapore license to offer DPT services
It previously operated under an exemption.
MAS reprimands RVP One for SFR breaches
RVP failed to submit financial returns for 3 years, according to MAS.
MAS “closely monitoring” global IT outage
Major banks reported little to no impact to customers and key operations.
Singapore banks are phasing out OTPs for logins
Banks will instead use digital tokens to authenticate bank account login attempts.
Banks most vulnerable to illegal trade financing – MAS
Env Crimes generate between $110b-$281b in criminal gains yearly.
Singapore expands scope of guidelines on fair dealing
It now covers all financial institutions and all the products and services offered.
Singapore, Japan renew bilateral swap arrangement
Singapore can swap up to $3b whilst Japan can swap up to US$1b.
MAS not extending pause on DBS’ non-essential activities
DBS will still keep the 1.8x multiplier in risk weighted assets, however.
MAS eyes enhanced safeguards for elderly and non-english proficient financial clients
Authorities aim to implement enhancements no later than H2 2025.
MAS expands regulations for digital payment token service providers
It will impose requirements for anti-money laundering and user protection.
'Tighter' financial conditions to weigh on Singapore's lending market: MAS
Risks include high inflation, geopolitical tensions, and spillovers from China's economic situation and global real estate market strains.
Ex-CEO, directors of Envision Wealth Management charged by MAS
They allegedly committed offences against the Securities and Futures Act, amongst others.
MAS investigating Samlit for allegedly failing to remit money to China
The money changer is suspected of failing to comply with obligations as a licensed payment service provider.
Singapore warns of scammers impersonating central bank officers
About 41 individuals have fallen victim to scammers, with $2.6m in losses.
MAS unveils multi-sector transition taxonomy
This is the first taxonomy globally to pioneer the concept of a “transition” category.
MAS unveils responses for proposed regulation of DPT service providers
Regulations are expected to take effect in phases beginning mid-2024.
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ABF Corporate & Investment Banking Awards 2024 Winner: Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)
VietinBank won Project Infrastructure Finance Deal of the Year - Vietnam at the ABF Corporate & Investment Banking Awards 2024.
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Southeast Asia’s digital banks – the road from good to great