Monetary Authority of Singapore
Singapore, China reaffirm commitment to financial supervisory cooperation
Singapore, China reaffirm commitment to financial supervisory cooperation
The supervisory roundtable was held virtually.
New COVID outbreak, inflation, rising interest rates pose risks to Singapore’s financial stability: MAS
Banks should have enough buffers and find climate transition risks manageable.
DBS’ suffers digital bank service glitch; MAS mulls taking supervisory action
DBS Country Head Shee Tse Koon has apologised for the disruptions.
Singapore: Yes to wholesale, skeptical on retail digital fiat money
SG’s regulator remains iffy on cryptocurrencies—or, in MD Menon’s words, crypto tokens.
MAS, BSP ink enhanced fintech cooperative agreement
Singapore and Philippines' remittance flows totalled S$2.89b last year.
Singapore, Malaysia to link real-time payment systems PayNow, DuitNow
Remittances between the two countries reached S$1.3b in 2020.
Singapore, India to link PayNow, UPI payment systems by mid-2022
Fund transfers from India to Singapore will only need mobile phone numbers.
MAS forms sustainability group to drive green finance agenda
Former chief sustainability officer of Thai Union Group is the head of MAS' new group.
Singapore joins multi-central-bank project to test CBDC use for international settlements
The BIS Innovation Hub’s Singapore centre will lead the project.
Singapore Fintech Festival 2021 to discuss Web 3.0 for financial uses
It will take place from 8 to 12 November as a hybrid event.
MAS, BIS publish proposal on global retail payments network connectivity
Called Project Nexus, the blueprint outlines how countries can integrate their retail payment systems onto a single cross-border network.
Singapore lifts dividend cap on local banks, financial companies
Local financial firms are expected to remain resilient even should the economy slip into a recession again.
Digitalisation creeping into non-tech roles as Singapore banks accelerate hiring
The sector will continue in a “reform and transform” path, hinging on successful digital banking applicants.
MAS, France complete wholesale cross-border payment experiment using CBDC
It simulated cross-border transactions involving multiple CBDCs on a common network.
Singapore extends ESG loan facility to banks, FIs
Since being launched in April 2020 it has disbursed S$13.3b to FIs in support.
Singapore's MAS reprimands AIA FA, Prudential, Aviva FA & CEO for breach of rules
They failed to properly monitor individuals onboarded as advisors, directors.
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