Monetary Authority of Singapore
MAS, IFSCA sign MOU to strengthen supervisory cooperation of financial services
MAS, IFSCA sign MOU to strengthen supervisory cooperation of financial services
The MOU was signed in the presence of India’s prime minister Narendra Modi.
MAS’s framework for loss-sharing for bank scam victims “taking longer than expected”
Singapore’s financial regulator expects to publish the draft framework in the coming months.
MAS unveils new measures against digital banking scams
Default transaction limit for online fund transfers must be set to S$5,000 or lower.
Singapore wholesale digital-only bank Green Link Digital Bank debuts
The wholesale bank targets micro, small, and medium enterprises.
MAS slaps S$330m add'l capital requirement at OCBC after phishing fiasco
The review found deficiencies in the bank’s risk mitigation and incident management.
MAS, BIS develop prototype supervisory analytics platform
Project Ellipse aims to identify potential risks to individual banks and the banking system.
Singapore’s financial institutions on the lookout for risks arising from Russia
Local FIs are reportedly taking appropriate measures to manage risks, says MAS.
MAS extends facility to support bank lending to SMEs
This is to complement Enterprise Singapore’s temporary bridging loan programme for SMEs.
MAS clarifies coverage for loss arising from scams
OCBC fully-covering losses should not set a general precedent for future cases, the regulator said.
Singapore launches new measures to bolster digital banking security
Banks are asked to remove links in emails and SMS sent to customers.
Cryptocurrency ATMs close down in Singapore following MAS clampdown: report
Two operators, Daenerys and Deodi, have shut down their ATM machines in the city.
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.
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