Monetary Authority of Singapore - Announcements, Interviews & News Stories

Hg Exchange graduates from MAS regulatory sandbox

Hg Exchange (HGX), a private securities exchange formed by an alliance of leading capital market intermediaries, announced today its milestone graduation from the Monetary Authority of Singapore (MAS) Fintech Regulatory Sandbox with a Recognised Market Operator (RMO) license awarded by the MAS.

23 June 2021

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Singapore central bank set up green finance industry taskforce

A financial industry taskforce convened by the Monetary Authority of Singapore (MAS) launched today several initiatives to accelerate green finance in Singapore through improving disclosures and fostering green solutions.

19 May 2021

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MAS commits $42 million to RegTech grant scheme

The Monetary Authority of Singapore (MAS) announced today a new Regulatory Technology (RegTech) grant scheme and an enhancement of the Digital Acceleration Grant (DAG) scheme to accelerate technology adoption in the financial sector.

30 April 2021

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Monetary Authority of Singapore issues guidance on remote working

The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) jointly issued today a paper on managing new risks that could emerge from extensive remote working arrangements adopted by financial institutions (FIs) amid the COVID-19 pandemic.

02 March 2021

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MAS revises cyber risk guidelines

The Monetary Authority of Singapore (MAS) today issued revised Technology Risk Management Guidelines to keep pace with emerging technologies and shifts in the cyber threat landscape.

18 January 2021

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Singapore central bank reports successful first phase of ethical AI project

The Monetary Authority of Singapore (MAS) today announced the successful conclusion of the first phase of the Veritas initiative which saw the development of the fairness assessment methodology in credit risk scoring and customer marketing.

06 January 2021

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MAS consults on ID verification

The Monetary Authority of Singapore (MAS) today issued a consultation paper on the types of information required for non-face-to-face verification of an individual’s identity.

10 November 2020

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Singaporean financial institutions ordered to review security controls in light of Covid-19

The Monetary Authority of Singapore (MAS)'s Cyber Security Advisory Panel (CSAP) [1] stressed the need for financial institutions (FIs) to review their security controls given the elevated technology-related risks arising from remote working and safe management measures due to the COVID-19 pandemic.

10 November 2020

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MAS launches $35 million grant to help smaller banks streamline regulatory reporting

The Monetary Authority of Singapore (MAS) announced today the launch of a S$35 million Productivity Solutions Grant (PSG) for the financial services sector to help smaller financial institutions adopt digital solutions for more streamlined data reporting to MAS.

09 November 2020

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MAS doubles down on fintech innovation support

The Monetary Authority of Singapore (MAS) today announced that it will commit S$250 million over the next three years under the enhanced Financial Sector Technology and Innovation Scheme (FSTI 2.0) to accelerate technology and innovation-driven growth in the financial sector.

13 August 2020

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Singapore fintech festival to be week-long hybrid digital and physical event

The Monetary Authority of Singapore (MAS) and Enterprise Singapore announced that the Singapore FinTech Festival (SFF) x Singapore Week of Innovation & TeCHnology (SWITCH) will expand to become the world’s first week-long round-the-clock, hybrid digital and physical event.

03 August 2020

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Singapore investigates Citadelle and Senjo Group over Wirecard scandal

The Commercial Affairs Department (CAD) of the Singapore Police Force and the Monetary Authority of Singapore (MAS) have launched a joint investigation into Citadelle Corporate Services Pte Ltd (“Citadelle”), Senjo Group Pte Ltd and its subsidiaries (“Senjo”) for suspected falsification of accounts under the Penal Code (Cap 224), as well as carrying on a trust business without a licence under the Trust Companies Act (Cap 336).

03 July 2020

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