Monetary Authority of Singapore - Announcements, Interviews & News Stories

MAS consults on measure to strengthen cyber-resilience of Singapore banks

The Monetary Authority of Singapore (MAS) today issued for consultation proposed requirements for financial institutions (FIs) in Singapore to implement essential cyber security measures to protect their IT systems.

06 September 2018

/regulation

Dubai and Singapore regulators sign fintech agreement

The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) today entered into an agreement that provides a framework for cooperation and referrals between the innovation teams of each authority.

29 August 2018

/retail

Singapore sets up education programme to retrain bankers for a digital world

Financial industry professionals can now seek skills upgrading, career advisory and job matching opportunities at the Institute of Banking and Finance’s (IBF) new career centre, IBF Careers Connect.

01 August 2018

/regulation

DTCC repository in Singapore to support equities and commodity trade reporting

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade infrastructure for the global financial services industry, today announced that it will be enhancing its Global Trade Repository[1] service (GTR) in support of the next phase of the Monetary Authority of Singapore’s (MAS) derivatives trade reporting requirements which are scheduled to take effect on 1 October 2018.

02 July 2018

/regulation

Singapore and India establish fintech working group

The Department of Economic Affairs (DEA), Government of India, and the Monetary Authority of Singapore (MAS) yesterday (June 1) signed a Memorandum of Understanding (MoU) to strengthen cooperation in financial innovation between Singapore and India, through the establishment of a Joint Working Group (JWG).

04 June 2018

/regulation

MAS takes action against token issuers

The Monetary Authority of Singapore (MAS) has warned eight digital token exchanges in Singapore not to facilitate trading in digital tokens that are securities or futures contracts without MAS’ authorisation.

25 May 2018

/wholesale

XTX to set up FX trading engine in Singapore

As part of its expansion in the Asian FX markets, XTX Markets’ Singapore entity (XTX Markets Pte. Ltd. (XTX)) is building a new electronic foreign exchange (eFX) pricing and trading engine which will go live in Equinix’s Singapore SG1 data centre in June 2018.

24 May 2018

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Finda Systems to test facial recognition tech under MAS PoC scheme

Finda System (Asia) Pte Ltd (Finda), a fintech company offering Know-Your-Customer (KYC) solutions to the banking sector, today announced receiving grant from Monetary Authority of Singapore (MAS) through the central bank’s FSTI (Financial Sector Technology and Innovation) Proof of Concept (POC) Scheme.

23 May 2018

/retail

AMBD and MAS ink fintech deal

The Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) today signed a FinTech Cooperation Agreement (CA) to foster innovation in financial services between Brunei Darussalam and Singapore.

14 May 2018

/regulation

Singapore to move to central clearing for OTC derivatives

The Monetary Authority of Singapore (MAS) will introduce regulations to require over-the-counter (OTC) derivatives to be cleared on central counterparties (CCPs), with effect from 1 October 2018.

03 May 2018

/regulation

Singapore and Vietnam sign fintech innovation pact

The Monetary Authority of Singapore (MAS) and the State Bank of Viet Nam (SBV) have agreed today to establish a new partnership to encourage FinTech innovation and to strengthen cooperation in banking supervision.

25 April 2018

/regulation

MAS fines Standard Chartered over AML failings

The Monetary Authority of Singapore (MAS) announced today that it has imposed penalties of S$5.2 million on Standard Chartered Bank, Singapore Branch (SCBS) and S$1.2 million on Standard Chartered Trust (Singapore) Limited (SCTS).

19 March 2018

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