Monetary Authority of Singapore - Announcements, Interviews & News Stories

MAS consults on environmental risk management guidelines

The Monetary Authority of Singapore (MAS) today issued a set of three consultation papers on its proposed Guidelines on Environmental Risk Management (Guidelines) for banks, insurers and asset managers.

25 June 2020

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BNY Mellon and MAS launch FX pricing engine

BNY Mellon announced today that it will build a high-performance FX pricing and trading engine in partnership with the Monetary Authority of Singapore (MAS), the latest milestone as the bank continues to enhance its foreign exchange presence in the region.

04 June 2020

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Monetary Authority of Singapore begins collation of 'fairness' metrics for bank AI development

The Monetary Authority of Singapore (MAS) announced today that the first phase of the VeritasVeritas, which is a part of Singapore’s National AI Strategy, aims to provide financial institutions with a verifiable way to incorporate the FEAT (Fairness, Ethics, Accountability and Transparency) principles into their AIDA solutions.

28 May 2020

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MAS to extend assessment period for digital bank licences

The Monetary Authority of Singapore (MAS) announced today that it will extend the assessment period for the award of digital bank licences.

09 April 2020

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MAS tells financial institutions to adopt safe distancing measures

The Monetary Authority of Singapore (MAS) issued today an advisory to all financial institutions (FIs) in Singapore, telling them to implement safe distancing measures in all aspects of their business operations, especially customer touch points.

23 March 2020

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MAS raises alert levels to Orange as Coronavirus fears grow

Following the raising of the Disease Outbreak Response System Condition (DORSCON) Alert Level from Yellow to Orange, the Monetary Authority of Singapore (MAS) issued an advisory on 7 February 2020 for financial institutions in Singapore to adopt additional measures and precautions.

10 February 2020

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Singapore and US reach agreement on financial data sharing

U.S. Treasury Under Secretary for International Affairs Brent McIntosh and Monetary Authority of Singapore Deputy Managing Director Jacqueline Loh met in Singapore to discuss the importance of data connectivity in financial services.

06 February 2020

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Monetary Authority of Singapore ushers in new Payments Act

The Monetary Authority of Singapore (MAS) today announced the commencement of the Payment Services Act (PS Act).

28 January 2020

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MAS alerts financial institutions to vulnerability in Microsoft Windows Operating System

The Monetary Authority of Singapore (MAS) had issued an advisory on 15 January to alert financial institutions in Singapore of critical vulnerabilities in the Microsoft Windows Operating System.

17 January 2020

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Exchange body welcomes Singapore consultation on crypto trading

The World Federation of Exchanges ("WFE"), the global industry group for exchanges and central counterparties (“CCPs”), has today responded to the Monetary Authority of Singapore’s (“MAS”) Consultation Paper on Proposed Regulatory Approach for Derivatives Contracts on Payment Tokens (crypto assets).

20 December 2019

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Singapore wraps up two-day cyber wargame

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) jointly conducted a cyber-themed business continuity exercise to strengthen the financial sector’s resilience to cyber-attacks and operational disruptions.

22 November 2019

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MAS consults on relaxing restrictions on payment token deriviatives

The Monetary Authority of Singapore (MAS) today issued a consultation paper proposing to allow payment token derivatives to be traded on Approved Exchanges and to regulate the activity under the Securities and Futures Act.

20 November 2019

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