Monetary Authority of Singapore
Straits Millennium obtains IPA for SG major payment institution licence
Straits Millennium obtains IPA for SG major payment institution licence
The company will offer digital payment token services in Singapore.
8 hours ago
Singapore to unveil ‘expansionary’ budget: analysts
It is expected to shift to a fiscal deficit of 0.3% of its GDP.
5 days ago
XTransfer granted MPI license in Singapore
XTransfer will launch its payments solutions soon.
SG insurers see growth in new business premiums and asset holdings
However, higher interest rates could constrain new business growth and increase policy redemptions.
MAS says households must exercise financial prudence amidst uncertainties
Household risks remain contained with strong buffers, but resilience is crucial amidst geopolitical uncertainties.
Singapore banks well-positioned to manage challenges: MAS
The banking system has strong capital and liquidity buffers, the central bank said.
MAS updates rules on life insurance product launches
The changes aim to ensure adequate regulatory oversight.
Crypto exchange OKX unveils zero-fee SGD deposits and withdrawals
The deposits and withdrawals will be facilitated by local bank DBS.
MAS fines Atrium Asia Investment $1.9M for AML/CFT compliance breaches
It breached the requirements from June 2015 to October 2020.
BIS, central banks embed regulatory compliance in cross-border payments
Project Mandala has now reached proof of concept stage.
MAS, ABS hold exercise to bolster finance sector's operational resilience
Participants simulated various scenarios like cyberattacks to test their response capabilities.
Singapore amends insurance bill post-Allianz deal
Key concern raised by the MCCY is the terms and structure of the deal.
ANZ joins Singapore’s Project Guardian
The bank will explore blockchain interoperability to exchange tokenised real-world assets.
MAS issues 5-year prohibition order against Pan Qi
Qi was sentenced to 5 weeks’ imprisonment and fined $120,000 in 2023.
Qoo10 ordered to suspend payments in Singapore
It was unable to prove it can meet its payment obligations to merchants on time, MAS said.
Singaporean banks roll out face verification for digital token setup
It is expected to make it harder for scammers to take over a customer’s DT.
Single family offices reach 1,650 as wealth management sector booms
Chee Hong Tat said the sector could grow further through philanthropy, investing, and talent building.
Commentary
Adapting to changing consumer needs in an evolving property market