Monetary Authority of Singapore
MAS enforced over S$20m in penalties in past 18 months
Authorities issued 18 prohibition orders and logged a total of 39 criminal convictions.
6 days ago
MAS enforced over S$20m in penalties in past 18 months
Authorities issued 18 prohibition orders and logged a total of 39 criminal convictions.
6 days ago
Central bank says cut-off yield of new 6-month T-bill at 3.73%
Its maturity date is 19 March 2024.
SBV joins Singapore’s central bank and other ASEAN countries in RPC initiative
It will boost collaboration on payment connectivity.
MAS assigns a price of $2.8b for 50-year green SGS bond
The green bond’s yield of reopened issue of 3.04% per annum.
Headline inflation eases to 4.1% in July due to private transportation costs
Meanwhile, core inflation went down 3.8% YoY in July 2023.
Collection of LKY100 coins to begin in September
The central bank minted 4 million coins.
Online nomination of insurance beneficiaries available soon: MAS
Singapore has amended insurance regulations to allow online nomination of beneficiaries.
New requirements published for DPT service providers
It will mitigate the risk of loss or misuse of customers’ assets.
DPM Wong is the new chairman of MAS’ board of directors
Wong will survive beginning 8 July up to 31 May 2026.
MAS kicks off public consultation for code of conduct of ESG ratings, data products
The proposed code will establish minimum industry standards of transparency in methodologies and data sources.
MAS launches consultation for coal phase-out criteria
Amongst criteria listed is that CFPPs must be phased out by 2040.
MAS floats raising deposit insurance coverage to S$100,000
This will result in 91% of deposits being fully covered by deposit insurance.
Ripple clinches in-principle regulatory approval to offer digital payment tokens in Singapore
Majority of its on-demand liquidity transactions flow from Singapore, the company said.
MAS completes investigation on Citadelle; no further action taken
Citadelle did not breach the Trust Companies Act, according to MAS.
DBS accepts S$2.6m penalty for AML control breaches
It is being fined for breaches related to 11 of its corporate customers.
MAS suggests digital money standards through whitepaper
The paper includes technical specifications detailing the entire lifecycle of purpose bound money.
MAS to set expectations on credible transition planning
The guidance will cover FIs governance frameworks in managing climate-related financial risks.
Commentary
For elusive crypto clarity, the world turns to Singapore
Building Singapore's Future: Embracing Technology for Safer and Smarter Construction
How new technology is enabling Singapore, APAC to transition to a clean future
How data backup can benefit from artificial intelligence and machine learning