Monetary Authority of Singapore

Cambodia joins ASEAN RPC initiative to boost payment links

RPC was launched in 2022 by central banks of Singapore, Indonesia, Malaysia, and more.

Foreign exchange and money markets functioning normally: MAS

The central bank said that it is ready to curb “excessive volatility” in the SGD.

Aspire secures capital markets service license in Singapore

It will launch its investment solution Aspire Yield soon.

BC Payments clinches in-principle approval for MPI license in Singapore

The company plans to double its Singapore headcount over the next year.

Straits Millennium obtains IPA for SG major payment institution licence

The company will offer digital payment token services in Singapore.

Singapore to unveil ‘expansionary’ budget: analysts

It is expected to shift to a fiscal deficit of 0.3% of its GDP.

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.