Monetary Authority of Singapore

MAS, BIS publish proposal on global retail payments network connectivity

Called Project Nexus, the blueprint outlines how countries can integrate their retail payment systems onto a single cross-border network.

MAS lifts dividend cap on local banks, financial companies

Local financial firms are expected to remain resilient even should the economy slip into a recession again.

Digitalisation creeping into non-tech roles as Singapore banks accelerate hiring

The sector will continue in a “reform and transform” path, hinging on successful digital banking applicants.

MAS, France complete wholesale cross-border payment experiment using CBDC

It simulated cross-border transactions involving multiple CBDCs on a common network.

Economic growth could exceeed 4-6% forecast: MAS

MAS Managing Director Ravi Menon said the government could upgrade its GDP forecast for 2021.

MAS net profit plummets by more than 50% to $5.2b

Half of the profit will be added to its reserves, whilst half will go to the government.

MAS, international agencies launch Global Challenge for CBDC solutions

Finalists will receive mentorship from industry experts, a chance to prototype their solutions, and a cash prize.

MAS extends training measures for SG workers

The training support will be extended until July 2022.

Moody's: MAS measures against erring insurers to boost client confidence

The overall business impact would be temporary because no further penalties were handed out.

Overall inflation rises 2.4% in May

Core inflation increased 0.8% year-on-year.

MAS extends US$60b swap arrangement with US Fed

Since its launch in March 2020, the MAS USD Facility has provided US$25b to banks.

Singapore's MAS reprimands AIA FA, Prudential, Aviva FA & CEO for breach of rules

They failed to properly monitor individuals onboarded as advisors, directors.