Monetary Authority of Singapore
DBS accepts S$2.6m penalty for AML control breaches
It is being fined for breaches related to 11 of its corporate customers.
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.
Artificial intelligence at the epicenter of Singapore FinTech Festival 2023
The event is scheduled for 15 to 17 November.
MAS slams 6 ex-Great Eastern financial advisers with prohibition orders
This follows after the six individuals were convicted of tax evasion.
Central bank explores responsible AI practices through new tech firm collab
It partnered with Google Cloud to also cultivate technologists with AI skills.
Core inflation was unchanged in April as travel services post higher inflation
The central bank said there was lower inflation for electricity and gas.
MAS issues 8-year ban to former AIG, Liberty insurance agent
Yeo Siew Liang James was convicted of 18 counts of corruption in 2021.
Ravi Menon reappointed as managing director of MAS
Senior Advisor Goh Chok Tong is stepping down from his position.
MAS proposes digital platform to help banks easily detect financial crime
It will detect customers who exhibit multiple “red flags” linked to financial crime.
MAS chief Ravi Menon set to step down in 2023: report
Chia Der Jiun is tipped to be the next managing director of Singapore’s central bank.
Where to invest if MAS eases monetary policy in October
Assets like bonds and gold will be a safe haven for investors.
No policy tightening as core inflation expects to ease by end-2023
The central bank evaluated that the current policy band is sufficiently tight.
Singapore ready to provide liquidity to keep financial system stable: MAS
Minister Shanmugaratnam assured that the central bank conducts annual stress tests.
Singapore reaffirms creditor hierarchy following Credit Suisse AT1 wipeout
Equity holders will absorb losses before AT1 and Tier 2 bondholders, MAS said.
MAS in “close contact” with Swiss regulators over Credit Suisse
Credit Suisse recently announced that it is borrowing up to CHF50b.
MAS: banking system sound amidst US bank failures
MAS said that its local banks have “insignificant exposures” to the failed banks.
Read Here
Advertise
Sign Up
Commentary
AI is revolutionising learning: Why should educational institutions in Singapore embrace this change?
Seeking an office space in Singapore: Where do you start?