MAS

Liquidity, MAS, SGD, USD

The Monetary Authority of Singapore (MAS) today announced measures to enhance the banking system’s access to Singapore dollar (SGD) and US dollar (USD) funding. The new measures will strengthen banking…

Cappitech expands network with DTCC for MAS OTC derivatives reporting

August 19, 2020

automation, Cappitech, DTCC, MAS, OTC derivatives, regtech, regulatory reporting

Cappitech announced the extension of the regulatory regimes it supports to include the Monetary Authority of Singapore (MAS) OTC Derivatives transaction reporting through The Depository Trust & Clearing Corporation (DTCC).…

MAS’ Menon announces FSTI 2.0, commits $250mn over next 3 years for advancing fintech

August 13, 2020

artificial intelligence, fintech, MAS

Excerpts from speech by Ravi Menon, managing director of the Monetary Authority of Singapore, at the Singapore FinTech Festival in Singapore, 13 August 2020. “Of the $225 million committed in…

BNY Mellon, Deutsche join global firms to base pricing/matching engines in Singapore for FX/Treasury

June 4, 2020

BNY Mellon, FX, MAS, Singapore, Treasury

Singapore has attracted key liquidity providers and platforms to base their pricing and matching engines, which include seven banks and market makers that have moved these activities to Singapore. Now,…

ESMA and MAS sign MoU on Singapore’s financial benchmarks

April 17, 2020

Benchmarks, ESMA, MAS

The European Securities and Markets Authority (ESMA), the European Union’s (EU) securities markets regulator, and the Monetary Authority of Singapore (MAS) signed a Memorandum of Understanding (MoU), completing the process…

J.P. Morgan’s eFX trading and pricing engine goes live in Singapore

April 7, 2020

electronification, FX, J.P. Morgan, MAS

J.P. Morgan announced that its new electronic FX trading and pricing engine, designed to speed up trade executions for clients, is now live in Singapore, with support from the Monetary…

Risk: Singapore banks tighten ML governance amid regulatory scrutiny

February 27, 2020

AI ethics, artificial intelligence, DBS, Deutsche, machine learning, MAS, Standard Chartered

Banks in Singapore — DBS, StanChart and Deutsche — are building model inventories and drawing up standards around use cases. They are building inventories of machine learning-based (ML) models in…

BNY Mellon joins MAS’ ethical AI initiative for financial industry

November 16, 2019

ASEAN, BNY Mellon, ethical AI, MAS

BNY Mellon announced that it has joined with other financial industry market participants to create a framework for financial institutions to promote the responsible adoption of artificial intelligence and data…

BIS and MAS launch innovation hub in Singapore, detail first projects in focus

November 13, 2019

BIS, Central Banks, innovation, MAS

The Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS) launched the BIS Innovation Hub Centre in Singapore. This is the BIS’s first expansion of its global…

Institutional crypto weekly roundup

November 13, 2019

AFME, Bakkt, blockchain, crypto assets, crypto custody, crypto exchanges, crypto regulation, cryptocurrencies, Cyberian, DLT, FSB, GLI, J.P. Morgan, Japan, LSEG, MAS, MUFG, Progmat, Project Ubin, security tokens, stabecoins, Temasek

Our weekly list of announcements about how capital markets participants and regulators are engaging with digital assets. MAS, J.P. Morgan, Temasek develop blockchain-based prototype for multi-currency payments The Monetary Authority…

Capital markets blockchain weekly roundup

August 1, 2019

AWS, blockchain, CBDC, crypto assets, crypto regulation, FCA, MAS, Project Ubin, settlement, SGX

Our weekly list of announcements about how capital markets and regulators are engaging with digital assets. Crypto fund Incrementum’s report compares Libra v XRP in global currency competition Corporations like…

MAS’ Menon details use cases of advanced tech and ASEAN network developments

May 15, 2019

APIs, ASEAN, AXA, BBVA, Blackrock, BNP Paribas, fintech, J.P. Morgan, machine learning, MAS, Mitsubishi UFJ, OCBC, Ping An, Quantum Computing, Singapore, Societe Generale

Excerpts from speech by Ravi Menon, managing director of the Monetary Authority of Singapore, at the Bank of France Lecture, Paris, 14 May 2019. Banks are using technology to resolve…

Canada and Singapore central banks tout DLT cross-border experiment success

May 3, 2019

Accenture, Bank of Canada, blockchain, Central Bank Digital Currencies, J.P. Morgan, MAS, Quorum

The Bank of Canada and the Monetary Authority of Singapore (MAS) have conducted a successful experiment on cross-border and cross-currency payments using central bank digital currencies. The Jasper-Ubin project was carried…

Singapore prepares finance workers for age of data analytics and automation

April 25, 2019

automation, data analytics, Insitute of Banking and Finance Singapore, MAS, Singapore

A study commissioned by the Institute of Banking and Finance Singapore (IBF) and the island city-state’s central bank, the Monetary Authority of Singapore (MAS), has set out how data analytics…

How major banks use data analytics to fight financial crime

November 30, 2018

AML, CFT, data analytics, MAS

The Monetary Authority of Singapore released a paper to encourage greater adoption of data analytics (DA) solutions by financial institutions. It was written by the Anti-Money Laundering (AML) and Countering…

Singapore’s central bank reports DLT project results and next steps

November 12, 2018

DLT, DvP, MAS, Nasdaq, SGX

Singapore’s central bank, Monetary Authority of Singapore, released a report on the DvP-on-DLT project, which is an extension of Project Ubin seeking to achieve interledger connectivity and settlement finality for…

Singapore central bank updates on fintech regulations

November 2, 2018

News and Notes – Fintech, Uncategorized

artificial intelligence, Big Data, Central Banks, machine learning, MAS, regtech, Singapore, suptech

Excerpts from speech by Ong Chong Tee, Deputy Managing Director (Financial Supervision) of the Monetary Authority of Singapore, at ASIFMA’s Annual Conference in Singapore, 1 November 2018 Fintech developments have…

US and Singapore financial watchdogs team up on fintech

September 14, 2018

CFTC, fintech, MAS

The US Commodity Futures Trading Commission (CFTC) and the Monetary Authority of Singapore (MAS) signed an arrangement to foster greater cooperation in fintech. The arrangement supports both authorities’ efforts to…

DTCC expanding GTR in Singapore in advance of regulations

July 2, 2018

DTCC, MAS, Singapore

The Depository Trust & Clearing Corporation (DTCC) announced that it will be enhancing its Global Trade Repository service (GTR) in support of the next phase of the Monetary Authority of…

Singapore central bank cautions ICO issuer and 8 digital token exchanges

May 28, 2018

cryptocurrencies, ICOs, MAS

The Monetary Authority of Singapore (MAS) has warned eight digital token exchanges in Singapore not to facilitate trading in digital tokens that are securities or futures contracts without MAS’ authorization.…

MAS’ Menon on the good, bad and ugly of cryptocurrencies

March 21, 2018

Central Banks, cryptocurrencies, MAS, Monetary Authority of Singapore

Excerpts from speech by Mr Ravi Menon, Managing Director of the Monetary Authority of Singapore, at Money20/20, Singapore, 15 March 2018. The past year has seen explosive growth in the trading…

MAS clarifies regulatory position on the offer of digital tokens in Singapore

August 11, 2017

Richard Stinchfield

Digital Token, ICO, MAS

Singapore, 1 August 2017… The Monetary Authority of Singapore (MAS) clarified today that the offer or issue of digital tokens in Singapore will be regulated by MAS if the digital…

Reuters: Singapore regulator issues NSFR notice on big banks

July 17, 2017

MAS, Monetary Authority of Singapore, NSFR, Singapore

Singapore’s three biggest banks will be required to prioritize long-term funding from next year to ensure they will be stable in extended periods of market stress. The Monetary Authority of Singapore…

Singapore regulator issues consultation paper on short selling

December 19, 2016

Josh Galper

MAS, Monetary Authority of Singapore, Short selling, Singapore