Tag "Monetary Authority of Singapore (MAS)"
MAS Considers Imposing Additional Safeguards Against Crypto Trading
The Monetary Authority of Singapore (MAS) has been carefully considering the introduction of additional consumer protection safeguards to protect them against sharp speculative price swings. Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS said in a parliamentary reply
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Three Arrows Capital Rebuked for Misleading MAS and Exceeding Its AUM Threshold
The Monetary Authority of Singapore (MAS) has reprimanded cryptocurrency hedge fund Three Arrows Capital (TAC) for providing false information to the regulator and exceeding the assets under management (AUM) threshold allowed for a registered fund management company (RFMC). In August
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MAS Taps AI-Powered NovA! For Green Financing as Its First Use Case
The Monetary Authority of Singapore (MAS) announced the first use case of NovA! to help financial institutions (FIs) assess the sustainability performance of Singapore’s real estate sector. NovA! is a part of the National Artificial Intelligence (AI) Programme in Finance
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Singapore and French Regulators Carry Out Joint Cyber Crisis Exercise
The Monetary Authority of Singapore (MAS), the Banque de France (BdF) and the Autorité de contrôle prudentiel et de résolution (ACPR) had carried out a joint crisis management exercise focused on cybersecurity threats. Backed by the Banque de France, ACPR
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MAS Partners IFC and UNDP to Launch Global MSME Empowerment Programme
The Monetary Authority of Singapore (MAS), in partnership with the International Finance Corporation (IFC) and the United Nations Development Programme (UNDP), has launched an open financial education and action programme for micro, small and medium enterprises (MSMEs) in Asia and
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MAS Beefs up Guidelines to Strengthen Banks Against Service Disruptions
The Monetary Authority of Singapore (MAS) has issued revised guidelines on Business Continuity Management (BCM) for financial institutions (FIs). The move aims to help FIs strengthen their resilience against service disruptions arising from IT outages, pandemic outbreaks, cyber-attacks and physical
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Emergency “Kill Switch” Among Security Measures Pushed by MAS to Combat Fraud
An emergency self-service “kill switch” to suspend their bank accounts quickly if it has been compromised are among the additional measures that are being pushed by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS).
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MAS Launches Project Guardian to Pilot Use Cases in Digital Assets
The Monetary Authority of Singapore (MAS) announced the launch of Project Guardian, a collaborative initiative that seeks to explore the economic potential and value-adding use cases of asset tokenisation. Project Guardian will test the feasibility of applications in asset tokenisation
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MAS’ Global Fintech Hackcelerator for 2022 Highlights Web 3.0 and Green Finance
The Monetary Authority of Singapore (MAS) has launched the 7th edition of the Global Fintech Hackcelerator, with the theme “Accelerating A Greener Digital Future”. The competition, powered by Oliver Wyman, seeks to leverage the potential of fintech in accelerating the
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OCBC Hit With S$330 Million Additional Cap Requirement After Phishing Scam
The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement of approximately S$330 million on OCBC Bank. The regulator said that this move was in response to the deficiencies in the bank’s response to a wave of spoofed
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