Tag "Monetary Authority of Singapore (MAS)"
MAS to Beef up Protection for Insurance Policy Owners with Revised Scheme
The Monetary Authority of Singapore (MAS) has announced its intention to revise the Policy Owners’ Protection Scheme. This initiative, currently open for public consultation, is aimed at expanding coverage, streamlining the scheme’s design, and improving operational effectiveness. Enhancing coverage The
Read More
Singapore and China to Begin e-CNY Pilot, Explore Cross-Border Payment Linkage
Singapore and China have agreed to collaborate on a pilot programme that uses the e-CNY, China’s central bank digital currency (CBDC), for cross-border transactions. This programme is designed to ease payments for travelers from both countries during their overseas visits.
Read More
MAS Unveils Code of Conduct to Bolster Confidence in ESG Ratings and Data
The Monetary Authority of Singapore (MAS) has released its comprehensive Code of Conduct (CoC) for Environmental, Social, and Governance (ESG) rating and data product providers. This release, accompanied by a self-attestation checklist, marks the culmination of a public consultation process
Read More
ADB, GEAPP, and MAS Aim to Mobilise US$2 Billion for Energy Transition in Asia
The Asian Development Bank (ADB), the Global Energy Alliance for People and Planet (GEAPP), and the Monetary Authority of Singapore (MAS) aim to mobilise up to US$2 billion in mixed concessional and commercial capital to accelerate the energy transition in
Read More
DigiFT Secures Capital Markets License from Singapore Regulator
Singapore-based digital assets exchange DigiFT has been granted a Capital Markets Services (CMS) license and has been recognised as a Recognised Market Operator (RMO) by the Monetary Authority of Singapore (MAS). This enables DigiFT to legally deal in capital markets
Read More
ACP, IFC, MAS, and Temasek Unite for Green Investments in SE Asia
The Allied Climate Partners (ACP), International Finance Corporation (IFC), the Monetary Authority of Singapore (MAS), and Temasek have joined forces to address the climate finance gaps in Asia, particularly Southeast Asia. The region requires approximately US$1.7 trillion annually in infrastructure
Read More
Singapore Fintech Festival 2023 Ends on High Note With 66,000 Participants
The Singapore Fintech Festival 2023 (SFF) concluded its eighth edition on 17 November, achieving a record-breaking attendance of 66,000 participants, surpassing the previous year’s count of 62,000. Demonstrating its global appeal, the event welcomed representatives from 150 countries and regions,
Read More
MAS Tightens Crypto Trading Rules, Credit Card Payments No Longer Allowed
The Monetary Authority of Singapore (MAS) has instructed Digital Payment Token (DPT) service providers to cease accepting locally issued credit card payments in a move to limit cryptocurrency speculation among retail customers. This directive is a critical part of MAS’
Read More
Digital Assets and Sustainable Finance Take Center Stage at Singapore Fintech Festival
At the Singapore Fintech Festival 2023, Ravi Menon, Managing Director of the Monetary Authority of Singapore, delivered an insightful address on fintech’s current and future direction. His speech thoughtfully reflected Singapore’s advancements in fintech since the previous year and a
Read More
Instant P2P Fund Transfers Now Enabled Between Singapore and Malaysia
The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have unveiled a new real-time payment linkage connecting Singapore’s PayNow and Malaysia’s DuitNow. This facilitates instant person-to-person (P2P) cross-border fund transfers, allowing users to transfer funds between the two
Read More