Tag "Monetary Authority of Singapore (MAS)"
Singapore, Cambodia to Launch Financial Transparency Corridor for SMEs
The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) will set up a financial transparency corridor (FTC) initiative to facilitate trade and cross-border related financial services between small and medium-sized enterprises (SMEs) in both countries. FTC
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Nominations for SFF’s Global Fintech Awards Are Now Open
The Monetary Authority of Singapore (MAS) and the Singapore Fintech Association (SFA) are calling for nominations for the Global Fintech Awards at the Singapore Fintech Festival 2023 (SFF). In its eighth year, the awards, supported by PwC Singapore, seek to
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DPM Lawrence Wong Succeeds Tharman Shanmugaratnam as MAS Chairman
The Deputy Prime Minister and Minister for Finance Lawrence Wong has been appointed as the new chairman of the Monetary Authority of Singapore’s (MAS) board of directors. His term will begin from 8 July 2023 and end on 31 May
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MAS Says Crypto Firms Must Segregate Customers’ Assets in a Trust by End-2023
Digital Payment Token (DPT) service providers will have to segregate customers’ assets from its own assets and safekeep it under a statutory trust before the end of the year, according to several new requirements laid out by the Monetary Authority
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Singapore, Rwanda Launch RISE Programme to Boost Trade Opportunities
The Rwanda Imbaraga SME Ecosystem (RISE) programme has been launched to foster stronger connections between financial institutions and SMEs in both Rwanda and Singapore. RISE aims to equip SMEs in Rwanda with better capabilities to participate in domestic and cross-border
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MAS Proposes Code of Conduct on ESG Ratings and Data Products
The Monetary Authority of Singapore (MAS) is proposing an industry code of conduct for providers of Environmental, Social, and Governance (ESG) ratings and data products. ESG ratings help provide an assessment of the impact of ESG factors on an entity.
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MAS Proposes Raising Deposit Insurance Coverage to S$100,000
The Monetary Authority of Singapore (MAS) is proposing to increase deposit insurance (DI) coverage per depositor from S$75,000 to S$100,000 in a public consultation paper. The paper also seeks to improve the clarity and operational efficiency of the DI scheme.
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MAS and SGX Group Collaborate with CDSC to Drive Global Climate Data Transparency
The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX Group) will collaborate with the Secretariat of the Climate Data Steering Committee (CDSC) so stakeholders around the world will have access to key climate transition-related data. This includes, but is
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MAS Releases Open-Source AI Toolkit to Promote Responsible Use in Finance Sector
The Monetary Authority of Singapore (MAS) has released an open-source toolkit to enable the responsible use of Artificial Intelligence (AI) in the financial industry. The Veritas Toolkit version 2.0 comes on the back of an earlier version released in February
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MAS Proposes Digital Asset Framework, Expands Project Guardian Scope
The Monetary Authority of Singapore (MAS) has published a report proposing a framework for designing open, interoperable networks for digital assets. The report Enabling Open & Interoperable Networks was jointly developed with the Bank for International Settlements’ (BIS) Committee on
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