Tag "Monetary Authority of Singapore"

MAS and India’s IFSCA Sign MoU for Supervisory Cooperation

India’s International Financial Services Centre Authority (IFSCA) and the Monetary Authority of Singapore (MAS) has signed a Memorandum of Understanding (MOU) on supervisory cooperation in the presence of the Prime Minister of India Shri. Narendra Modi. The IFSCA is a

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MAS Threatens Supervisory Action if Banks Exceed 4 Hours of Downtime

The Monetary Authority of Singapore (MAS) takes seriously all IT incidents that affect the availability of digital banking services, said Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS in a parliamentary reply. He added that four major retail

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Singapore Set to Issue Its First Sovereign Green Bond in the Coming Months

Singapore will issue up to S$35 billion worth of public sector green bonds by 2030 to accelerate and lead the growth of its green finance market. The inaugural Singapore sovereign green bond will be issued in the coming months. The

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UOB’s FinLab Shines Focus On ESG With The Greentech Accelerator

UOB’s innovation accelerator The FinLab has unveiled The Greentech Accelerator, a new global programme aimed at supporting innovative greentech solution providers regionally and globally to drive their company’s sustainable mission forward. As part of the first cohort, the programme will

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BIS Develops Multi-CBDC Platform for International Settlements With Central Banks

The Bank for International Settlements (BIS) Innovation Hub, the Reserve Bank of Australia, Bank Negara Malaysia, the Monetary Authority of Singapore, and the South African Reserve Bank has developed two prototypes for a shared platform that could enable international settlements

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MAS Says BNPL Does Not Pose Significant Risk at This Stage

Buy Now, Pay Later (BNPL) schemes do not pose a “significant risk” to household indebtedness as they are not yet widely used relative to other payment methods, according to a Parliamentary reply yesterday. The popularity of the BNPL scheme has

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InvestaX Launches Securities Token Exchange in MAS’ Fintech Sandbox

InvestaX, a Singapore-headquartered online investment and trading platform for Digital Securities (DSO) and Security Tokens (STO), launches its exchange in the Monetary Authority of Singapore‘s (MAS) sandbox. The company said that its entry in the sandbox provides a one-stop shop

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SDAX Gets Go-Ahead to Operate as Digital Asset Exchange From MAS

SDAX announced that it has obtained its Recognised Market Operator (RMO) license from the Monetary Authority of Singapore to operate a digital asset exchange. Founded and headquartered in Singapore, SDAX is an institutional grade digital asset exchange. It leverages blockchain

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A Guide on Mitigating Cloud Adoption Risks Based on MAS’ Advisory

Although organisations across many sectors have accelerated the adoption of cloud environments, the financial institutions (FIs) have been rather reluctant in migrating their services to the cloud. Core transaction processing and other mission-critical tasks are still running on legacy on-premises

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BIS to Test Central Bank Digital Currencies With Australia, Malaysia, Singapore, S. Africa

The Bank for International Settlements (BIS) Innovation Hub will test the use of central bank digital currencies (CBDCs) for international settlements with Australia, Malaysia, Singapore and South Africa. Led by the Innovation Hub’s Singapore center, Project Dunbar aims to develop a

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