The Monetary Authority of Singapore (MAS) has announced that it will require investors to report their short positions and short sell orders in securities listed on the Singapore Exchange (SGX), with effect from 1 October 2018. This will improve transparency on short selling activities in the securities market and enable investors to make more informed…
Read moreThe Monetary Authority of Singapore (MAS) announced that it has issued a statement affirming its commitment to the Foreign Exchange Global Code (Code) developed by the Bank for International Settlements (BIS). MAS will adhere to the principles of the Code when acting as a market participant and ensure that its internal practices and processes are…
Read moreThe Ministry of Finance of Japan, and the Monetary Authority of Singapore (MAS) announced their intent to renew the existing Bilateral Swap Arrangement (BSA) when it expires on 21 May 2018. The current BSA enables the authorities in Japan and Singapore to swap their local currencies (i.e. the Japanese yen and the Singapore dollar, respectively)…
Read moreThe Monetary Authority of Singapore (MAS) just informed the public that it has issued a 4-year prohibition orders against Mr Lim Fang Wee. The orders prohibit him from performing any regulated activity under the Securities and Futures Act (SFA) and any financial advisory service under the Financial Advisers Act (FAA), as well as taking part…
Read moreThe Monetary Authority of Singapore (MAS) announced that it will introduce regulations to require over-the-counter (OTC) derivatives to be cleared on central counterparties (CCPs), with effect from 1 October 2018. Central clearing will make the trading of OTC derivatives in Singapore safer as it mitigates counterparty credit risks inherent in these trades. The mandatory clearing…
Read moreThe Monetary Authority of Singapore (MAS) has announced that it is working with key industry stakeholders to develop a guide to promote the responsible and ethical use of artificial intelligence (AI) and data analytics by financial institutions. The guide will set out key principles and best practices for the use of AI and data analytics,…
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The Monetary Authority of Singapore (MAS)'s Managing Director, Mr Ravi Menon, has given a speech at Money20/20 event (15 March 2018). He spoke in details about... well, first of all, Money, but he has also shared his opinion on managing crypto risk, financial stability, money laundering, investor protection, and so much more. The complete text…
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The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force announced that they will extend the Joint Investigations Arrangement to cover all offences under the Securities and Futures Act (SFA) and Financial Advisers Act (FAA). This will allow for greater efficiency and more effective enforcement of capital markets…
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The Monetary Authority of Singapore (MAS) and the Government of Maharashtra (GoM) (Maharashtra is India’s second-most populous state and third-largest state by area. Mumbai is the capital city of Maharashtra) announced that they have signed a Memorandum of Understanding (MoU) on 18 February 2018 to strengthen cooperation in promoting FinTech innovation in the two markets.…
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The Monetary Authority of Singapore (MAS) issued for consultation today proposed regulations to require the trading of over-the-counter (OTC) derivatives on organised markets, to help improve market transparency. This requirement will complete MAS’ implementation of the G20 OTC derivatives reforms. MAS proposes to impose obligations for the most globally-traded OTC derivatives, namely interest rate swaps…
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