Tag: MAS

MAS Monetary Authority of Singapore
February 15, 2017 BY Valentina Kirilova

Monetary Authority of Singapore announces faster approvals and lower requirements for venture capital managers

The Monetary Authority of Singapore (MAS) published a consultation paper proposing a simplified authorisation process and regulatory framework for managers of venture capital funds (VC managers). The move is part of MAS’ broader efforts to promote financing for enterprise development. VC managers are an essential component of the start-up eco-system. They provide capital and expertise…

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MAS Monetary Authority of Singapore
February 14, 2017 BY Valentina Kirilova

Singapore MAS announces changes to finance company regulations to enhance their ability to finance SMEs

The Monetary Authority of Singapore (MAS) announced some regulatory changes to strengthen the resilience of finance companies and enhance their ability to provide financing to small and medium sized enterprises (SMEs). Relaxation of business restrictions with enhanced prudential standards Finance companies fill a useful niche in SME financing, complementing the role of banks. They often…

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November 25, 2016 BY Valentina Kirilova

ANZ and ACCC reach settlement over Singapore submissions for Malaysian Ringgit derivatives trading

Commercial banking company Australia and New Zealand Banking Group Limited, commonly called ANZ (ASX:ANZ), has announced it has reached an agreed settlement with the Australian Competition and Consumer Commission (ACCC) in relation to conduct associated with Non-Deliverable Forward FX contracts for the Malaysian Ringgit undertaken in Singapore during 2011. In a Statement of Agreed Facts…

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November 21, 2016 BY Valentina Kirilova

SGX in blockchain group advancing Singapore’s vision of Smart Financial Centre

Singapore Exchange (SGX) has announced that has become part of an industry-wide collaboration that will harness blockchain technology to advance Singapore’s vision of a Smart Financial Centre. At last week’s Singapore FinTech Festival, the Monetary Authority of Singapore (MAS) has announced a partnership with the financial innovation group R3, and a consortium of financial institutions to…

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MAS Monetary Authority of Singapore
November 16, 2016 BY Valentina Kirilova

Monetary Authority Of Singapore issues FinTech regulatory sandbox guidelines

The Monetary Authority of Singapore (MAS) has published its regulatory sandbox guidelines to encourage and enable experimentation of solutions that utilise technology innovatively to deliver financial products or services. The guidelines incorporate feedback from the public consultation as well as learning points from actual sandbox applications. The guidelines will improve the clarity, flexibility and transparency…

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November 09, 2016 BY Valentina Kirilova

R3 partners with Monetary Authority of Singapore to launch Asia blockchain Centre of Excellence

Financial innovation firm R3 has collaborated with the Monetary Authority of Singapore (MAS) to launch its first distributed ledger technology (DLT) Center of Excellence in Asia as it continues to expand its presence in the region. As Singapore’s central bank and financial regulatory authority, the MAS will support the development of the R3 Asia Lab…

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July 21, 2016 BY Valentina Kirilova

Authorities investigate various 1MDB-related fund flows through Singapore

The Attorney-General’s Chambers (AGC), Commercial Affairs Department (CAD), Singapore Police Force, and Monetary Authority of Singapore (MAS), have announced today in a joint statement that the Singapore authorities have been investigating various 1MDB-related fund flows through Singapore, for possible money laundering, securities fraud, cheating, and other offences committed in Singapore. Singapore’s investigations began in March…

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July 07, 2016 BY Valentina Kirilova

Abide Financial and Corvil partner for precision MiFID II transaction reporting solution

Regulatory reporting specialist Abide Financial and real-time data analytics company Corvil today announced a partnership to deliver end-to-end transaction reporting and reconciliation solutions to meet increasingly complex international regulations. The partnership enables reporting parties in UK, Europe, US, Canada, Australia and other jurisdictions to reduce risk and achieve faster, more accurate compliance with current and evolving…

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May 27, 2016 BY LeapRate Staff

CME Group given Recognized Clearing House status by the Monetary Authority of Singapore (MAS)

Derivatives marketplace CME Group Inc (NASDAQ:CME) has announced that it has been formally granted the status of Recognized Clearing House (RCH) by the Monetary Authority of Singapore (MAS) with effect from May 18, 2016. With this status, the clearing house division of Chicago Mercantile Exchange Inc., CME Clearing, is now able to sign up direct clearing members from Singapore for…

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May 12, 2016 BY Maria Nikolova

First ever FinTech bridge launched between UK and Singapore

Singaporean officials and FinTech companies gathered with UK FinTech companies in Downing Street on Wednesday to mark the launch of the UK’s first ever FinTech Bridge, which included the signing of a regulatory cooperation agreement between the Financial Conduct Authority (FCA) and the Monetary Authority of Singapore (MAS). The new FinTech Bridge will assist UK…

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