Bank Indonesia and MAS establish US$10 billion bilateral financial arrangement LeapRate

November 05, 2018 BY Valentina Kirilova

Bank Indonesia and MAS establish US$10 billion bilateral financial arrangement

Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) have established a bilateral financial arrangement of USD 10 billion equivalent. The arrangement will enable the two central banks to access foreign currency liquidity from each other, if needed, to preserve monetary and financial stability. The bilateral financial arrangement, which will be in place for…

May 25, 2018 BY Valentina Kirilova

MAS warns against fraudulent emails impersonating the regulator

The Monetary Authority of Singapore (MAS) has just alerted the public to fraudulent emails impersonating MAS that attempt to get recipients to divulge their bank account IDs and passwords. Members of the public are advised not to click on the links in these emails or divulge any personal information including login IDs or passwords. These…

May 15, 2018 BY Valentina Kirilova

Monetary Authority of Singapore and AMBD sign FinTech cooperation agreement

The Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) announced that they have signed a FinTech Cooperation Agreement (CA) to foster innovation in financial services between Brunei Darussalam and Singapore. The FinTech CA will facilitate the sharing of information on emerging FinTech trends and developments, and promote joint innovation projects between…

April 27, 2018 BY Valentina Kirilova

Monetary Authority of Singapore makes senior management changes

The Monetary Authority of Singapore (MAS) has announced the following changes to its senior management team: Mr Ng Nam Sin, currently Assistant Managing Director (Corporate, HR & IT Services) and CEO of the Institute of Banking & Finance Singapore (IBF), will be seconded to the IBF to take on the role of CEO on a…

April 26, 2018 BY Valentina Kirilova

Singapore and Vietnam enhance fintech cooperation

The Monetary Authority of Singapore (MAS) and the State Bank of Viet Nam (SBV) have announced that they have agreed to establish a new partnership to encourage FinTech innovation and to strengthen cooperation in banking supervision. The new Memorandum of Understanding (MOU) between MAS and SBV on financial innovation will facilitate joint innovation projects between…

April 25, 2018 BY Valentina Kirilova

The future of banking – evolution, revolution or a big bang?

Mr Ong Chong Tee, Deputy Managing Director, Monetary Authority of Singapore (MAS), has made a curious speech at this year's German-Singaporean Financial Forum. Mainly discussing Singapore and Germany's relations, Ong Chong Tee's speech also included the future of banking, open banking, as well as the role of financial regulators. His complete commentary can be seen…

April 20, 2018 BY Valentina Kirilova

Chaly Mah joins MAS Board of Directors, DPM Tharman re-appointed as Chairman

The Monetary Authority of Singapore (MAS) has announced the new appointment of Mr Chaly Mah and the re-appointment of five existing members to the MAS Board of Directors. In addition, Mr Quek Gim Pew has been appointed as a non-Board member of MAS’ Board Risk Committee. Mr Chaly Mah, Chairman of NetLink NBN Management Pte…

March 29, 2018 BY Valentina Kirilova

ECC granted Recognised Clearing House status by Monetary Authority of Singapore

The European Commodity Clearing (ECC) has announced that it has been given Recognised Clearing House (RCH) status by the Monetary Authority of Singapore (MAS). This will be ECC’s first regulatory license outside of Europe, representing a key milestone for ECC and CLTX, as part of EEX Group, in their shared global growth ambitions. The RCH…

UN report says North Korea laundered $2 billion theft via Hong Kong firm

November 01, 2017 BY Valentina Kirilova

MAS issues prohibition orders against individuals involved in 1MDB-related breaches

The Monetary Authority of Singapore (MAS) announced today that it has issued Prohibition Orders (POs) against Mr Ang Wee Keng Kelvin and Mr Lee Chee Waiy. MAS has also served notice of its intention to issue a PO against Mr Yeo Jiawei. Mr Kelvin Ang and Mr Lee Chee Waiy Further to its announcement on…

October 25, 2017 BY Valentina Kirilova

Singapore and Hong Kong bolster FinTech ties with cooperation agreement

The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) have signed an agreement to strengthen co-operation on FinTech between the two cities and foster FinTech development within the region. The Co-operation Agreement (“Agreement”) was exchanged on 25 October 2017, at the FinTech Day organised by the HKMA. As part of the…

Tag: Monetary Authority of Singapore (MAS)