Tag: Monetary Authority of Singapore

AMBD and the Monetary Authority of Singapore expand cooperation
January 23, 2020 BY Valentina Kirilova

AMBD and the Monetary Authority of Singapore expand cooperation

Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) have announced earlier this week that they have decided to expand their cooperation. Both sides have signed an enhanced Memorandum of Understanding (MoU) on Bilateral Cooperation at the 3rd AMBD-MAS Bilateral Roundtable. The enhanced MoU builds on the longstanding cooperation between both countries…

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MAS Monetary Authority of Singapore
July 31, 2019 BY Valentina Kirilova

MAS warns against fraudulent website soliciting bitcoin investments

Monetary Authority of Singapore (MAS) has informed the public that a website has been soliciting investments in Bitcoins by using fabricated comments attributed to Emeritus Senior Minister Goh Chok Tong (Senior Advisor to MAS). The website’s article on Bitcoins references statements purportedly made by ESM Goh which are either false or have been taken out…

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fintech
July 19, 2019 BY Valentina Kirilova

Singapore teams up with Kenya on developing digital infrastructure

The Monetary Authority of Singapore (MAS) has announced that it has teamed up with the Central Bank of Kenya (CBK), signing a FinTech Cooperation Agreement to support digital infrastructure development in Kenya. The partnership aims to develop basic digital infrastructure services for Kenya, including identity, data and Know-Your-Customer utility, based on a set of common…

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Monetary Authority of Singapore freezes securities token offering for regulatory breach
January 25, 2019 BY Valentina Kirilova

Monetary Authority of Singapore freezes securities token offering for regulatory breach

The Monetary Authority of Singapore (MAS) has today announced that it has stopped an ICO issuer from proceeding with its securities token offering in Singapore. Initial Coin Offerings (ICOs) have raised over $10 billion over the past two years, but reports indicate that nearly 80% of these fledgling startups will fail, either due to poor business planning, incompetent…

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LeapRate interview: Defense against toxic flow, Jeff Wilkins speaks
November 16, 2018 BY Valentina Kirilova

Bank of Canada, BoE and MAS share assessment on emerging opportunities for digital transformation in cross-border payments

The Bank of Canada, Bank of England and Monetary Authority of Singapore (MAS) have today jointly published a report which assesses alternative models that could enhance cross-border payments and settlements. The report examines existing challenges and considers alternative models that could in time result in improvements in speed, cost and transparency for users. The report,…

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Regulation
November 14, 2018 BY Valentina Kirilova

MAS proposes new regulatory sandbox with fast-track approvals

The Monetary Authority of Singapore (MAS) has released a consultation paper on the creation of pre-defined sandboxes, known as Sandbox Express, to complement the existing FinTech Regulatory Sandbox that was launched in 2016. The aim is to enable firms which intend to conduct regulated activities to embark on experiments more quickly, without needing to go…

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AML compliance
November 12, 2018 BY Valentina Kirilova

MAS introduces FEAT Principles to promote responsible use of AI and data analytics

The Monetary Authority of Singapore (MAS) has announced that it has released a set of principles to promote fairness, ethics, accountability and transparency (FEAT) in the use of artificial intelligence (AI) and data analytics in finance. Known as the FEAT Principles, the document provides guidance to firms offering financial products and services on the responsible…

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MAS Monetary Authority of Singapore
October 31, 2018 BY Valentina Kirilova

MAS and CSRC enhance capital markets cooperation

The Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) have affirmed their commitment to strengthen supervisory cooperation and enhance financial connectivity between the capital markets of both countries, at the 3rd MAS-CSRC Supervisory Roundtable held on 24 October 2018. The Roundtable was co-chaired by MAS’ Deputy Managing Director Mr Ong Chong…

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fma warning
September 19, 2018 BY Valentina Kirilova

MAS warns against fraudulent website soliciting Bitcoin investments

The Monetary Authority of Singapore (MAS) has informed the public that a fraudulent website has been soliciting investments in Bitcoins using fabricated comments attributed to MAS Chairman and Deputy Prime Minister, Tharman Shanmugaratnam. The name of the website is positivebathhour.com / gulfweedcrab.com and the website’s article on Bitcoins is highly deceptive and misleading. The statements attributed to…

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MAS Monetary Authority of Singapore
September 07, 2018 BY Valentina Kirilova

MAS consults on measures to strengthen cyber resilience of financial institutions

The Monetary Authority of Singapore (MAS) has just issued for consultation proposed requirements for financial institutions (FIs) in Singapore to implement essential cyber security measures to protect their IT systems. These requirements will help FIs strengthen their cyber resilience and guard against cyber attacks. FIs will be required to implement six cyber security measures: address…

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