Tag: Monetary Authority of Singapore

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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Lingxi ,China Finance Online Co. Limited
August 24, 2018 BY Valentina Kirilova

MAS and SGX partner Anquan, Deloitte and Nasdaq to harness blockchain technology for settlement of tokenised assets

The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) have announced a collaboration to develop Delivery versus Payment (DvP) capabilities for settlement of tokenised assets across different blockchain platforms. This will allow financial institutions and corporate investors to carry out simultaneous exchange and final settlement of tokenised digital currencies and securities assets, improving operational…

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May 31, 2018 BY Valentina Kirilova

MAS warn investors about trading on unregulated online platforms

The Commercial Affairs Department (CAD) of the Singapore Police Force and Monetary Authority of Singapore (MAS) have advised the public to exercise extreme caution when dealing with unregulated online trading platforms. CAD and MAS have received an increasing number of complaints from members of the public involving losses from unregulated online trading platforms over the…

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May 29, 2018 BY Valentina Kirilova

MAS improves transparency on short selling activities in Singapore

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…

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May 28, 2018 BY Valentina Kirilova

MAS issues statement of commitment to the FX Global Code

The 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…

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May 11, 2018 BY Valentina Kirilova

Individual charged with insider trading in Singapore

Following a joint investigation by the CAD and Monetary Authority of Singapore (MAS), civil penalty action has been taken against Ms Kunye Tagi for insider trading in the shares of Genting Singapore PLC (Genting). On 14 May 2015, Genting announced its financial losses for the quarter ending 31 March 2015. Following the financial results announcement,…

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