Tag: Monetary Authority of Singapore

fintech
March 28, 2017 BY Valentina Kirilova

Singapore and France bolster FinTech ties with cooperation agreements

The Monetary Authority of Singapore (MAS) announced that has signed cooperation agreements with the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des Marchés Financiers (AMF) of France to enhance FinTech cooperation between both countries. The cooperation agreement provides a framework under which ACPR, AMF, and MAS will share information about emerging…

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SGX announces trading volumes
March 21, 2017 BY Valentina Kirilova

SGX to enhance recovery processes following trading disruption last year

The Monetary Authority of Singapore (MAS) has directed Singapore Exchange (SGX) to implement measures to enhance its recovery processes and operational resilience, following supervisory investigation into the trading disruption to the securities market on 14 July 2016. These measures include recommendations by the Industry Working Group (IWG), comprising SGX and industry stakeholders. SGX will contribute…

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March 13, 2017 BY Valentina Kirilova

Siemens expands financial solutions for Asia-Australia Region

The Monetary Authority of Singapore (MAS) granted approval for Siemens Bank GmbH Singapore Branch to operate as a merchant bank in Singapore. The new branch will cover financing activities for the Asia-Australia region. In addition to its main pillar, the loan and guarantee business, the branch will also provide selected finance advisory services for the…

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fintech
March 13, 2017 BY Valentina Kirilova

Japan And Singapore establish FinTech Cooperation Framework

The Financial Services Agency (FSA) of Japan and the Monetary Authority of Singapore (MAS) announced the establishment of a Co-operation Framework to enhance FinTech linkages between both countries. The Framework enables FSA and MAS to refer FinTech companies in their countries to each other’s markets. It also outlines how the referred companies can initiate discussions…

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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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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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September 01, 2016 BY Mike Fox

Singapore’s share of global FX volumes grows to 7.9%, remains 3rd overall

The Monetary Authority of Singapore (MAS) announced today that Singapore remains the largest foreign exchange (FX) centre in the Asia-Pacific region and third largest globally after London and New York, according to the 2016 Triennial Central Bank Survey of the global FX and over-the-counter (OTC) derivatives markets by the Bank for International Settlements (BIS). The average…

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