Tag: MAS

December 15, 2017 BY Valentina Kirilova

Monetary Authority of Singapore helps individuals manage unsecured debts

The Monetary Authority of Singapore (MAS) announced today a new measure to help borrowers avoid accumulating excessive unsecured debts. The Credit Limit Management Measure will cap the additional unsecured credit that a financial institution (FI) may extend to a borrower whose outstanding unsecured debts exceed six times his monthly income. This measure will take effect…

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December 01, 2017 BY Valentina Kirilova

MAS to strengthen the process of determining SGS and MAS Bills closing prices

The Monetary Authority of Singapore (MAS) today published a consultation paper proposing a framework to strengthen the process of determining Singapore Government Securities (SGS) and MAS Bills end-of-day prices (Closing Prices). This is in line with MAS’ broader efforts to enhance the integrity of the processes for setting financial benchmarks. As of end October 2017,…

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November 14, 2017 BY Valentina Kirilova

MAS and MIT Media Lab to unlock advanced technologies for financial industry

The Monetary Authority of Singapore (MAS) today announced it has joined the Massachusetts Institute of Technology (MIT) Media Lab in Cambridge, Massachusetts. This collaboration will also help to strengthen Singapore’s talent pool in the FinTech industry, by providing Singapore-based industry professionals and researchers with opportunities to work alongside MIT researchers. Financial institutions and FinTech players…

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November 14, 2017 BY Valentina Kirilova

Source-codes of successful DLT prototypes released to encourage innovation in inter-bank payments

The industry consortium led by the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) has released the report and source-codes on distributed ledger prototypes for inter-bank payments. The report: ‘Re-imagining Interbank Real-Time Gross Settlement Systems Using Distributed Ledger Technology’ describes the prototypes developed on three Distributed Ledger Technology (DLT) platforms…

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DFSA launches Cyber Threat Intelligence Platform
November 14, 2017 BY Valentina Kirilova

FS-ISAC and MAS to strengthen cyber information sharing across nine countries

The Financial Services Information Sharing and Analysis Center (FS-ISAC) and the Monetary Authority of Singapore (MAS) informed that they have launched the FS-ISAC Asia Pacific Regional Analysis Centre’s office and operations in Singapore. The setting up of the Regional Centre in Singapore shows the growing collaboration between the two organisations to fight cybercrime. The Centre…

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November 06, 2017 BY Valentina Kirilova

MAS issues Explanatory Brief for Payment and Settlement Systems

Mr Lim Hng Kiang, Minister for Trade and Industry (Trade), and Deputy Chairman, Monetary Authority of Singapore (MAS), on behalf of Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of the Monetary Authority of Singapore, today moved the Payment and Settlement Systems (Finality and Netting) (Amendment) Bill (the “Bill”) for First Reading in…

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Paxos teams up with bitcoin payment service BitPay
November 03, 2017 BY Valentina Kirilova

MAS and China's Securities Regulator to facilitate market development

The Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) announced that they have agreed to strengthen supervisory cooperation and facilitate the development of their capital markets, during the 2nd MAS-CSRC Supervisory Roundtable held in Singapore on 31 October 2017. The Roundtable is one of the key outcomes of President Xi Jinping’s…

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October 26, 2017 BY Mariela Naydenova

Singapore and Hong Kong – Fintech Heavens

Singapore and Hong Kong have become two of the world’s greatest fintech hubs, boasting numerous fintech startups and loose regulations on cryptocurrencies and financial technologies. Thus, The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) signed an agreement to further increase the collaboration between the two cities in a joint effort…

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