Tag: MAS

October 26, 2017 BY Valentina Kirilova

Senior Management changes at the Monetary Authority of Singapore

The Monetary Authority of Singapore (MAS) today announced the following changes to its senior management team: Ms Ho Hern Shin, currently Executive Director (Insurance Department), will be appointed as Assistant Managing Director (Banking & Insurance). She will take over the position from Mr Chua Kim Leng, who has requested to relinquish his current role to…

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October 06, 2017 BY Valentina Kirilova

MAS to enhance the cyber resilience of Singapore’s financial sector

The Monetary Authority of Singapore's (MAS) Cyber Security Advisory Panel (CSAP) announced that has discussed strategies to enhance the cyber resilience of Singapore’s financial sector, at its inaugural meeting on 5-6 October. The discussions covered areas ranging from regulatory guidance, supervision, and surveillance to information sharing and capability development. The list of CSAP members who…

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June 09, 2017 BY Valentina Kirilova

Monetary Authority of Singapore and ASBA sign FinTech MoU

The Monetary Authority of Singapore (MAS) and the Association of Supervisors of Banks of the Americas (ASBA) today signed a Memorandum of Understanding (MOU) to bolster FinTech ties between Singapore and the Americas. The MOU provides a framework for FinTech cooperation between Singapore and ASBA member countries. Under the framework, both parties can explore potential…

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MAS Monetary Authority of Singapore
May 30, 2017 BY Valentina Kirilova

Monetary Authority of Singapore imposed financial penalties on Credit Suisse and UOB for 1MDB-related transactions

The Monetary Authority of Singapore (MAS) announced that it has completed its two-year review of banks involved in 1MDB-related transactions known to-date. In its latest regulatory actions, MAS has imposed financial penalties on Credit Suisse and United Overseas Bank (UOB), as well as issued Prohibition Orders (POs) against three individuals and served notice of its…

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MAS Monetary Authority of Singapore
April 24, 2017 BY Valentina Kirilova

Singapore Commercial Affairs Department and MAS partner industry stakeholders to fight financial crimes

The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force today announced the launch of a government-industry partnership to strengthen Singapore’s capabilities in the fight against money laundering and terrorism financing (ML/TF). The Anti-Money Laundering and Countering the Financing of Terrorism Industry Partnership (ACIP) brings together selected industry…

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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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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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