Quantum Computers To Create $850bn Of Global Economic Value By 2040 LeapRate

July 19, 2024 BY Elizabeth Anderson

Quantum Computers To Create $850bn Of Global Economic Value By 2040

Dr Curioni suggested that this data breach could be upon us within a decade, considering the speed at which quantum computers are gaining power. He stated that quantum computers create calculations by leveraging subatomic particles that allow them to process tasks at devastatingly fast speeds. Q-Day, an event widely known throughout the quantum industry, will…

May 22, 2024 BY Elizabeth Anderson

Singapore Pushes Environmental Agenda With Sale Of Green Bond

According to Bloomberg, an anonymous source familiar with the matter said that the city-state “tapped the market” for $2.5bn SGD and fixed a 3.3% yield for this bond. Based on data compiled by Bloomberg, governments and companies have sold green bonds for an unprecedented value of $260bn since the start of the year. This is…

December 28, 2023 BY Sam Boughedda

Credit Suisse Fined $3.9 Million by Singapore for Relationship Managers Misconduct

According to the MAS, the relationship managers provided clients with inaccurate or incomplete post-trade disclosures, resulting in their clients being charged spreads above the bilaterally agreed rates for 39 over-the-counter (OTC) bond transactions. For the 39 transactions, MAS stated that Credit Suisse's relationship managers made false statements to their clients regarding the executed interbank prices…

November 17, 2023 BY Simon Mugo

Singapore Launches Live Pilot for Issuing Wholesale CBDCs

This significant development, disclosed by MAS Managing Director Ravi Menon, marks a departure from previous simulations and aims to evaluate the practicality and efficiency of employing CBDCs for instantaneous settlements among commercial banks. ______________________________________________________________________ Don’t miss out the latest news, subscribe to LeapRate’s newsletter _______________________________________________________________________ Until now, MAS had only simulated the issuance of CBDCs…

November 05, 2018 BY Valentina Kirilova

Bank Indonesia and MAS establish US$10 billion bilateral financial arrangement

Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) have established a bilateral financial arrangement of USD 10 billion equivalent. The arrangement will enable the two central banks to access foreign currency liquidity from each other, if needed, to preserve monetary and financial stability. The bilateral financial arrangement, which will be in place for…

May 25, 2018 BY Valentina Kirilova

MAS warns against fraudulent emails impersonating the regulator

The Monetary Authority of Singapore (MAS) has just alerted the public to fraudulent emails impersonating MAS that attempt to get recipients to divulge their bank account IDs and passwords. Members of the public are advised not to click on the links in these emails or divulge any personal information including login IDs or passwords. These…

May 15, 2018 BY Valentina Kirilova

Monetary Authority of Singapore and AMBD sign FinTech cooperation agreement

The Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) announced that they have signed a FinTech Cooperation Agreement (CA) to foster innovation in financial services between Brunei Darussalam and Singapore. The FinTech CA will facilitate the sharing of information on emerging FinTech trends and developments, and promote joint innovation projects between…

April 27, 2018 BY Valentina Kirilova

Monetary Authority of Singapore makes senior management changes

The Monetary Authority of Singapore (MAS) has announced the following changes to its senior management team: Mr Ng Nam Sin, currently Assistant Managing Director (Corporate, HR & IT Services) and CEO of the Institute of Banking & Finance Singapore (IBF), will be seconded to the IBF to take on the role of CEO on a…

April 26, 2018 BY Valentina Kirilova

Singapore and Vietnam enhance fintech cooperation

The Monetary Authority of Singapore (MAS) and the State Bank of Viet Nam (SBV) have announced that they have agreed to establish a new partnership to encourage FinTech innovation and to strengthen cooperation in banking supervision. The new Memorandum of Understanding (MOU) between MAS and SBV on financial innovation will facilitate joint innovation projects between…

April 25, 2018 BY Valentina Kirilova

The future of banking – evolution, revolution or a big bang?

Mr Ong Chong Tee, Deputy Managing Director, Monetary Authority of Singapore (MAS), has made a curious speech at this year's German-Singaporean Financial Forum. Mainly discussing Singapore and Germany's relations, Ong Chong Tee's speech also included the future of banking, open banking, as well as the role of financial regulators. His complete commentary can be seen…

Tag: Monetary Authority of Singapore (MAS)