Monetary Authority of Singapore
Online nomination of insurance beneficiaries available soon: MAS
Singapore has amended insurance regulations to allow online nomination of beneficiaries.
New requirements published for DPT service providers
It will mitigate the risk of loss or misuse of customers’ assets.
DPM Wong is the new chairman of MAS’ board of directors
Wong will survive beginning 8 July up to 31 May 2026.
MAS kicks off public consultation for code of conduct of ESG ratings, data products
The proposed code will establish minimum industry standards of transparency in methodologies and data sources.
MAS launches consultation for coal phase-out criteria
Amongst criteria listed is that CFPPs must be phased out by 2040.
MAS floats raising deposit insurance coverage to S$100,000
This will result in 91% of deposits being fully covered by deposit insurance.
Ripple clinches in-principle regulatory approval to offer digital payment tokens in Singapore
Majority of its on-demand liquidity transactions flow from Singapore, the company said.
MAS completes investigation on Citadelle; no further action taken
Citadelle did not breach the Trust Companies Act, according to MAS.
DBS accepts S$2.6m penalty for AML control breaches
It is being fined for breaches related to 11 of its corporate customers.
MAS suggests digital money standards through whitepaper
The paper includes technical specifications detailing the entire lifecycle of purpose bound money.
MAS to set expectations on credible transition planning
The guidance will cover FIs governance frameworks in managing climate-related financial risks.
Artificial intelligence at the epicenter of Singapore FinTech Festival 2023
The event is scheduled for 15 to 17 November.
MAS slams 6 ex-Great Eastern financial advisers with prohibition orders
This follows after the six individuals were convicted of tax evasion.
Central bank explores responsible AI practices through new tech firm collab
It partnered with Google Cloud to also cultivate technologists with AI skills.
Core inflation was unchanged in April as travel services post higher inflation
The central bank said there was lower inflation for electricity and gas.
MAS issues 8-year ban to former AIG, Liberty insurance agent
Yeo Siew Liang James was convicted of 18 counts of corruption in 2021.
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