Monetary Authority of Singapore
MAS, IFSCA sign MOU to strengthen supervisory cooperation of financial services
MAS, IFSCA sign MOU to strengthen supervisory cooperation of financial services
The MOU was signed in the presence of India’s prime minister Narendra Modi.
MAS’s framework for loss-sharing for bank scam victims “taking longer than expected”
Singapore’s financial regulator expects to publish the draft framework in the coming months.
MAS conducts cyber crisis management exercise with French central bank
The exercise evaluated the effectiveness of cyber crisis coordination.
MAS unveils new measures against digital banking scams
Default transaction limit for online fund transfers must be set to S$5,000 or lower.
Singapore wholesale digital-only bank Green Link Digital Bank debuts
The wholesale bank targets micro, small, and medium enterprises.
MAS slaps S$330m add'l capital requirement at OCBC after phishing fiasco
The review found deficiencies in the bank’s risk mitigation and incident management.
MAS committee lists 3 recommendations on adjustment spreads for Legacy SOR contracts
The recommendation covers SOR contras that remain outstanding after 31 December 2024.
Market participants expect MAS to recenter upwards sans slope increase
They also expect possible additional tightening of the policy band.
MAS, BIS develop prototype supervisory analytics platform
Project Ellipse aims to identify potential risks to individual banks and the banking system.
SG and China firms strengthen digital carbon trading bond
MGVX and Greenland Financial Technology take the first step towards an international network.
MAS, CDP promote access to quality ESG data
Their MOU aims to improve MAS' Project Greenprint.
GDP forecast to grow by 3.0% in 2023: survey
Meanwhile, the 2022 GDP forecast remains at 4.0%.
MAS extends facility to support bank lending to SMEs
This is to complement Enterprise Singapore’s temporary bridging loan programme for SMEs.
MOF disburses $28b under the job support scheme
The job support scheme also helped save 165,000 jobs in 2020.
MAS clarifies coverage for loss arising from scams
OCBC fully-covering losses should not set a general precedent for future cases, the regulator said.
MAS, CSRC strengthens capital markets supervision and connectivity
China and SG discussed implementing the initiatives from the 17th joint council.
MAS to further steepen S$NEER gradient in April: analysts
This is despite MAS’ surprise-off cycle tightening in January.
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