Monetary Authority of Singapore
MAS forms sustainability group to drive green finance agenda
MAS forms sustainability group to drive green finance agenda
Former chief sustainability officer of Thai Union Group is the head of MAS' new group.
Daily briefing: SEA may lose $28t for climate change inaction; Singapore asks Binance to stop operations
And 755 travellers get vaccinated travel passes.
Singapore joins multi-central-bank project to test CBDC use for international settlements
The BIS Innovation Hub’s Singapore centre will lead the project.
MAS reveals 15 Global CBDC Challenge finalists
They will present their innovations at the Demo Day during the Singapore FinTech Festival in November.
Singapore Fintech Festival 2021 to discuss Web 3.0 for financial uses
It will take place from 8 to 12 November as a hybrid event.
Daily briefing: Grab’s sales up 39% to $507m in Q1; MAS allows crypto exchange Independent Reserve to operate 'in principle'
And Fintech firm FinAccel’s Kredivo to launch IPO in US.
MAS, BIS publish proposal on global retail payments network connectivity
Called Project Nexus, the blueprint outlines how countries can integrate their retail payment systems onto a single cross-border network.
MAS lifts dividend cap on local banks, financial companies
Local financial firms are expected to remain resilient even should the economy slip into a recession again.
Digitalisation creeping into non-tech roles as Singapore banks accelerate hiring
The sector will continue in a “reform and transform” path, hinging on successful digital banking applicants.
MAS, France complete wholesale cross-border payment experiment using CBDC
It simulated cross-border transactions involving multiple CBDCs on a common network.
Economic growth could exceeed 4-6% forecast: MAS
MAS Managing Director Ravi Menon said the government could upgrade its GDP forecast for 2021.
MAS net profit plummets by more than 50% to $5.2b
Half of the profit will be added to its reserves, whilst half will go to the government.
Daily briefing: SG’s GDP likely to exceed 4-6% forecast; SG tightens measure for travellers from Australia
And power and gas tariff to increase between July and September.
MAS, international agencies launch Global Challenge for CBDC solutions
Finalists will receive mentorship from industry experts, a chance to prototype their solutions, and a cash prize.
MAS extends training measures for SG workers
The training support will be extended until July 2022.
MAS, financial industry extend support measures for individuals, SMEs
Loan tenures will be extended between 3-5 years.
Moody's: MAS measures against erring insurers to boost client confidence
The overall business impact would be temporary because no further penalties were handed out.
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