Monetary Authority of Singapore

SG insurers see growth in new business premiums and asset holdings

However, higher interest rates could constrain new business growth and increase policy redemptions.

MAS says households must exercise financial prudence amidst uncertainties

Household risks remain contained with strong buffers, but resilience is crucial amidst geopolitical uncertainties.

Singapore banks well-positioned to manage challenges: MAS

The banking system has strong capital and liquidity buffers, the central bank said.

MAS updates rules on life insurance product launches

The changes aim to ensure adequate regulatory oversight.

Crypto exchange OKX unveils zero-fee SGD deposits and withdrawals

The deposits and withdrawals will be facilitated by local bank DBS.

MAS fines Atrium Asia Investment $1.9M for AML/CFT compliance breaches

It breached the requirements from June 2015 to October 2020.

BIS, central banks embed regulatory compliance in cross-border payments

Project Mandala has now reached proof of concept stage.

MAS, ABS hold exercise to bolster finance sector's operational resilience

Participants simulated various scenarios like cyberattacks to test their response capabilities.

Singapore amends insurance bill post-Allianz deal

Key concern raised by the MCCY is the terms and structure of the deal.

ANZ joins Singapore’s Project Guardian

The bank will explore blockchain interoperability to exchange tokenised real-world assets.

MAS issues 5-year prohibition order against Pan Qi

Qi was sentenced to 5 weeks’ imprisonment and fined $120,000 in 2023.

Qoo10 ordered to suspend payments in Singapore

It was unable to prove it can meet its payment obligations to merchants on time, MAS said.

Singaporean banks roll out face verification for digital token setup

It is expected to make it harder for scammers to take over a customer’s DT.

Single family offices reach 1,650 as wealth management sector booms

Chee Hong Tat said the sector could grow further through philanthropy, investing, and talent building.

Sabana REIT trustee asks to delay EGM to vote on internal managers

It urged the requisitionists to hold the EGM once applications are in advanced stages.

MAS, IBF working on gen AI job impact map

Separately, the IBF has given out skills badges to 3,000 professionals.