Monetary Authority of Singapore
MAS reprimands Acesynergy Brokers’ CEO for regulatory breaches
MAS reprimands Acesynergy Brokers’ CEO for regulatory breaches
The central bank found weaknesses in its management oversight, amongst others.
Enough steps taken to ensure support with digital banking: MAS
Deploying ambassadors and phone banking were some of solutions rolled out.
MAS banks on financial institutions to enforce robust IT security
All FIs in Singapore must comply with the Personal Data Protection Act (PDPA).
MAS partners with banks, tech on quantum security enhancement
The central bank also launched a grant scheme to fund quantum projects.
MAS confirms no competitive concerns with Allianz deal
Income's market share in life and general insurance is less than 10%.
HashKey OTC gets Singapore license to offer DPT services
It previously operated under an exemption.
MAS reprimands RVP One for SFR breaches
RVP failed to submit financial returns for 3 years, according to MAS.
Singapore proposes interest coverage ratio of 1.5 to all REITs
Currently, the ICR of 2.5 times applies only to select REITs.
MAS revokes insurance broker license of Acesynergy Brokers
ABPL failed to comply with regulatory requirements.
Core inflation at 2.9% in June as prices retail, travel prices ease
Private transportation prices declined by 0.7% during the month.
MAS “closely monitoring” global IT outage
Major banks reported little to no impact to customers and key operations.
IRAS, MAS revise tax treatment of insurance reserves
Previously, reserves were non-deductible as estimates of contingent liabilities.
Singapore banks are phasing out OTPs for logins
Banks will instead use digital tokens to authenticate bank account login attempts.
Ex-fund manager jailed for defrauding investors
His actions led investors to suffer US$342,500 in losses, says MAS.
MAS slaps 12-year ban on ex-Manulife rep for cheating
Ong Ka Yong was sentenced to 47 months’ imprisonment on 4 September 2023.
MAS policy holds steady for medium-term price stability
The central bank said its current policy settings remain "appropriate."
MAS eyes enhanced safeguards for elderly and non-english proficient financial clients
Authorities aim to implement enhancements no later than H2 2025.
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