Monetary Authority of Singapore
DBS prohibited from buying new businesses or closing branches for 6 months
DBS prohibited from buying new businesses or closing branches for 6 months
MAS will review progress after six months and may choose to extend the measures.
Central bank's cyber security panel propose ways to fight AI risks and malware scams
Mobile banking and payments should have strengthened multi-factor authentication (MFA).
Singapore proposes shared responsibility framework for phishing scams
Both financial institutions and telcos are held accountable for mitigating scams.
MAS proposes fund management regulation shake-up with new framework
If approved, the existing RFMC regime will be repealed.
Sygnum Singapore obtains major payments institution license
It can now operate its DPT brokerage service in Singapore.
Central bank announces new savings bond with average yield of 3.32%
Its amount offered is at $1b.
MAS teams up with BIS, Swiss and France central banks to test wholesale CBDCs
Project Mariana used DeFi technology concepts on a public blockchain.
MAS enforced over S$20m in penalties in past 18 months
Authorities issued 18 prohibition orders and logged a total of 39 criminal convictions.
Central bank says cut-off yield of new 6-month T-bill at 3.73%
Its maturity date is 19 March 2024.
SBV joins Singapore’s central bank and other ASEAN countries in RPC initiative
It will boost collaboration on payment connectivity.
MAS assigns a price of $2.8b for 50-year green SGS bond
The green bond’s yield of reopened issue of 3.04% per annum.
Headline inflation eases to 4.1% in July due to private transportation costs
Meanwhile, core inflation went down 3.8% YoY in July 2023.
Collection of LKY100 coins to begin in September
The central bank minted 4 million coins.
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.
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