Monetary Authority of Singapore
MAS slaps S$330m add'l capital requirement at OCBC after phishing fiasco
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.
MAS fines Vistra Trust (Singapore) $1.1m for failures in its AML/CFT controls
VSTPL’s failures placed the trust at a higher risk of being used as a conduit for illegal activities, says MAS.
Singapore launches new measures to bolster digital banking security
Banks are asked to remove links in emails and SMS sent to customers.
Cryptocurrency ATMs close down in Singapore following MAS clampdown: report
Two operators, Daenerys and Deodi, have shut down their ATM machines in the city.
Singapore, China reaffirm commitment to financial supervisory cooperation
The supervisory roundtable was held virtually.
New COVID outbreak, inflation, rising interest rates pose risks to Singapore’s financial stability: MAS
Banks should have enough buffers and find climate transition risks manageable.
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