Welcome!
Monetary Authority of Singapore (MAS)
Singapore Fintech Festival 2023
MAS grants IPA to three entities issuing regulated stablecoins, to step up CBDC experiments
The MAS plans to pilot the live issuance of wholesale CBDCs next year.
November 16, 2023
Singapore Fintech Festival 2023
MAS to release financial sector GenAI risk framework whitepaper in January
The framework will enable financial institutions to use GenAI in a responsible manner.
November 15, 2023
Fintech
MAS expands asset tokenisation initiatives via financial industry partnership
MAS is collaborating with international policymakers and FIs to explore the design of an open, digital infrastructure.
November 15, 2023
Fintech
New initiative called Universal Trusted Credentials to help MSME better access finance launched: UNDP, MAS and partners
The UTC proposes a framework that assesses an MSMEs financing worthiness based on traditional and alternative data sets.
November 14, 2023
Zest
MAS prohibits DBS from acquiring new business ventures for six months following repeated services disruptions
DBS will also be setting aside a special budget of $80 million to enhance system resiliency.
November 01, 2023
Zest
Singapore set to direct DBS to fix 'unacceptable' online outages
“The frequency of outages is unacceptable, the slowness in recoverability is unacceptable,” says MAS's Ravi Menon.
November 01, 2023
Singapore economy
Singapore's GDP growth is expected to be at the lower half of the 0.5% to 1.5% forecast range in 2023: MAS
However, the country's economic growth is expected to improve gradually in the second half of 2024.
October 30, 2023
Zest
MAS and IMDA publish paper on shared responsibility framework for phishing scams
Interest parties may submit their comments by Dec 20.
October 25, 2023
Zest
MAS launches public consultation on its proposal to streamline regulatory framework for fund managers
Interested parties are invited to submit their comments by Dec 31.
October 24, 2023
Singapore economy
Singapore’s headline inflation increases to 4.1% y-o-y; core inflation eases to 3.0% in September
The country’s core inflation is projected to range between 2.5% to 3.0% y-o-y by December, say MAS and MTI.
October 23, 2023