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Monetary Authority of Singapore (MAS)
Zest
MAS instructs DBS and Citibank to conduct thorough investigation after service disruptions
MAS adds that it will take the “appropriate supervisory actions” on the banks after gathering the necessary facts on the outage.
October 19, 2023
Zest
MAS bans former AXA and Aviva representatives and one other person for unlawful sub-agency activities
Of the five, four of them were former representatives with AXA Insurance and Aviva Financial Advisers.
October 19, 2023
Environmental, Social and Governance
Engagement over divestment: MAS proposes transition planning guidelines for financial institutions
Indiscriminate divestment from carbon-intensive activities will not get us to a net-zero world, says MAS’s Ravi Menon.
October 18, 2023
Anti-money laundering
Singapore to inspect Credit Suisse, others in $2.8 bil scandal
Officials from the regulator are set to interview personnel and review documents within weeks.
October 18, 2023
Zest
MAS slaps prohibition orders against former insurance agents for cheating
The agents were previously with AIA and Professional Investment Advisory Services.
October 16, 2023
Bonds and treasuries
Total outstanding debt arranged by Singapore FIs down by 2% y-o-y to $512 bil in 2022
This comes amid an overall decrease in the volume of global bond issuances, according to an MAS report.
October 16, 2023
Singapore economy
MAS keeps prevailing rate of appreciation of the S$NEER policy band at October meeting
MAS also announced that it will be shifting to a quarterly monetary policy statement schedule in 2024.
October 13, 2023
Singapore economy
MAS likely to keep policy parameters unchanged in upcoming October meeting: analysts
The MAS is slated to hold its monetary policy meeting on Oct 13.
October 05, 2023
Zest
MAS among central banks to explore protocols for policy and regulatory compliance in cross-border transactions
The other central banks are the Reserve Bank of Australia, Bank of Korea and Bank Negara Malaysia.
October 05, 2023
Cryptocurrency
Ripple secures major payment institution licence
It received its in-principle approval in June.
October 04, 2023