MAS

MAS issues requirements to strengthen financial institutions' identity verification process; asks institutions to review security controls amid Covid-19 - THE EDGE SINGAPORE

Disruption and Digitalisation

MAS issues requirements to strengthen financial institutions' identity verification process; asks institutions to review security controls amid Covid-19

The Monetary Authority of Singapore (MAS) has issued a consultation paper that details the types of information required for non-face-to-face verification of an individual’s identity.

Hedge fund investor Dalio sends US$25 mil to start Sustainable Market Principles Program at WMI - THE EDGE SINGAPORE

FINANCE

Hedge fund investor Dalio sends US$25 mil to start Sustainable Market Principles Program at WMI

The Singapore wealth management industry will soon hear more of, and from billionaire investor Ray Dalio, whose Bridgewater Associates is one of the world’s largest hedge funds.

Singapore AUM up 15.7% to $4 trillion in 2019: MAS - THE EDGE SINGAPORE

Singapore economy

Singapore AUM up 15.7% to $4 trillion in 2019: MAS

Singapore’s asset under management (AUM) climbed 15.7% y-o-y to $4 trillion in 2019, according to the Monetary Authority of Singapore (MAS) in a report released on September 30.

New Silkroutes Group and former executive director Oo under CAD probe - THE EDGE SINGAPORE

Management & Corporate Governance

New Silkroutes Group and former executive director Oo under CAD probe

The Commercial Affairs Department has commenced investigations on New Silkroutes Group, for possible breaches of the Securities and Futures Act.

Management & Corporate Governance

EC World REIT CIO Li quits amid CAD probe

SINGAPORE (July 18): Li Jinbo, chief investment officer of EC World REIT, has resigned to take a “new job”, the REIT manager, EC World Asset Management said in a July 17 filing.

Management & Corporate Governance

AGV under CAD and MAS probe

SINGAPORE (July 1): Steel galvanising company AGV Group is under probe by the Commercial Affairs Department and the Monetary Authority of Singapore.

Singapore economy

MAS refutes reports of strong fund flows from Hong Kong

SINGAPORE (June 7): The Monetary Authority of Singapore (MAS) has refuted recent reports suggesting large flows of deposits from Hong Kong to Singapore.

Covid-19

Offer documents in soft copies allowed

SINGAPORE (May 6): The financial industry regulators have given the go-ahead for listed companies and parties involved in rights issues or takeover offers to send out soft copies of the offer docum

Oil

MAS tells banks not to pull lines on oil players here 'indiscriminately'

SINGAPORE (Apr 21): The Monetary Authority of Singapore has told banks here not to “de-risk indiscriminately” from the bunkering and oil trading sectors.

REITs

MAS raises gearing limit to 50%, defers ICR implementation, MOF, IRAS extend timeline for tax transparency

SINGAPORE (Apr 16): On Apr 16, the Ministry of Finance (MOF), the Inland Revenue Authority of Singapore (IRAS), and the Monetary Authority of Singapore (MAS) announced that MOF and IRAS will extend

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