Monetary Authority of Singapore (MAS)

Singapore poised to allow crypto derivatives on approved venues

(Nov 20): Singapore’s financial regulator has proposed green-lighting crypto-token derivatives to list and trade on approved domestic exchanges.

Under the proposal, trading of derivatives on common cryptocurrencies such as Bitcoin and Ether will be subject to the Securities and Futures Act, the Monetary Authority of Singapore said Wednesday in a statement. The plans are in response to interest from hedge funds and asset managers that trade such products, the MAS said.


SINGAPORE (Nov 18): “I think, from their perspectives, things only get serious when their kids can’t go to school, and they can’t get their lattes and go to yoga.”Unnamed foreign executive, to the Financial Times, referring to the expatriate community’s view of the months-long protests in Hong Kong.

Singapore should revise water deal or risk crisis, Malaysia says

Malaysia renewed its call for Singapore to be more open to revising a water supply agreement inked in 1962 or suffer shortages as reserves shrink.


MAS, financial institutions form Veritas to build trust in AI used in financial services

SINGAPORE (Nov 18): At last year’s Singapore FinTech Festival (SFF), the Monetary Authority of Singapore (MAS) released a paper outlining a set of principles in the use of artificial intelligence (AI) and data analytics in Singapore’s financial sector. These principles are known collectively as FEAT (or fairness, ethics, accountability and transparency).


MAS partners financial industry to create framework for responsible use of AI, data analytics

SINGAPORE (Nov 13): The Monetary Authority of Singapore (MAS) announced Wednesday it is working with financial industry partners to co-create a framework for the responsible adoption of Artificial Intelligence and Data Analytics (AIDA).

This framework, known as Veritas, will enable financial institutions to evaluate their AIDA-driven solutions against the principles of fairness, ethics, accountability and transparency (FEAT).

Fintech investments to get a boost with new industry-wide research platform

SINGAPORE (Nov 12): Even as fintech start-ups struggle to raise capital, investors and financial institutions bemoan the lack of access to information that can help them source companies that could be investment opportunities.

To this end, the Monetary Authority of Singapore (MAS), Deloitte and S&P Global Market Intelligence have come together to help solve the conundrum.

MAS announces US$2 bil programme to support green finance growth

SINGAPORE (Nov 11): The Monetary Authority of Singapore (MAS) is setting up a US$2 billion ($2.7 billion) green investments programme (GIP) to invest in public market investment strategies that have a strong green focus.

According to MAS, the project will help to support the Singapore financial centre in promoting environmentally sustainable projects and mitigating climate change risks in Singapore and the region.

MAS, JP Morgan, Temasek jointly develop prototype for multi-currency payments

SINGAPORE (Nov 11): The Monetary Authority of Singapore (MAS), global investment bank JP Morgan and local sovereign fund Temasek have jointly developed a blockchain-based prototype that enables payments to be carried out in multiple currencies on the same network.

MAS says that the payments network has the potential to improve cost efficiencies for businesses, and is currently undergoing industry testing to determine its ability to integrate with commercial blockchain applications.


SINGAPORE (Nov 11): “The system of making capitalism work well for most people is broken.”Ray Dalio, founder of hedge fund Bridgewater Associates

Trump-Xi trade summit likely pushed to December

US President Donald Trump and Chinese President Xi Jinping may not be able to sign a partial trade deal until December, and two US locations have been ruled out for their highly anticipated meeting, according to a person familiar with the matter.


Singapore's next stage as a fintech hub; download your free pullout here

SINGAPORE (Nov 11): The Edge Singapore is honoured to be the official media partner of the Singapore FinTech Festival for the third consecutive year. SFF2018 was already the world’s largest fintech festival; SFFxSWITCH 2019 (Singapore Week of Innovation and TeCHnology) promises to be bigger and better. It will showcase use cases of exciting new technology such as blockchain/distributed ledger technology, artificial intelligence (AI) and new forms of data analytics.

MAS mulls more green financing incentives

(Nov 6): Singapore may expand green financing incentives for financial services companies to boost their resilience against the economic impact of climate change.

That’s according to Monetary Authority of Singapore Managing Director, Ravi Menon, who says the central bank sees opportunity to expand its sustainable grant program beyond bonds. Financial institutions need to prepare for potential changes in asset values and policy caused by climate change, and be able to seize new business opportunities, he said.

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