Monetary Authority of Singapore (MAS)

MAS commits $42 mil towards tech grants for financial sector - THE EDGE SINGAPORE

Disruption and Digitalisation

MAS commits $42 mil towards tech grants for financial sector

The Monetary Authority of Singapore (MAS) is pledging $42 million towards two schemes aimed at promoting the adoption of tech and digital solutions within the financial sector - a new Reg

Homegrown fintech firm signs MOU with Chongqing Monetary Authority - THE EDGE SINGAPORE

Fintech

Homegrown fintech firm signs MOU with Chongqing Monetary Authority

In its first major venture abroad, homegrown fintech firm iSTOX has signed a Memorandum of Understanding (MOU) with the Chongqing Monetary Authority, which manages monetary matters in the Chinese c

REITs

Eagle Hospitality Trust update: Urban Commons and the audacity of hope

In a somewhat audacious move, on Aug 12, Urban Commons, the sponsor of Eagle Hospitality Trust when it listed in May last year, issued a press release full of angst.

Banking & finance

MAS calls on Hong Leong Finance, Singapura Finance, Sing Investments to cut dividends too

Just nine days after calling banks to curb their dividend, the Monetary Authority of Singapore is urging finance companies to similarly cap their dividends this year to 60% of what they paid last y

Fintech

How Singapore regulators help FinTech development

The finance industry has been one of the most enthusiastic proponents of advances in technology.

Regulatory Action

MAS strips Apical Asset Management’s license over AML/CFT breaches

Yesterday, the Monetary Authority of Singapore (MAS) announced that it had revoked the capital markets services (CMS) license of APICAL Asset Management (AAMPL) over “serious breaches” of its Anti-

Global Economy

Briefs

Quoteworthy: "You've waited 20 years, extending six months doesn't actually matter." — Malaysia's Anwar Ibrahim, on waiting beyond the initially agreed May deadline to ta

Budget 2019

Time for review of cooling measures?

SINGAPORE (Feb 7): Nearly two years after the July 2018 round of property cooling measures, the private residential prices have stabilised, loan growth held steady, and excessive speculative heat s

Banking & finance

MAS imposes $11.2 mil civil penalty on UBS for 'deceptive trades' by client advisors

SINGAPORE (Nov 14): The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $11.2 million on UBS for deceptive trades made by the investment bank’s client advisors in Sin

Fintech

Singapore considers extending fintech funding beyond 2020

SINGAPORE (Nov 11): Singapore’s central bank is poised to extend funding for financial-technology initiatives because the five-year round ending in March has yielded positive results, its top offic

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