Monetary Authority of Singapore
MAS, ABS hold exercise to bolster finance sector's operational resilience
Participants simulated various scenarios like cyberattacks to test their response capabilities.
MAS, ABS hold exercise to bolster finance sector's operational resilience
Participants simulated various scenarios like cyberattacks to test their response capabilities.
Singapore amends insurance bill post-Allianz deal
Key concern raised by the MCCY is the terms and structure of the deal.
ANZ joins Singapore’s Project Guardian
The bank will explore blockchain interoperability to exchange tokenised real-world assets.
MAS issues 5-year prohibition order against Pan Qi
Qi was sentenced to 5 weeks’ imprisonment and fined $120,000 in 2023.
Qoo10 ordered to suspend payments in Singapore
It was unable to prove it can meet its payment obligations to merchants on time, MAS said.
Singaporean banks roll out face verification for digital token setup
It is expected to make it harder for scammers to take over a customer’s DT.
Single family offices reach 1,650 as wealth management sector booms
Chee Hong Tat said the sector could grow further through philanthropy, investing, and talent building.
Sabana REIT trustee asks to delay EGM to vote on internal managers
It urged the requisitionists to hold the EGM once applications are in advanced stages.
MAS, IBF working on gen AI job impact map
Separately, the IBF has given out skills badges to 3,000 professionals.
Labour force upskilling needed as SG nears 'super-aged' status
The future growth must be productivity-led, said DPM Gan Kim Yong.
Financial sector employment up 4,800 in 2023: DPM Gan
The financial sector made up 14% of Singapore’s GDP in 2023.
PDPC to monitor Worldcoin amidst privacy concerns
It will also work with international counterparts as necessary.
MAS warns of misuse in Worldcoin token, account trading
This incident could potentially violate the Payment Services Act 2019.
Female labour force rate at 62.6% in 2023: MAS
This was higher than the OECD average of 56.7%.
MAS reprimands Acesynergy Brokers’ CEO for regulatory breaches
The central bank found weaknesses in its management oversight, amongst others.
Enough steps taken to ensure support with digital banking: MAS
Deploying ambassadors and phone banking were some of solutions rolled out.
MAS banks on financial institutions to enforce robust IT security
All FIs in Singapore must comply with the Personal Data Protection Act (PDPA).
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