Tag: MAS
Singapore accountability regime possibly more “operational heavy” than Hong Kong
Singapore aims to groom first batch of 120+ asset management trainees
Franklin Templeton allies with Razer Fintech on digital WM platform
FIs must embed strong culture of responsibility and ethical behaviour: MAS
MAS issues three-year prohibition order against former BOS staff
MAS pledges support for financial sector jobs, urges reskilling of workforce for digitalisation
July Regulatory Round-up: HKMA reassures market on NSL, eases compliance measures; MAS proposes omnibus act to address financial risks
MAS and IBF jointly launch map, detailing skills for family offices
MAS fines Asiaciti Trust S$1.1M for AML breaches
MAS probes omnibus regulatory approach to financial sector risks and challenges
June Regulatory Round-up: MAS quashes fund flow rumours; WM Connect launches; PBs in HK ramp up bespoke deal record-keeping
Lufax Holding’s Hong Kong subsidiary receives licences for investment and WM services
Containing COVID-19 cannot cost countries’ connectivity: Ravi Menon
14 out of 21 digital bank applications meet eligibility criteria: MAS
May Regulatory Round-up: Regulators come to the defence of Hong Kong; HKMA reviews incentive structures; Increased demand for fully remote onboarding
MAS calls news of large fund flows from Hong Kong to Singapore “incorrect”
Strict safety measures at Singapore FIs in phased re-openings
HNWIs and FOs are testing the crypto asset water through an index fund: Stack
Hong Kong regulators to review intermediaries’ spread charge policies in 2H20
April Regulatory Round-up: PBs in spotlight as clients face losses; MAS aligns with Hong Kong on suitability; China loosens overseas JV ownership rules
MAS shows signs of moving towards Hong Kong standard of suitability: Synpulse
Extending timelines and deferring policies, MAS wants FIs to focus on COVID-19
March Regulatory Round-up: SFC postpones regulatory deadlines; Asian banks eager to close gap in AML compliance; Force majeure clause may affect PB trading contracts; Regulators scrutinise price transparency at PBs
Price transparency requirement may dent profitability of PBs: Synpulse
PE firms burdened by wider demand for more information: Vistra
BNP Paribas Securities Services to advise Kamet Capital Partners on VCC structure
Asian authorities harness AI in AML fight
February Regulatory Round-up: Regulators aim to soften COVID-19 impact; MAS faults PBs for overcharging clients; China’s largest AML fine; Hong Kong beefs up privacy protection
APAC banks better placed to cut costs and invest in digital transformation: EY
Some PBs overcharge clients and are perfunctory in risk profiling: MAS
MAS asks FIs to step up business continuity plans in corona crisis
Mindful Wealth re-domiciles its Avenida CLO Equity Fund to Singapore
MAS receives 21 digital banking licence applications
Regulatory trends in 2019
A year of handshakes, green lights, and ribbon-cutting: 1Q19
November Regulatory Round-up: Final judgment on scope of “anti-Bartlett” clause; UBS fined for spread overcharges; Regulators launch AI frameworks as bank adoption increases
MAS to formalise reference checks for ‘rolling bad apples’ to strengthen public trust
UBS fined S$11.2 million by MAS on spread overcharges, transparency issues
MAS creates AI framework to promote responsible adoption in financial industry
October Regulatory Round-up: HK prepped for economic downturn; PB dual role of advisor and trustee comes into question; China continues to open onshore market
How to train your AI: Expert chimes in on proper public cloud usage for PBs
Rewards for proper culture not yet reflected in PB payouts: Synpulse
Counter financing of terrorism the next priority in combating financial crimes: MAS
September Regulatory Round-up: Banks warned on liquidity risks; China removes quota control on two schemes
MAS drives boost of cyber risk culture as attacks mount on financial industry
MAS opens applications for digital banking licences
