Tag: MAS
MAS proposes new identification rules to deter abuse of omnibus accounts
MAS to issue up to five digital bank licences
“Very strong” demand for cross-border testing platform of global regulatory group
May Regulatory Round-up: “Vague” rules cause compliance complications; Concerns over new misconduct reporting laws; Revamp fintech, processes to achieve compliance
FIs have not restored public trust since GFC: Ravi Menon
MAS launches industry steering group to promote proper culture
New MAS rule sparks dispute between issuers and PBs on product classification
Dissatisfied clients get more choice with HKMA’s issuance of four new virtual bank licences
Potential conflicts emerge as regulators crack down on misconduct reporting
April Regulatory Round-up: APAC regulators maintain AML focus; bank culture requires practical enforcement; concerns over conflicting cross-border regulations
APAC’s AML crackdown is “commendable but insufficient”
Private bankers less affected by digital transformation than support staff: MAS
PBs must look beyond awareness campaigns to achieve proper banking culture: Synpulse
Traditional KYC insufficient in reducing proliferation financing: MAS
Banks face challenge of strengthening “tone from the middle”: MAS
GFMA: Data localisation restricts provision of financial services
Inaugural MAS Enforcement Report: 1MDB investigation continues
Establishing FOs in haste can result in misaligned expectations: Lombard Odier
FIs are aware of cybersecurity risks but third-party due diligence falls short
Revised accredited investor regime requires PBs make “substantial changes”
February Regulatory Round-up: Australia’s Banking Royal Commission draws to a close, Deadline for SFC’s suitability rules looms, MAS launches fintech guidance
MAS poised to update rules on banks’ outsourcing arrangements amid growth in fintech partnerships
MAS drops ex-ante approval requirement for cross-border financial services
OFC regime in Asia promotes collaboration with Europe’s fund industry: ALFI
2019 regulatory outlook: What’s in store for Asia’s private banks?
MAS extends deadline for revised accredited investor assessment
Key regulatory trends in 2018
‘Bigtech’ firms could be next systemically important FIs: MAS
MAS commits to S$30 million cybersecurity grant
November Regulatory Round-up: New tax initiatives in China and Malaysia; SFC implements FMCC; regulators introduce several fintech rules
Stakeholders’ “widely divergent” needs were a challenge for halted KYC project: ABS
HK Fintech Week & Singapore Fintech Festival: 2018 wrap-up
Cybersecurity breaches highlight risks of centralised data stores
Deutsche Bank’s new APAC tech lab to supercharge WM business
MAS signs fintech deals with Bahrain and Kazakhstan
MAS’s Menon pushes for data without borders
October Regulatory Round-up: Regulators play fintech balancing act
SFC leverages ‘suptech’ and collabs to improve market supervision
Singapore’s 19% YoY AUM hike supported by broad-based asset growth
MAS “has not succeeded” in building KYC utility: Ravi Menon
Singapore signs fintech agreement with Indonesia
MAS “makes it easier” for robo-advisors with new guidelines
MAS’s new opt-in accredited investor regime to protect HNW investors
APIs expose FIs to greater cybersecurity threats: MAS’s CSAP
September Regulatory Round-up: MAS lists enforcement priorities; PWMA suggests PWM codes for HK; online suitability a “huge challenge”
MAS’s latest monograph lists determinants of enforcement priorities
