monetary authority of singapore

Fines totalling S$16.8m slapped on 42 financial firms in Singapore in 18 mths ended December '18

A TOTAL of S$16.8 million in financial penalties and settlements was slapped on 42 financial institutions here as part of enforcement actions taken by the Monetary Authority of Singapore (MAS)...

MAS delays banks' implementation of e-payment user protection guidelines to June 30

THE Monetary Authority of Singapore (MAS) on Thursday said that it will give banks and credit card issuers more time to adopt the e-payments user protection guidelines, which were first issued last...

Economy watchers trim Singapore 2019 GDP forecasts

SINGAPORE is headed for a slowdown, private-sector analysts said, while agreeing that the US-China trade war is the top risk to the economy.

Noble - too much faith in a 'clean' audit?

SINGAPORE authorities finally took action on Tuesday to probe locally listed Noble Group, more than three years after the first reports of accounting irregularities surfaced at the Hong Kong-based...

Noble probe launched - three years after alarms first raised

BARELY a week to the expected listing of a new Noble Group that will be born out of a massive debt revamp on the Singapore Exchange (SGX), Singapore authorities have stunned the market with news that...

E-wallet, crypto players show support for Payment Services Bill

E-WALLET and cryptocurrency players welcomed - with some degree of reservation - the new regulatory framework for payment services that was unveiled on Monday.

MAS puts fintechs on notice against shadow banking

EVEN as the Monetary Authority of Singapore (MAS) is welcoming of fintech players, it will draw a clear line to prevent shadow banking from emerging from payment startups.

MAS releases new guidelines on robo-adviser requirements

THE Monetary Authority of Singapore (MAS) has unveiled new guidelines on digital advisory services, where so-called "robo-advisers" give investment tips using automated tools with little to no human...

Economists stick to forecast of 3.2% GDP growth for 2018, but more are wary of external risk factors

CONFIDENCE in the manufacturing sector as a growth driver has risen, with Singapore's overall economic prospects on track for previous forecasts, according to the latest survey of private-sector...

Net increase of 7,800 jobs in financial industry in last 2 years: MAS

THE number of net jobs created for Singapore's financial industry is set to exceed the 8,000 target by year end - and the nation is just halfway through its efforts to transform its financial...