MAS imposes additional capital requirement on DBS Bank
MAS has imposed an additional capital requirement on DBS Bank following the unavailability of its digital banking services.
MAS
MAS to change classification of investment products for retail investors
MAS, Monetary Authority of Singapore
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The Monetary Authority of Singapore (MAS) plans changes to the classification of certain investment products as complex.
Singapore’s PayNow and India’s UPI to link in 2022
Singapore’s PayNow and India’s Unified Payments Interface (UPI) are set to link their real-time payment systems by July 2022.
MAS, BdF complete central bank digital currency experiment
CBDC, central bank digital currency, MAS
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The Monetary Authority of Singapore and Banque de France complete an experiment using central bank digital currency (CBDC).
MAS bans trader who defrauded OANDA
Younis Adnan Mohammed deceived online trading platform OANDA into crediting $50,000 into his personal trading account.
Nomura to launch Singapore e-FX pricing and trading engine
e-FX trading engine, MAS, Nomura
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Nomura will launch an e-FX pricing and trading engine in Singapore, with support from the Monetary Authority of Singapore (MAS).
MAS slaps FX fraudster with 10-year ban
forex fraud, MAS, MAS ban
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MAS has issued a 10-year prohibition order against Forex fraudster Ahmadnawar Bin Abd Karim for dishonest conduct.
MAS takes tough stance on online trading fuelled by social media chat groups
market volatility, MAS
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MAS comments on online trading fuelled by social media chat groups and warns it will take firm enforcement action.
Ant Group subsidiary among successful digital bank applicants in Singapore
Ant Group, Ant Group Singapore, digital bank license, MAS
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An entity wholly-owned by Ant Group is among the successful applicants for a Digital Wholesale Bank (DWB) license in Singapore.
Singaporean regulator bans ex-OCBC employee over unauthorized FX trades
FX fraud, MAS, OCBC
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MAS banned Lu Chor Sheng for 17 years because he used the OCBC accounts of a friend to place unauthorised FX trades with off-market rates.
