OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
Singapore’s Retail CBDC Challenge Announces 15 Finalists
The Global CBDC Challenge has found its 15 finalists. The competition created by the Monetary Authority of Singapore (MAS) aims to develop retail Central Bank Digital Currency (CBDC) solutions. The finalists will progress to the…
LuLu Financial Appoints Ex-ADGM CEO Richard Teng
LuLu Financial has appointed Richard Teng, former CEO of Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), as an Independent Director to its Board. The UAE-based holding company is proceeding in a global…
MAS Announces Key Initiatives to Support SORA Adoption
Singapore, 5 August 2020… The Monetary Authority of Singapore (MAS) today announced several initiatives to support the adoption of the Singapore Overnight Rate Average (SORA)SORA is defined as the volume-weighted average rate of borrowing transactions…
MAS Announces Extension of the US$60 Billion Swap…
Singapore, 30 July 2020…The Monetary Authority of Singapore (MAS) announced today that it will continue to provide US Dollar (USD) via the MAS USD Facility following the extension of MAS’ US$60 billion swap arrangement with…
MAS Calls on Local Banks to Moderate FY2020…
Singapore, 29 July 2020… the Monetary Authority of Singapore (MAS) has called on locally-incorporated banks headquartered in Singapore (“Local Banks”) to cap their total dividends per share (“DPS”) for FY2020 at 60% of FY2019’s DPS,…
IBF and MAS Launch Skills Map to Enhance…
Singapore, 27 July 2020… The Institute of Banking and Finance Singapore (IBF) and the Monetary Authority of Singapore (MAS) launched today, a skills map for family office advisors to deepen specialist skillsets in order to…
Wirecard Complies with MAS Directions to Keep Customer…
Singapore, 30 June 2020…The Monetary Authority of Singapore (MAS) said today that Wirecard entities in Singapore have complied with MAS’ directions to hold customers’ funds in segregated accounts with banks in Singapore. MAS is closely…
MAS Consults on Environmental Risk Management Guidelines for…
Singapore, 25 June 2020... The Monetary Authority of Singapore (MAS) today issued a set of three consultation papers on its proposed Guidelines on Environmental Risk Management (Guidelines) for banks, insurers and asset managers. The Guidelines…