Monetary Authority of Singapore - News, Articles & Research

Company announcement/markets

Citi develops blockchain FX product under Singapore's Project Guardian

Citi has developed an innovative application that uses blockchain infrastructure to price and execute bilateral spot foreign-exchange (FX) trades.

16 November 2023

News/regulation

Singapore develops generative AI risk framework; digital money and ESG also to the fore

The Monetary Authority of Singapore has brought together banks and tech firms to develop a generative AI risk framework and is now exploring how the technology can be used in the financial services sector.

16 November 2023

News/crypto

MAS kickstarts new round of asset tokenization pilots

The Monetary Authority of Singapore is to commence a new series of asset tokenization pilots in collaboration with 17 international banks.

15 November 2023

News/regulation

MAS bars DBS from new business ventures and branch closures

The Monetary Authority of Singapore has barred DBS from acquiring new business ventures or shrinking its branch and ATM network as part of an effort to restore the resilience of its digital banking services following a series of disruptive outages.

01 November 2023

News/payments

Singapore to test interoperable QR Code scheme

The Monetary Authority of Singapore (MAS) is launching a proof of concept (POC) for an interoperable Singapore Quick Response Code Scheme (SGQR+).

31 October 2023

News/crypto

Global regulators form asset tokenisation policy forum

Financial regulators from the UK, Singapore, Switzerland and Japan are collaborating on a new project to explore fund and asset tokenisation use cases and decentralised finance.

31 October 2023

Company announcement/security

Banks and telcos to be held jointly responsible for phishing scams in Singapore

The Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority (IMDA) today published a joint consultation paper proposing a Shared Responsibility Framework (SRF) for phishing scams.

26 October 2023

News/regulation

MAS orders DBS and Citibank to investigate lengthy outage

The Monetary Authority of Singapore has ordered DBS and Citibank to investigate why it took so long to get their systems back up after an outage earlier this month that disrupted online and payment services.

25 October 2023

Company announcement/sustainable

MAS issues banks with guidelines for Net Zero transition

The Monetary Authority of Singapore (MAS) today issued a set of consultation papers proposing guidelines on transition planning by banks, insurers and asset managers to enable the global transition to a net zero economy.

18 October 2023

Company announcement/startups

MAS selects 19 finalists for AI in finance challenge

The Monetary Authority of Singapore (MAS) announced today the 19 finalists for the “Artificial Intelligence (AI) in Finance Global Challenge” under the 2023 Global FinTech Hackcelerator.

10 October 2023

News/regulation

Central banks bid to embed compliance requirements into real-time transactions

The Bank for International Settlements, along with the central banks of Australia, Korea, Malaysis and Singapore, is exploring the possibility of embedding regulatory requirements into cross-border transactions.

05 October 2023

Company announcement/people

MAS chief Ravi Menon retires

The Monetary Authority of Singapore (MAS) announced today that the President of the Republic of Singapore has appointed Mr Chia Der Jiun as Managing Director (Designate), MAS from 1 November 2023 to 31 December 2023, and as Managing Director, MAS from 1 January 2024 to 31 May 2026.

05 September 2023