Monetary Authority of Singapore (MAS)
Banknotes: April to June 2023
A round-up of news and salient issues that have affected central bankers in the past three months
Singapore’s central bank to work with Google on AI
MAS also announces AI training programme for financial sector
MAS launches AI training programme for key financial institutions
Central bank will design training programmes with universities and institutes
NY Fed and MAS test distributed ledger CBDC payments
System averaged 6.48 payments a second, with peak of 47 payments a second
Ravi Menon reappointed as MAS chief for two more years
Menon was previously rumoured to be leaving his long-held post
PBoC and MAS join forces to promote sustainable finance
New task force will work to align green taxonomies in China and Singapore
MAS did not tell banks to ‘keep quiet’ about China flows, group says
Private banking group says sources of inflows into Singapore remain diversified
Menon set to leave MAS this year – reports
Former MAS assistant managing director tipped to take over the role
Singapore’s central bank holds policy for first time since 2021
MAS warns of slowing economic growth for this year
Singapore and Malaysia set up cross-border payments link
Travellers can use QR codes to pay for transactions in foreign stores
BIS to trial Asian instant payments link
Project Nexus aims to create standardised cross-border link for different countries’ systems
MAS set to build digital platform to tackle financial crimes
Central bank will develop an information-sharing platform with six leading banks
Apac central banks reassure amid Credit Suisse woes
Central banks in Australia, Singapore and Hong Kong say banking systems remain stable
India and Singapore link fast payments systems
Connection designed to help diaspora make cheaper and faster transfers
BoT’s Sethaput on inflation dynamics, central bank mandates and multi-lateral payments
Thai governor speaks about higher inflation, sustainable finance challenges, CBDC experiments and payments governance
There’s work to be done on RTGS contingencies
Central bankers from Canada, Thailand, Singapore and Brazil discuss RTGS backup planning
Currency round-up: Yellen’s signature added to US money
Singapore ends practice of printing new year notes; new coins in Canada and Ghana; and more
Singapore’s Temasek fund ‘reviewing’ $275 million FTX loss
Deputy prime minister Wong admits reputational damage but says state does not need to audit fund
People: Esma appoints vice-chair
HKMA names deputy chief executive; MAS expands sustainability group
The long road to 24-hour RTGSs
Extended hours would help international payments but some central banks challenge the business case
Hong Kong consults on allowing retail crypto trading
Officials hope to improve city’s appeal to tech investors as Singapore proposes tougher crypto regulation
Menon urges policy-makers to take a longer term view
Climate change is “the mother of all supply-side shocks”, MAS chief says
Singapore’s central bank tightens policy for fourth time this year
MAS decision comes after Singapore’s economy rebounded in the third quarter
Rate rises reveal defi weaknesses – Powell
Regulating algorithms highlighted as key crypto challenge at Banque de France conference