Monetary Authority of Singapore (MAS)
MAS bolsters efforts on transition finance
Central bank issues new taxonomy and will work on phasing out coal
Singapore, Malaysia and Indonesia launch cross-border payment links
Indonesia and Singapore say they intend to set up local currency settlement framework in 2024
MAS to test “live” wholesale CBDC next year
Central bank chief Ravi Menon backs CBDCs, stablecoins and tokenised bank liabilities as digital money
Singapore and Ghana aim to improve MSME finance
Project aims to create “universal trusted credentials” to assess smaller firms’ creditworthiness
Indonesia and Singapore renew bilateral liquidity lines
MAS and Bank Indonesia also renew bilateral repo agreement
MAS imposes further penalties on Singapore’s biggest lender
Central bank penalises DBS after country’s largest bank experienced repeated service outages
Regulators around the world join Singapore’s tokenisation project
Singapore, UK, Japan and Switzerland will collaborate on decentralised finance infrastructure
MAS tests upgraded unified QR code system
New code could allow merchants to accept different QR payment methods more easily
MAS defends AML supervision in wake of billion-dollar scandal
Credit Suisse, Citi, DBS and Deutsche Bank among firms implicated
People: Former MAS managing director Hu dies
New chair for Kenya central bank’s board; new member of BoE court; and more
Book notes: Bold vision, by Freddy Orchard
Largely uncritical insights about the formation of the GIC and Singapore’s currency regime
Menon to step down as MAS head
Chia Der Jiun will become Singapore’s central bank boss in January
Banknotes: July to September 2023
A round-up of news and salient issues that have affected central bankers in the past three months
MAS finalises rules for stablecoins
Singaporean central bank to label qualified coins as “MAS-regulated stablecoins”
MAS to replace corporate cheques with deferred payment system
Singapore will move to new system by 2025 amid falling usage and rising processing costs
MAS posts record $22.8 billion loss
Managing director Ravi Menon says loss is not a cause for concern
Singapore’s deputy prime minister to become MAS chairman
“Prime minister-in-waiting” Lawrence Wong will succeed Tharman Shanmugaratnam
MAS proposes raising deposit insurance cap
Singaporean central bank says change will mean 91% of depositors are fully covered by scheme
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