Singapore
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
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
Data sharing as a policy intervention
Increasing access to data represents another policy lever regulators can pull to achieve their objectives, writes David Bholat
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
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
People: Natia Turnava becomes first woman to lead NBG
National Bank of Georgia names Turnava acting governor; RBI appoints deputy; and more
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
Singapore’s central bank to work with Google on AI
MAS also announces AI training programme for financial sector
Temasek cuts staff pay over failed FTX investment
Singaporean sovereign wealth fund says investment in FTX has damaged its reputation
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