Singapore
People: Hungarian deputy unexpectedly resigns
Marton Nagy resignation raises questions on future policy; BIS picks new CPMI secretariat head
MAS launches framework to promote responsible AI
MAS to work with banks to fight potential biases introduced by AI tools
MAS preps financial institutions for return to normal
Firms will be able to conduct face-to-face meetings as long as safety protocols are followed
MAS will regulate token derivatives
Central bank updates securities legislation to regulate tokens offered by approved exchanges
MAS announces $4.2 million support for Singapore fintech firms
New support for fintech sector follows $88 million package announced in April
MAS rolls out second relief package for individuals
Individuals can defer repayments of student and car loans as MAS aims to ease debt burden
BIS and G20 launch cloud-based ‘tech sprint’
New initiative will help regulators leverage technology to improve supervision of financial sector
Libra’s Disparte on big tech’s move into digital currency
Facebook-backed consortium still has more than 3 billion customers in its sights
MAS to give $88m in grants to Singapore fintech industry
MAS offers grants to fintech firms in bid to help them survive coronavirus shock
MAS lends support to SMEs through new programme
Ravi Menon says banks are expected to make loans to small businesses at a lower cost
MAS promotes e-payments amid pandemic
Central bank launches campaign for PayNow and universal QR code
Transfer season
Trade frictions with the US have caused a mass industrial transfer to China’s neighbours. Zhou Chengjun, IFF Academic Committee member and inspector of the Macro‑prudential Policy Bureau of the People’s Bank of China, says that shouldn’t stop China…
Crises enliven ‘totalitarian temptations’
Coronavirus pandemic will embolden government ‘power grabs’
People: Sarb and BoE renew senior appointments
Senior Sarb and BoE officials receive new terms; MAS picks new assistant managing director; and more
Singapore eases monetary policy sharply and taps reserves
MAS flattens currency appreciation slope to zero after government unveils $34 billion stimulus
Concentrated firepower: central banks must expand their arsenal
Philip Turner argues central banks should be prepared to go further to avoid economic collapse
Philippines, Taiwan and Indonesia cut rates; Singapore on watch
Asian central banks continue easing to boost virus-hit economies
Fed expands network of swaps to emerging markets
Emerging markets will now have direct access to a dollar backstop, but it is still limited
Book notes: The art of economic catch-up, by Keun Lee
Rather than merely catch-up, book offers countries advice in making sea change in economic statuses
How could the coronavirus affect the world economy?
Central banks may lack firepower, while public health readiness differs sharply between countries
Policy responses to Covid-19
The coronavirus outbreak poses a real threat to the global economy
MAS to allow financial data transfer to US
Data-sharing agreement could see personal data shared across borders
IMF-MAS research says cyber risks can be modelled with limited data
Public data can be used to create unique formulae to model hypothetical cyber attacks
Yngve Slyngstad: contrarian person, brilliant investor
Knut Kjær reflects on the character of the man that has led Norway’s $1.1 trillion SWF