Singapore
MAS enlists financial leaders to 'co-create' industry policies
Advisory panel comprising 26 industry leaders will provide "insights and experience" to central bank efforts aimed at making Singapore's financial sector more competitive
Setting risk appetite key foundation for risk culture, speakers at OpRisk Asia say
Efforts to change risk culture should focus on a few 'risk champions' in each department, the OpRisk Asia conference in Singapore hears today
MAS to set up financial technology and innovation unit
Central bank rejigs organisation as part of efforts to turn Singapore into ‘smart' financial centre; hires a global head from Citi to lead new group
First cross-border repo executed in Chinese bond market
ICBC's Singapore branch raises 200 million yuan on China's interbank bond market in first deal since PBoC scrapped limits on offshore access to $5.7tn market earlier this year
MAS committing over $150m to help foster innovation
Ravi Menon reveals plans to help create a ‘vibrant ecosystem for innovation’ including the provision of funds to help lure banks into basing their R&D centres in the country
IMF paper says ‘one size does not fit all’ with macro-prudential frameworks
Working paper examines use of macro-prudential policy in Hong Kong, the Netherlands, New Zealand, Singapore and Sweden
MAS designates seven domestic systemically important banks
The Monetary Authority of Singapore has identified seven systemically important domestic banks, which will have to locally incorporate their retail operations and meet higher capital requirements
Singapore inflation to ease before rising at end of 2015
CPI inflation could be negative on a year-on-year basis for consecutive months, which MAS says reflects ‘falling car prices, housing rentals, and costs of oil-related items’
Singapore dollar ticks up as MAS holds fire
Monetary Authority of Singapore leaves exchange rate policy unchanged despite falling prices in January and February, cites tight labour market
MAS to launch 'unique' government-guaranteed retail bond
Interest on the non-tradable, 10-year bond will increase annually and savers can bow out at any time; product is unique in Asia, analyst says
MAS and Esma ink cross-border CCP clearing deal
MoU paves way for Singapore CCPs providing clearing services to European banks to obtain EU recognition while remaining subject only to MAS regulatory regime
MAS takes first steps towards crowdfunding regulations
Proposed regulations aim to strike a balance between encouraging a valuable source of finance for small businesses and managing the high risks associated with securities-based crowdfunding
MAS makes surprise adjustment to currency policy
In an unscheduled policy statement the Monetary Authority of Singapore announces a reduction of the slope of the currency band after a review of inflation forecasts
MAS deputy charts path toward new financial products
Jacqueline Loh believes greater integration within and across Asia’s capital markets could pave the way for new financial products, including through securitisation
China, India, among founders of Asian Infrastructure Investment Bank
Twenty-one Asian countries establish a new institution to aid infrastructure development in the region, which will be fully operational by the end of 2015
MAS holds policy on back of stubborn core inflation
Monetary Authority of Singapore says it will let the S$NEER appreciate at a 'modest and gradual' rate in its semi-annual monetary policy statement
MAS seeks to widen retail access to Singapore bond market
Singapore’s central bank proposes a host of regulatory changes to ‘make it easier’ for retail investors to buy corporate bonds
MAS' Ravi Menon on Fed policy, China and global regulation
Monetary Authority of Singapore head speaks about Fed policy normalisation, China’s economic trials, global regulatory reforms, macro-prudential policy challenges and regional economic integration
Former Temasek chairman makes switch to GIC board
S Dhanabalan returns to the GIC board which he left in 2005 to become Temasek chairman; Temasek's head of Europe has also quit the fund
Sovereign bonds offer ‘return-less risk' says GIC's head of fixed income
The returns on offer from the biggest sovereign bond issuers offer too little return even for the small level of risk associated, says GIC's managing director in charge of fixed income
MAS launches consultation on tightening up money laundering controls
Monetary Authority of Singapore releases consultation paper on amending the rules aimed at cracking down on money laundering and financing terrorism
Balance between Hong Kong and Singapore ‘vital’ for financial stability
Researchers at the IMF find Hong Kong and Singapore complement each other as financial centres because they specialise in different markets and clienteles
MAS deputy reveals plans to tighten AML/CFT regime
Ong Chong Tee says Monetary Authority of Singapore will require banks to conduct wider assessments of money laundering and terrorism financing risks
Temasek marks 40th birthday by opening New York office
Office is the Singaporean sovereign fund's first in the US; chair Lim Boon Heng says Temasek is forward-looking - even experimenting with Bitcoin