Singapore
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
Libra Association vice-chair Dante Disparte speaks about the decision to abandon a multi-currency reserve, stress-testing a global payment network and how the Facebook-backed body still has 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’
The coronavirus pandemic will embolden governments and bodies such as the International Monetary Fund to grasp for more power, writes Steve Hanke
People: Sarb and BoE renew senior appointments
Senior Sarb and BoE officials receive new terms; MAS picks new assistant managing director; ECB appoints director; William Dudley takes consulting job
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 and financial collapse
Philippines, Taiwan and Indonesia cut rates; Singapore on watch
Asian central banks continue easing to boost virus-hit economies; Singapore slips into deflation for the first time in a decade
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, the book offers countries advice in making a sea change in their 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, writes Sayuri Shirai
MAS to allow financial data transfer to US
Data-sharing agreement could see personal data shared across borders, as data localisation inhibits supervisory processes
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 sovereign wealth fund and contemplates the complex governance challenges ahead
MAS urges vigilance amid rising risks
MAS flags leverage risk in businesses tied to trade and property, as risks to global financial stability rise
Facing up to the tech challenge
Central banks get a wake-up call from libra
Singapore may allow trading in bitcoin-based derivatives
MAS opens consultation on proposal to allow trading of “payment token derivatives”
BIS Singapore hub to focus on digital identities and regtech
Innovation hub launch marks first expansion of BIS’s “global footprint” in 17 years
Bundesbank’s Balz: consumers may be ‘trapped’ in big tech ecosystems
Big tech firms offer consumers convenience, but there are also reasons to worry, Bundesbank official says
MAS develops fintech information-sharing platform
Singapore partners with Canadian and French regulators; Banque de France opens new office in Singapore