Re-appointments to the MAS Board of Directors
MAS announced the re-appointment of two existing members to the MAS Board of Directors.
IMPORTANT NOTICE: Scam emails, supposedly from MAS, have been sent to customers of moneylenders, asking for validation fees to be paid before loans are disbursed. MAS DOES NOT handle loan applications, nor collect validation fees or fees of any nature from the public. If you receive such emails, please DO NOT transfer any funds, and report the email to webmaster@mas.gov.sg.
MAS' Response to Covid-19
Learn about MAS' actions to support the Singapore economy and ensure the stability of our financial system amid the COVID-19 pandemic.
News
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SPF, IMDA and MAS Block Unregulated Overseas Online Trading Platform
The Singapore Police Force (Police), the Infocomm Media Development Authority (IMDA) and MAS have taken action to block the website of an unregulated trading platform, Arotrade.
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“Fairness Metrics” to Aid Responsible AI Adoption in Financial Services
MAS announced that the first phase of the Veritas initiative - a framework for financial institutions to promote the responsible adoption of Artificial Intelligence and Data Analytics (AIDA) - will commence with the development of fairness metrics in credit risk scoring and customer marketing. These metrics will help financial institutions validate the fairness of their AIDA solutions in the two use cases. More use cases will be identified in subsequent phases of the initiative.
Publications
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Consultation Paper on Proposed Regulatory Approach for Derivatives Contracts on Payment Tokens
This consultation sets out MAS' proposed regulatory approach under the Securities and Futures Act for derivatives contracts that reference payment tokens (e.g. Bitcoin) as underlying assets.
- Consultation number:
- P015-2019
- Start date:
- 20 November 2019
- Closing date:
- 20 December 2019
- MAS response date:
- 15 May 2020
- Status:
- Responded
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Privacy, Trust in Banks, and Use of Cash
This study by Ivan Png and Charmaine Tan was published as Special Feature C in the April 2020 Macroeconomic Review.
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Regulation, Technology and the Banking Sector
This study by Amit Seru was published as Special Feature B in the April 2020 Macroeconomic Review.
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