This August 2022 report contains an update of the latest consumer price developments in Singapore, prepared by MAS and the Ministry of Trade and Industry.

Mr Ravi Menon, Managing Director of MAS, spoke on key uncertainties around the global economy and pivots for private market investment strategies in the uncertain environment.

MAS and IFSCA have signed a FinTech Co-operation Agreement (CA) to facilitate regulatory collaboration and partnership in FinTech.

This information paper follows from a series of anti-money laundering and countering the financing of terrorism (AML/CFT) thematic inspections and engagements conducted by MAS of selected external asset managers. It sets out MAS’ supervisory expectations for effective AML/CFT frameworks and controls and includes good practices and illustrative examples observed.

This semi-annual brief on the Singapore economy also discusses external developments pertinent to our assessment of near-term economic prospects.

MAS conducted thematic inspections on the operational risk management standards and practices of selected banks, with a focus on third party risk management. The paper sets out MAS’ supervisory expectations, good practices, improvement areas and case examples observed from the inspections.