Incentive Structures in the Banking Industry – Fostering Sound Behaviour and Conduct
MAS conducted a series of thematic inspections on incentive structures of selected banks in 2018 to assess how banks’ incentive structures were aligned with prudent risk-taking and ethical behaviour. This information paper highlights good practices and illustrative examples observed from the inspections. It also sets out the desired outcomes relating to incentive structures that MAS expects to see in banks.
Orchid Blueprint sets out the technology and infrastructure building blocks that would be required to facilitate digital money transactions in the future. The blueprint incorporates learnings from the Project Orchid industry trials and industry engagements.
This whitepaper was jointly developed in collaboration with the Financial Industry, FinTechs and Industry Groups. It proposes a common model for linking digital asset networks implemented on diverse ledger technologies and describes common archetypes for the issuance, distribution and transfer of digital assets and...
This report presents proposals from a comprehensive feasibility study on the potential for the introduction of SGQR+ as Singapore’s future interoperable payments infrastructure. The study was conducted by the EY organisation, and Singapore’s key payment network operator, Banking Computer Services (BCS), with the support of MAS. The study’s key areas of focus were to determine the readiness of merchants and payment providers to adopt interoperable QR payments, and the benefits of enabling seamless and secure cross-platform QR payment transactions.