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- MAS
- Monographs/Information Papers
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- The Monetary Authority of Singapore (MAS) and Banque de France (BdF) jointly experimented on wholesale cross-border payment and settlement using central bank digital currency (CBDC). The experiment, supported by J.P. Morgan’s Onyx, simulated cross-border transactions involving multiple CBDCs (m-CBDC) on a common network between Singapore and France. This is the first m-CBDC experiment that applied automated market making and liquidity management capabilities to reap cross-border payment and settlement
- MAS
- Speeches
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- Likewise, a payment service through the Internet will not automatically attract regulation These are typically small payments, often in connection with e-commerce. Only larger, more significant players that cross the materiality and other thresholds are regulated.
- PDPC
- Commission's Decisions
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- Royal Caribbean Cruises (Asia) was found not in breach of the PDPA in relation to a coding error in a business software which resulted in emails containing personal data being sent to unintended recipients. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-1804-B1931 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Royal Caribbean Cruises (Asia) Pte. Ltd. SUMMARY OF THE DECISION 1. On 5 April
- MAS
- Media Releases
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- Singapore, 30 August 2021 … The Monetary Authority of Singapore (MAS) announced today the 15 finalists for the global competition to develop retail Central Bank Digital Currency (CBDC) solutions (Global CBDC Challenge). The finalists, comprising financial institutions, FinTechs and technology solution providers, will progress to the Acceleration Phase of the Global CBDC Challenge, before they pitch their solutions to a panel of judges and an international audience at this year’s Singapore FinTech
- MAS
- Media Releases
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- Singapore, 30 August 2021 … The Monetary Authority of Singapore (MAS) announced today the 15 finalists for the global competition to develop retail Central Bank Digital Currency (CBDC) solutions (Global CBDC Challenge). The finalists, comprising financial institutions, FinTechs and technology solution providers, will progress to the Acceleration Phase of the Global CBDC Challenge, before they pitch their solutions to a panel of judges and an international audience at this year’s Singapore FinTech
- MAS
- Media Releases
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- . ***** Background information on Payments Council Established in 2017, the Payments Council brings together both the providers and users of payment services in Singapore.
- services in Singapore, and is chaired by MAS.
- account changes such as in a customer’s key contact details; f) dedicated and well-resourced customer assistance teams to deal with feedback on potential fraud cases on a priority basis; and g) more frequent scam education alerts. [2] The Payments Council comprises the major providers and user groups of payment
- MAS
- Parliamentary Replies
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- Parliament also enacted the Payment Services Act, so that we have fit-for-purpose regulations that set cyber hygiene standards for different payment services licensees.
- MAS
- Notices
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- Requirements on the balanced scorecard framework for representatives and supervisors of financial advisers, and the independent sales audit unit. This notice applies to all licensed financial advisers and exempt financial advisers. It does not apply to a financial adviser in respect of the activities, recommendations or transactions set out under regulation 34A of the Financial Advisers Regulations . It sets out the requirements, specifically the design and operation of the balanced scorecard framework
- MAS
- Speeches
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- The Payments Services Act is a forward looking and flexible framework for the regulation of payment systems and payment service providers in Singapore.
- In payments, we have built up the national electronics payments infrastructure to provide instant, seamless digital payment services that is more convenient and intuitive to users. FAST allows fast and secure payments for both consumers and businesses.
- MAS
- Consultations
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- Consultation Paper VIEW DOCUMENT Consultation Paper on Proposed Legislation to Protect Payment and Settlement Systems (180.8 KB) Joint Consultation Paper by The Monetary Authority of Singapore The Attorney-Generals Chambers of and Singapore LEGAL PROTECTION FOR FINANCIAL PAYMENT SYSTEMS 15 August 2002 -------- LEGAL PROTECTION FOR FINANCIAL PAYMENT SYSTEMS CONTENTS Settlement risk Systemic risk Executive Summary Introduction Risks in Foreign Exchange Transactions