MAS
MAS issues supervisory expectations on responsible AI adoption by financial institutions
MAS' guidelines provide a comprehensive framework for AI risk management across the financial sector. They apply to all FIs and all forms of AI technologies, while allowing each FI to assess how best to meet MAS’ supervisory expectations based on the nature and scale of its AI use, and the associated risk materiality.
MAS flags risks from potential AI investment pullback
A sharp pullback in artificial intelligence (AI)-related investment and a reassessment of AI asset valuations could weigh on Singapore’s corporate earnings, household incomes and financial stability, the Monetary Authority of Singapore (MAS) said on Tuesday.
MAS says AI set to transform Singapore financial system
Artificial intelligence (AI) is set to become a foundational capability for financial institutions as technology advances rapidly, but stronger governance and cybersecurity measures will be needed to ensure its safe and sustainable adoption, Monetary Authority of Singapore (MAS) managing director Chia Der Jiun said.
BitGo opens Singapore office as APAC digital-asset business expands
BitGo has opened a Singapore office, citing growth in its regional client base and prime-brokerage activity since it received a Monetary Authority of Singapore license in 2024.
MAS consults on legislative amendments to implement stablecoin regulatory framework
The Monetary Authority of Singapore (MAS) has on Tuesday published a consultation paper on proposed legislative amendments to the Payment Services Act 2019 (PS Act) to implement MAS’ regulatory framework for stablecoins in Singapore.
MAS commits $173M to support next phase of FinTech innovation
The Monetary Authority of Singapore (MAS) announced Monday a S$220 million ($173 million) commitment over three years under the renewed Financial Sector Technology and Innovation Scheme (FSTI 4.0) to strengthen Singapore’s FinTech ecosystem and accelerate innovation and technology adoption across the financial sector.
MAS introduces measures to strengthen Singapore’s competitiveness as leading asset management hub
The Monetary Authority of Singapore (MAS) announced Wednesday a set of measures to strengthen Singapore's competitiveness as a leading asset management hub.
Maybank collaborates with MAS to advance programmable cross-border settlement
Maybank Singapore announced Thursday its participation in the Monetary Authority of Singapore's (MAS) BLOOM initiative, reinforcing its commitment to advancing next-generation, best-in-class cross-border payments and transaction banking infrastructure.
Singapore Central Bank’s Chief sees sustainability of AI investment boom a key risk for financial market
The Monetary Authority of Singapore (MAS) Managing Director Chia Der Jiun said Tuesday that he sees the sustainability of the artificial intelligence (AI) investment boom as one major uncertainty for financial markets and financial stability.
Singapore establishes taskforce to strengthen cyber and technology resilience against AI-driven threats
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announced Tuesday the establishment of the AI-Driven Cyber and Technology Risk Taskforce (ACT), an industry-wide initiative to strengthen collective cyber and technology resilience in response to the emerging risks posed by frontier artificial intelligence (AI) models.…
