Blackrock launching two MPF funds, Singapore’s UOB AM and T. Rowe Price rolling out a tech fund in Singapore; key APAC senior management changes at Australia’s AMP Capital; dwindling number of billionaires around the world; an institutional mandate for UK’s Prestige; Hong Kong and Singapore’s regulators penalising professionals for WeChat and spoofing; AIA names David Beckham as its global ambassador; NNIP’s positive outlook for Mongolia; etc…
Tag: Monetary Authority of Singapore

Singapore bans ex-Goldman Sachs banker in 1MDB scandal
Former Goldman Sachs director Tim Leissner has been banned from working in Singapore’s financial services industry for 10 years for his involvement with stricken Malaysian sovereign wealth fund 1MDB, with further prohibition orders expected.

MAS to reinforce retail investor protection
Retail investors in Singapore will receive greater protection following changes to the Securities and Futures Act (SFA).
MAS wants ethics training requirement
In the wake of the 1MDB scandal, the Monetary Authority of Singapore is consulting with the industry to introduce an ethics module in the exam taken by representatives appointed by financial advisers and capital markets intermediaries.

More protection to be offered to wealthy Singapore investors
Wealthy investors in Singapore may soon be able to choose to be covered by the same protections as retail investors under proposals from the Monetary Authority of Singapore (Mas).
Singapore opens fintech hub while curbing internet
MAS opens a fintech innovation lab as authorities aim to cut off web access for public servants.
MAS stops operations of fund house
The Monetary Authority of Singapore said V Wealth Capital Pte can no longer conduct its fund management business in Singapore after failing to comply with a number of rules.
MAS penalizes asset manager
The Monetary Authority of Singapore has taken enforcement action against Pu Weidong and Triumpus Assets Management for insider trading.
Singapore to set up fintech office
The Monetary Authority of Singapore is in a push to develop a financial technology industry, following Hong Kong’s move last month.

Singapore reaches out for financial industry advice
As Hong Kong develops strong market links with China, Singapore’s new financial centre advisory panel hopes to chart strategies for the Lion City’s own future.