The Singapore Court of Appeal has upheld the landmark 36-year prison sentence for Mr. Soh Chee Wen (also known as John Soh) and 20-year sentence for Ms. Quah Su-Ling, the masterminds behind Singapore’s largest stock market manipulation case in history. In a joint statement released on April 9, 2026, the[Read More…]
MAS
MAS Collaborates with Singapore Banks to Strengthen GIRO Payment Safeguards Amid Consumer Protection Review
The Monetary Authority of Singapore announced on April 8, 2026 that it is working with the Association of Banks in Singapore and member banks to strengthen safeguards for GIRO payment systems following parliamentary questions about duplicate deductions and consumer protection gaps. MAS board member and Minister of State Alvin Tan[Read More…]
MAS Partners with Industry Consortium to Launch AI Risk Management Toolkit for Financial Sector [Updated]
The Monetary Authority of Singapore (MAS) announced on March 20, 2026 the successful conclusion of phase two of Project MindForge, culminating in the…
MAS Flags Risks in Insurers’ Growing Private Asset Allocations, Warns of Liquidity and Valuation Vulnerabilities
The Monetary Authority of Singapore (MAS) is monitoring insurers’ growing allocation to private assets following recent market disruptions that highlighted vulnerabilities, including liquidity and valuation risks. MAS Assistant Managing Director Marcus Lim issued the warning at the Life Insurance Association Annual Luncheon on March 30, 2026, emphasizing that insurers must[Read More…]
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