News Centre

Written Reply To Singapore Parliamentary Questions On Former Formula One CEO Bernie Ecclestone's Alleged S$650 Million Trust In A Singapore Bank Account

Date 02/08/2023

Questions:

Ms Chua Kheng Wee Louis: To ask the Prime Minister in relation to the UK trial of Bernie Ecclestone that allegedly involves undisclosed assets of USD 650 million in a Singapore bank, whether MAS is satisfied with the anti-money laundering precautions that have been put in place at the bank.

Investor Activity On GPW Group Markets – July 2023

Date 02/08/2023

• GPW Main Market Electronic Order Book equities turnover value decreased by 7.1% YoY to PLN 19.3 billion
• NewConnect Electronic Order Book equities turnover value increased by 17.6% YoY to PLN 173.5 million
• Index futures turnover volume decreased by 28.7% YoY to 466,100 contracts
• Structured products turnover value increased by 5.8% YoY to PLN 192.7 million
• ETF turnover value increased by 28.3% YoY to PLN 72.4 million
  • Electricity turnover volume decreased by 14.2% YoY to 10.3 TWh
  • Natural gas turnover volume increased by 27.6% YoY to 8.9 TWh

Nigerian Exchange (NGX) Partners With The UK Government’s MOBILIST Programme

Date 02/08/2023

Nigerian Exchange Limited (NGX) will partner with the UK government’s Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) programme to enable greater investment toward achieving the United Nations Sustainable Development Goals (SDGs) in Africa through products listed on the Exchange.

Written Reply To Singapore Parliamentary Question On Impact Of Artificial Intelligence On Trading Platforms In Financial Markets

Date 02/08/2023

Question:

To ask the Prime Minister whether MAS has assessed the impact of artificial intelligence (AI) on trading platforms in financial markets for (i) the risk of "herding" where individual actors make similar decisions due to similar trained AI models or similar data aggregates and (ii) the potential for conflict of interest when a trading AI platform system is simultaneously considering both the platform's interest and the customers' interests, especially if without disclosure to customers.

ASIC Warns Of Further Action Against Market Misconduct

Date 02/08/2023

ASIC is warning market participants that strong, targeted enforcement action will continue in the coming months as part of its focus on protecting consumers from harm and upholding market integrity.

Oral Reply To Singapore Parliamentary Questions On Implications Of Strong Singapore Dollar On Monetary Authority Of Singapore' Losses

Date 02/08/2023

Questions:

Ms Hazel Poa: To ask the Prime Minister what were the benefits of a strong Singapore dollar policy that recorded S$30.8 billion in losses last year by the Monetary Authority of Singapore.

Assoc Prof Jamus Jerome Lim: To ask the Prime Minister how much of the reported losses by MAS for FY 2022/2023 are attributable to (i) losses from currency interventions (ii) changes in valuation (iii) investment exposures and (iv) other sources.

Mr Don Wee: To ask the Prime Minister in order to maintain a strong Singapore dollar policy and to curb losses, whether MAS has plans to increase the interest yields and payments of its Treasury Bills and bonds so as to encourage a higher level of savings.

Statement By US Secretary Of The Treasury Janet L. Yellen - Recent Decision By Fitch Ratings

Date 01/08/2023

Secretary of the Treasury Janet L. Yellen issued the following statement on the recent decision by Fitch Ratings. 

Fiserv Appoints Charlotte Yarkoni To Board Of Directors

Date 01/08/2023

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, today announced the appointment of   Charlotte Yarkoni to its board of directors. Yarkoni is a proven technology leader with an extensive background in cloud-based applications who has held executive leadership roles at both public and privately held technology firms.

Nasdaq July 2023 Volumes

Date 01/08/2023

Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for July 2023 on its investor relations website. A data sheet showing this information can be found at: http://ir.nasdaq.com/financials/volume-statistics.

SEC Charges New Jersey-Based ETF Manager For Fraudulent Conduct And Bars Founder

Date 01/08/2023

The Securities and Exchange Commission today charged Samuel Masucci and entities he founded and controls with disadvantaging an exchange traded fund (ETF) they managed and misleading the ETF’s trustees to obtain $20 million in rescue financing to avoid a possible bankruptcy. Masucci and the entities agreed to pay a combined $4.4 million to settle the charges.