Financial institutions in Singapore operate in an increasingly complex regulatory environment. Curia Regis provides regulatory compliance, risk management, internal audit and governance insights to help firms meet evolving expectations. We support fund managers, capital markets firms and other MAS-regulated entities. Our insights help firms navigate industry developments, emerging risks and regulatory change.
The Monetary Authority of Singapore (MAS) conducted a thematic review of financial institutions' Artificial Intelligence (AI), including Generative AI model risk management practices in mid-2024. The review highlighted several key…
Who is the Wolfsberg Group?The Wolfsberg Group (the Group) is an alliance of 13 global banks formed in 2000 to develop anti-money laundering and counter-terrorist financing guidelines. Its members collaborate…
The regulators in Singapore have been busy in recent times, issuing multiple circulars and information papers detailing the expected market standards and supervisory expectations for Financial Institutions (FIs) in relation…
For fund management companies in Singapore, liquidity risk refers to the risk that the Fund vehicles they manage may not have sufficient cash or liquid assets to meet obligations when…
Technology is an inevitable part of the financial industry as Financial Institutions (FIs) continue to adopt cutting-edge technologies for operational efficiency and for better service delivery to their clients. As…
With the repeal of the Registered Fund Management Company (RFMC) regime, all Fund Management Companies (FMCs) are now under the Capital Markets Services License (CMSL) regime, broken down for Retail…
Singapore’s National Risk Assessment (NRA) pertaining to prevalent Money Laundering (ML) & Terrorism Financing (TF) risks was recently updated. The updated NRA covers threats and vulnerabilities in Singapore which evolved…
There have been an array of new circulars, guidelines and announcements from the Monetary Authority of Singapore (MAS) recently, relating to the improvement of Anti-Money Laundering/ Countering the Financing of…
In the wake of the recent global IT outage affecting CrowdStrike (CS) from a periodic software update, Financial Institutions worldwide and in Singapore are reassessing the critical importance of robust…
Outcome from the Guidelines on Fair Dealing — Board and Senior Management Responsibilities for Delivering Fair Dealing Outcomes to Customers:Outcome 1: Customers have confidence that they deal with financial institutions…