Effective risk management is essential for maintaining regulatory compliance and operational resilience. Curia Regis provides practical insights on risk governance and MAS expectations. Our articles cover operational risk, third-party risk and technology risk for financial institutions in Singapore.
The latest FATF Recommendations update reflects the Financial Action Task Force's ("FATF") role as the global standard-setter for combating money laundering and terrorist financing ("ML/TF"). The FATF Recommendations provide a…
Introduction The Markets in Crypto-Assets Regulation (MiCA Regulation) represents a landmark piece of European legislation. It is designed to comprehensively regulate the rapidly evolving crypto-asset market. It is also seen…
Understanding public vs private funds is essential for Singapore fund managers, as the sector matures and caters to a wider range of investors and their specific needs. Fund Management today…
AI model risk management is under growing scrutiny following the Monetary Authority of Singapore's (MAS) thematic review of financial institutions' Artificial Intelligence (AI) and Generative AI practices in mid-2024. The…
Who is the Wolfsberg Group? Wolfsberg Group digital assets guidance is reshaping how Financial Institutions assess ML/TF risk. The Wolfsberg Group (the Group) is an alliance of 13 global banks…
Singapore regulators have recently issued multiple circulars and information papers on AML/CFT controls. These detail the expected market standards and supervisory expectations for Financial Institutions (FIs). This increased regulatory scrutiny…
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 risk management is becoming essential as Financial Institutions (FIs) continue to adopt cutting-edge technologies for operational efficiency and better service delivery to their clients. As such, FIs such 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. This is broken down…
Singapore updated its National Risk Assessment (NRA) on Money Laundering (ML) and Terrorism Financing (TF) risks. The update reflects new threats and vulnerabilities shaped by global, regional and local developments.…