MAS boosts enforcement efforts, but some gaps still need plugging

Singapore

THE Monetary Authority of Singapore's (MAS) is stepping up its focus on early detection of market misconduct and swifter resolution of criminal and civil cases to boost enforcement efforts here. But in an environment where financial misconduct is increasingly sophisticated and complex, there are still gaps to be plugged, said market observers.

Efforts by the regulator were outlined in its latest enforcement report published on Wednesday. The report updates the market on enforcement matters in the financial markets undertaken by MAS between January 2019 and June 2020 and is made public every 18 months.