Singapore

Enforcement

SGX Reprimands RHT Capital for Breaching Sponsor Obligations

By Editors | 14/12/2024

RHT Capital failed to advise Y Ventures to promptly disclose that its financial statements contained material errors that were false and misleading

Singapore’s Temasek Establishes New Portfolio Dedicated to Private Credit

By Editors | 10/12/2024

Temasek said the move will enhance its ability to capture global private credit opportunities and shape a resilient and forward-looking portfolio.

Sanctions

DBS Expands Team Handling Russian Wealth Assets – Report

By Editors | 07/12/2024

DBS said every client is treated on his or her own merits and that the bank does not deal with sanctioned individuals.

Fintech / Regtech

MAS Issues Information Paper on AI Model Risk Management

By Nithya Subramanian | 06/12/2024

The paper sets out good practices for managing risks associated with AI, including GenAI, based on a thematic review of banks’ practices.

Fintech / Regtech

MAS Extends Deadline to Cease Corporate Cheque Processing

By Nithya Subramanian | 05/12/2024

MAS also launched a consultation paper proposing a roadmap to sunset corporate cheques and a transition plan for retail cheques.

ESG / Sustainability

MAS Issues Guidance for ESG Funds on Good Disclosure Practices

By Nithya Subramanian | 05/12/2024

The information paper aims to promote clear disclosures to help retail investors understand the key features and risks of ESG funds.

Enforcement

Fugitive Singaporean Tycoon Nabbed After Absconding for 19 Years

By Nithya Subramanian | 04/12/2024

The tycoon and his wife were arrested in Malaysia after allegedly embezzling over $51mn and fleeing Singapore in 2005.

ESG / Sustainability

Australia Pledges Investments under Singapore’s FAST-P Initiative

By Nithya Subramanian | 04/12/2024

The Australian government’s first investment will support clean energy and sustainable infrastructure projects across Southeast Asia.

Fintech / Regtech

DBS, EnterpriseSG, IMDA Launch Programme to Upskill SMEs on GenAI

By Nithya Subramanian | 03/12/2024

The programme offers SMEs a “structured, simplified approach” to discover use cases and practical applications of GenAI solutions for their business operations.