Singapore

AML / KYC

Singapore Officials Assure Foreign Banks of Stability – Report

By Nithya Subramanian | 22/04/2024

Senior government officials have held briefings with international banks to emphasise Singapore’s safety, reliability and trustworthiness.

ESG / Sustainability

Plugging Risk Gaps Key to Scaling Blended Finance: MAS

By Nithya Subramanian | 22/04/2024

Blended finance volumes have been flat over the past five years. Hence structuring and right-sizing risks are essential to scaling up, said Gillian Tan.

Crypto / Digital Assets

SDAX Launches Securitised Gold Tokens in Singapore

By Nithya Subramanian | 19/04/2024

The securitised tokens allow accredited investors to gain gold exposure without having to physically store the metal.

Enforcement

MAS Bans Former Prudential Representative for 8 Years

By Nithya Subramanian | 19/04/2024

The former insurance agent used client funds for personal expenses rather than to pay the client’s premiums.

ESG / Sustainability

Singapore to Raise $5b for Blended Finance Initiative: MAS

By Nithya Subramanian | 19/04/2024

MAS Managing Director Chia Der Jiun said blended finance will be a primary vehicle to de-risk climate transition projects.

ESG / Sustainability

MAS Unveils 3yr Plan to Upskill Sustainable Finance Workforce

By Nithya Subramanian | 18/04/2024

MAS is setting aside S$35mn to support upskilling and reskilling and develop specialists in sustainable finance over the next three years.

ESG / Sustainability

Singapore to Launch Emission Factors Registry for Local Use

By Nithya Subramanian | 18/04/2024

The registry’s database will be developed in phases. The initial set of data will be ready by the end of 2024.

AML / KYC

Singapore Banks Averted S$72.7m in Scam Losses in 2023: ABS

By Nithya Subramanian | 17/04/2024

The ABS has also launched a mascot design competition to encourage wider participation in the ongoing fight against scams.

Fintech / Regtech

ISDA Extends Digital Regulatory Reporting Initiative

By Editors | 17/04/2024

The initiative is being extended to cover new derivatives reporting rules in the UK, Australia and Singapore.