Monetary Authority of Singapore

ESG / Sustainability

GFANZ Launches APAC Network to Accelerate Move to Net Zero

By Editors | 08/06/2022

GFANZ has opened a new regional headquarters in Singapore, with support from SGX, Temasek and MAS.

Market Infrastructure

MAS Finalises Revisions to BCM Guidelines for FIs

By Manesh Samtani | 07/06/2022

FIs have until 6 June 2023 to meet the requirements of the revised guidelines, and until 6 June 2024 to conduct their first BCM audit.

Fintech / Regtech

Ant Group Launches Digital Bank Operations in Singapore

By Manesh Samtani | 06/06/2022

ANEXT Bank, wholly owned by Ant Group, will aim to provide digital financial services to MSMEs, particularly those with cross-border operations.

Fintech / Regtech

Green Link Digital Bank Launches Operations in Singapore

By Editors | 03/06/2022

Green Link Digital Bank, owned by Greenland Group and Linklogis, will seek to address the needs of underserved MSMEs.

AML / KYC

Singapore Banks to Adopt More Scam Prevention Measures

By Darien Choong | 02/06/2022

The measures include an emergency self-service ‘kill switch’, enhancements to fraud surveillance systems, and additional customer confirmations.

ESG / Sustainability

NGFS Work Programme Moves from ‘Awareness to Action’

By Sanday Chongo Kabange | 02/06/2022

Chair Ravi Menon described the next phase of the NGFS’ work as a “move from awareness to action”.

Crypto / Digital Assets

UnionBank Issues Philippines’ First DLT-based Digital Bond

By Editors | 02/06/2022

The issuance follows a POC project to optimise bond issuance workflows between STACS and PDTC, the Philippines’ national CSD for debt and equities.

ESG / Sustainability

MAS Issues New Guidance on Environmental Risk Management

By Sanday Chongo Kabange | 02/06/2022

Banks, insurers and asset managers are directed to use the guidance to bolster their resilience to environmental risk and set tangible targets for action.

Fintech / Regtech

MAS to Study Use Cases of Asset Tokenisation, DeFi Protocols

By Editors | 31/05/2022

The first pilot, led by DBS, JP Morgan and Marketnode, will explore potential DeFi applications in wholesale funding markets and help inform regulatory policy.