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ESG / Sustainability
ABS Launches Sustainability Guidelines for Private Banking
By Editors | 17/10/2022
A common industry training benchmark has also been established to help upskill private banking relationship managers in the area of sustainability.
Crypto / Digital Assets
Coinbase, Blockchain.com Win In-principle Approval in Singapore
By Editors | 12/10/2022
MAS has granted in-principle approval to Coinbase and Blockchain.com. Currently, nine firms have full licences to offer regulated crypto services in Singapore.
ESG / Sustainability
MAS Calls on Investors to Engage with Listed Companies
By Manesh Samtani | 11/10/2022
Asset managers and retail investors are encouraged to more actively engage with their investee companies and participate in setting their strategic direction.
AML / KYC
Singapore Punishes Ex-BSI Banker Over 1MDB Failings
By Sanday Chongo Kabange | 11/10/2022
BSI Singapore’s former head of private banking contributed to the bank’s failure to file STRs for 1MDB-related transactions when there were reasonable grounds to do so.
AML / KYC
Singapore Government Publishes New National CTF Strategy
By Editors | 09/10/2022
A national risk assessment found remittance agents and banks to be the most vulnerable. MAS will develop new guidance for both sectors.
ESG / Sustainability
MAS Launches ESG Impact Hub, New Advisory Panel
By Sanday Chongo Kabange | 06/10/2022
At launch, 15 ESG fintechs and organisations are already set up at the Hub – including CDP, Climate Impact X, KPMG, MUFG, and STACS.
AML / KYC
Singapore Passes Amendments to Business Trusts Act
By Editors | 05/10/2022
Unlisted business trusts will have to obtain and maintain information on the beneficial owners of units, and provide this information to authorities upon request.
ESG / Sustainability
MAS Announces Initiatives to Promote Blended Finance
By Editors | 05/10/2022
S$5mn in grants will fund innovations in blended finance. The GFANZ APAC Network will develop guidance for FIs on phasing out coal power.
Market Infrastructure
MAS Issues Guidance for Feeder ETFs Participating in Shenzhen Link
By Editors | 04/10/2022
Through the SZSE-SGX ETF Link, a Singapore-constituted feeder ETF can invest up to 100 percent of its NAV into an SZSE-listed master ETF.
Singapore Tightens Mortgage Rules to Ensure Prudent Borrowing
By Editors | 03/10/2022
Lenders will have to assume higher interest rates when assessing borrowers’ repayment ability. The LTV limit for HDB housing loans has been lowered.
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