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ESG / Sustainability
MAS, IBF Develop Skills Framework for Sustainable Finance
By Editors | 10/02/2022
Technical skills and competencies have been set out for FIs to use to upskill finance professionals and build deeper talent pools for sustainable finance.
Enforcement
Singapore Man Charged Over False Statements in Telegram Chat
By Manesh Samtani | 09/02/2022
The false statements were used to induce investors to trade listed securities. SGX has previously warned about the use of Telegram chat groups in “pump and dump” schemes.
ESG / Sustainability
How Asset Managers Are Using New Sustainability Taxonomies
By Mark Uhrynuk | 07/02/2022
Mark Uhrynuk and Alexander Burdulia discuss taxonomies that have been developed, how asset managers are already applying them, and the associated challenges.
Enforcement
MAS Imposes Capital Surcharge on DBS for November Outage
By Editors | 07/02/2022
DBS has to hold SGD 930 million in additional regulatory capital until MAS is satisfied that it has addressed all shortcomings identified by an independent reviewer.
AML / KYC
Crypto Prepares for a Regulated Future
By David Liu | 07/02/2022
As crypto goes mainstream, regulatory compliance will require robust and financial institution-grade AML and KYC processes, says David Liu.
Fintech / Regtech
Singapore Gets New Methodologies to Assess Responsible AI Use
By Editors | 06/02/2022
A new open-source software toolkit has also been published to enable financial institutions to automate the fairness metrics assessment.
AML / KYC
MAS to Introduce Equitable Loss Sharing Framework for Scams
By Manesh Samtani | 04/02/2022
OCBC’s goodwill payouts to fully cover customer losses were a one-off gesture, and they “do not set a general precedent for future cases”, MAS said.
ESG / Sustainability
MAS to Issue New Anti-Greenwashing Rules for ESG Funds
By Manesh Samtani | 31/01/2022
Greenwashing poses a “real and present danger” to industry efforts to advance sustainability considerations in their investment processes.
Fintech / Regtech
Evolving AI Risks and Regulations in Singapore and the EU
By Peiying Chua | 31/01/2022
Peiying Chua explains how financial institutions can ensure their implementation of AI does not run afoul of lawmakers and regulators.
AML / KYC
COSMIC Will Yield Significant and Far Reaching Benefits
By Jamil Ahmed | 26/01/2022
Singapore is taking a leap forward in how its financial services industry detects and combats financial crime, says Jamil Ahmed.
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