ESG / Sustainability

Singapore, Philippines to Collaborate on Carbon Credits Partnership

23/08/2024

Singapore and the Philippines will form a working group to progress their cooperation to develop high-integrity carbon markets.

Capital / Liquidity

NZ Government Releases Final Report on Banking Competition

22/08/2024

The government said it will act on all 14 recommendations in the report, including measures to speed up open banking implementation.

AML / KYC

Singapore Jails Former Healthcare Execs for Defrauding Banks

22/08/2024

Maybank, Standard Chartered, DBS, UOB, Citibank, and HSBC were defrauded of SGD 69 million through the use of forged documents.

Crypto / Digital Assets

IMF Paper Highlights Untapped Potential of Programmability

22/08/2024

The paper proposes a framework for understanding programmability in payment and settlement systems.

Singapore Adopts New Measures to Cool Property Market

21/08/2024

The Singapore government has reduced the LTV limit for HDB loans and increased housing grants for first-time home buyers.

Fintech / Regtech

Australia Introduces Policy for Responsible AI Use in Government

21/08/2024

The government will issue a standard for AI transparency statements and further guidance on additional measures over the coming months.

Big Picture

MIT Researchers Create World’s First Catalogue of AI Risks

20/08/2024

The AI Risk Repository reveals that only 10% of AI risks are detected before deployment, underlining the importance of post-launch monitoring.

Market Infrastructure

BNM Expands Qualified Resident Investor Programme

20/08/2024

The QRI programme was initially launched as a pilot initiative in April to encourage FX inflows into the domestic market.

Securities / Derivatives

Malaysia SC Calls on VC/PE Firms to List on Public Register

19/08/2024

VC/PC intermediaries that are not yet listed on the public register must contact the SC within 14 days to avoid potential deregistration.