Fintech / Regtech

US, Singapore to Deepen Collaboration on Responsible AI Innovation

17/10/2023

The US and Singapore completed a joint mapping exercise to make their AI governance frameworks interoperable.

Securities / Derivatives

China: First Insurance AMCs Allowed to Pilot Listed ABS Products

17/10/2023

Five insurance AMCs will be allowed to pilot the issuance of ABS and REIT products and list them on the SSE and SZSE.

ESG / Sustainability

Lessons on Green Banking from Crédit Agricole CIB

16/10/2023

New paper shares practices adopted by Crédit Agricole CIB to set up its green development strategy and integrating climate and sustainability into core banking.

Enforcement

MAS Issues Prohibition Orders Against Two Former Insurance Agents

16/10/2023

The former insurance representatives submitted a claim for a leg injury despite knowing it occurred before the insurance policy application.

Securities / Derivatives

Singapore, Shanghai to Collaborate on Asset Management

16/10/2023

IMAS and the Asset Management Association of Shanghai will collaborate to advance the development of their asset management industries.

Crypto / Digital Assets

MAS Grants Major Payments Institution Licence to Upbit

16/10/2023

Upbit is South Korea’s largest crypto exchange. The group also has regulated digital asset exchanges in Indonesia and Thailand.

Crypto / Digital Assets

G20 Leaders Adopt IMF-FSB Roadmap on Crypto Assets

16/10/2023

The G20 finance ministers and central bank governors called for “swift and coordinated implementation” of the roadmap.

AML / KYC

Germany’s FIU Head Resigns Over Hidden SAR Backlog – Report

16/10/2023

The government has acknowledged that the FIU did not disclose a backlog of over 100,000 unprocessed suspicious activity reports to the FATF during its last evaluation.

Singapore Data Centre Issue Causes DBS, Citibank Disruptions

16/10/2023

The Saturday disruption was caused by an issue at an Equinix data centre that is used by multiple organisations.