Singapore

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    Climate Risk

    NGFS to Develop Transition Planning Standards for Supervisors

    By Ranamita Chakraborty | 02/06/2023

    MAS head Ravi Menon, who chairs the NGFS, said guidance on transition planning will be produced to help supervisors set expectations for FIs.

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    PEPs & Sanctions

    MAS Introduces Reporting Obligations for Exempted Payments Firms

    By Manesh Samtani | 01/06/2023

    Crypto firms still under a PSA exemption have to report the total number of “higher risk customers” they serve, such as PEPs and their close associates.

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    AI Risk & Governance

    Leading Regtech Firms Announced as Winners at Pitch! Regtech

    By Editors | 01/06/2023

    Judges selected Aboitiz Data Innovation, HAWK:AI, Synpulse, and Rimm Sustainability as the winners at Regulation Asia’s inaugural Pitch! Regtech event.

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    Reporting & Disclosures

    Singapore to Consult Again on Green Taxonomy – Report

    By Editors | 01/06/2023

    MAS plans to issue a new consultation in the coming weeks to include additional criteria on coal phase-out in the taxonomy.

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    AI Risk & Governance

    MAS to Enhance Generative AI Capabilities via Google Partnership

    By Editors | 01/06/2023

    The collaboration will enable MAS will develop its own generative AI capabilities and “inspire greater adoption” of the technology in the financial sector.

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    Fraud, Scams & Cybercrime

    MAS Bans Former StanChart Adviser Following Forgery Conviction

    By Editors | 31/05/2023

    The former representative altered a document to falsely presenting another client as the account holder instead of the actual client.

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    Trading & Investment

    SGX Lists First Thai Stocks as Depository Receipts

    By Manesh Samtani | 31/05/2023

    The first three SDRs were issued by Phillip Securities, representing beneficial ownership interest in the underlying securities of three SET50 companies.

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    Fraud, Scams & Cybercrime

    Singapore Court Order Credit Suisse to Pay Georgian Billionaire

    By Editors | 29/05/2023

    Credit Suisse was ordered to pay billionaire Bidzina Ivanishvili $926mn in compensation for failing to safeguard his assets from misappropriation.

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    Conduct, Culture & Accountability

    Temasek Cuts Pay of Investment Team After FTX Losses

    By Karen Ng | 29/05/2023

    Temasek said members of its investment team took collective accountability for the investment in FTX and hence took a pay cut.

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    Credit Risk

    Cambodia’s Sathapana Bank Signs Up For AI Platform

    By Karen Ng | 29/05/2023

    Artificial intelligence is being used by banks to assess the credit risk of borrowers.

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