Singapore

MAS Proposes Stronger Safeguards for Prospecting, Marketing

By Editors | 25/04/2023

FIs that regularly conduct marketing and distribution activities would have to identify senior managers to exert oversight over these activities.

MAS Launches Polytechnic Talent for Finance Scheme

By Editors | 25/04/2023

FIs can tap the scheme to defray the cost of offering internships, apprenticeships and academic sponsorships to polytechnic graduates and students.

Enforcement

19 Year Old Pleads Guilty for Involvement in OCBC Phishing Scams

By Editors | 24/04/2023

The youth is the sixth individual to be convicted among those accused of being involved in phishing scams.

ESG / Sustainability

Singapore, China Deepen Collaboration on Green Finance

By Editors | 24/04/2023

MAS-PBOC green finance taskforce will work on taxonomy interoperability, the sustainability bond market, and digital green bonds.

Enforcement

Singapore Jails Stock Trader for False Trading Offences

By Editors | 23/04/2023

The trader used 14 trading accounts to create a false appearance of active trading in the market for shares in KTL Global.

Securities / Derivatives

Singapore to Revert to Physical General Meetings in July

By Editors | 23/04/2023

Listed companies will have to hold general meetings at a physical space in Singapore, but they may also use virtual meeting technology to allow remote participation.

Fintech / Regtech

DBS Formed a Special Committee to Oversee Probe into March Outage

By Editors | 22/04/2023

Senior minister said the November 2021 and March 2023 incidents at DBS appear unrelated, but that the bank’s new special committee will determine if there are “common underlying weaknesses”.

ESG / Sustainability

MAS Launches Finance for Net Zero Action Plan

By Sanday Chongo Kabange | 21/04/2023

The action plan includes a code of conduct for ESG ratings and data providers, grant schemes for transition bonds and loans, and ISSB-aligned disclosures.

ESG / Sustainability

ISCA Issues New SME Guidance on Climate Risk, Green Finance

By Editors | 21/04/2023

ISCA calls on companies to get started on pilot testing their scenario analysis capabilities and offers guidance on accessing green finance.