Singapore

Reporting & Disclosures

MAS Issues Sustainability Report, New Guidelines for ESG Funds

By Darien Choong | 29/07/2022

The new guidelines will take effect from 1 January 2023, requiring fund managers in Singapore to disclose more information for any retail funds sold with ESG label.

Sustainable Finance

MAS, Google Cloud Launch New Climate FinTech Support Programme

By Editors | 27/07/2022

The Point Carbon Zero Programme under Project Greenprint aims to catalyse the growth of climate FinTech solutions in Asia over the next three years.

Trading & Investment

SGX, NYSE Agree to Collaborate on Dual Listings

By Editors | 25/07/2022

The agreement also covers the joint development of new ESG, index, and ETF products to address the growing needs of market participants and investors.

Data Privacy

PDPC Issues Data Protection Guidance for Blockchain Apps

By Editors | 22/07/2022

The guidance provides data protection recommendations for firms developing and deploying blockchain apps that process personal data.

Payments & Settlements

Five ASEAN Central Banks to Link Payment Systems

By Editors | 21/07/2022

The central banks of Indonesia, Malaysia, the Philippines, Singapore and Thailand will formally sign an agreement on payment connectivity in November.

Reporting & Disclosures

SGX RegCo Outlines Steps to Tackle Greenwashing

By Manesh Samtani | 21/07/2022

SGX is developing a digital portal known as ESGenome which will help issuers with disclosures and make ESG data more easily accessible to investors.

Payments & Settlements

Singapore Finalises Key Settings of MAS Recommended Rate

By Editors | 20/07/2022

The MAS Recommended Rate is the fallback rate that will apply to outstanding SOR-based business loans and derivatives when Fallback Rate (SOR) is discontinued after end-2024.

Cryptocurrency

MAS to Introduce More Comprehensive Rules for Crypto Sector

By Manesh Samtani | 19/07/2022

MAS will share its strategy for developing Singapore as a digital asset hub in August. New rules for crypto will be proposed in September or October.

Fraud, Scams & Cybercrime

Scam Loss Sharing Framework Will Take Longer to Develop: MAS

By Editors | 19/07/2022

Developing the new framework is taking longer than expected due to the complexity of the issues involved and the importance of ensuring the framework has the correct incentives.