Singapore

    Sustainable Finance

    ESG Investing Seen As Key Growth Driver for Singapore Fund Managers

    By Manesh Samtani | 13/01/2021

    86% of Singapore fund managers highlighted ESG investing as a key growth driver, up from 68% in the previous year, according to survey findings from IMAS.

    Structural Regulation

    SGX RegCo Chief Outlines Work Programme for H1 2021

    By Manesh Samtani | 13/01/2021

    SGX RegCo chief Boon Gin Tan outlined timelines for enhancements to its enforcement framework, sustainability reporting rules, and retail bonds framework, among other initiatives.

    Structural Regulation

    SGX RegCo Raises Audit, Valuation Standards for Listed Firms

    By Manesh Samtani | 12/01/2021

    Primary-listed issuers must appoint an ACRA-registered auditor, and only use property valuers that meet certain qualification criteria.

    Anti-Money Laundering

    Singapore Money Remittance Sector Poses High TF Risk: MAS

    By Manesh Samtani | 11/01/2021

    Singapore’s money remittance sector poses the highest risk of being exploited for terrorism financing, followed by the banking sector.

    Capital Adequacy

    UOB Prices Singapore’s First Capital Security with SORA Reference

    By Editors | 10/01/2021

    UOB priced its perpetual, non-call five-year AT1 securities with a reset coupon rate that references the SORA-OIS rate.

    AI Risk & Governance

    MAS Announces Completion of Phase One of Veritas Initiative

    By Editors | 06/01/2021

    The first phase of Veritas resulted in the development of a fairness assessment methodology based on the FEAT principles for two use cases.

    Fraud, Scams & Cybercrime

    Singapore Police Commend Citi, RHB Bank for Foiling Scam

    By Editors | 29/12/2020

    Upon being alerted to a suspected case of money laundering by Citi, the Police’s Anti-Scam Centre froze the funds and recovered $1.9mn.

    Sustainable Finance

    To 2021 And Beyond – A Regulator’s Perspective

    By Boon Gin Tan | 23/12/2020

    SGX RegCo chief Boon Gin Tan says sustainability is now a new fiduciary responsibility, and expectations in this area have never been higher.

    Cloud & Infrastructure

    MAS Consults on Proposed Notices for Outsourced Services

    By Manesh Samtani | 21/12/2020

    Banks’ outsourcing agreements must include terms that grant MAS the right to audit the outsourced arrangement and obtain information from the service provider.

    Operational Risk

    MAS Consults on Operational Risk Capital, Leverage Ratio Requirements

    By Editors | 17/12/2020

    MAS intends to implement the revised standards for operational risk capital and leverage ratio requirements from 1 January 2023.

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