SINGAPORE

ESG / Sustainability

MAS Finalises Code of Conduct for ESG Rating & Data Providers

By Ranamita Chakraborty | 07/12/2023

The regulator expects providers to regularly review their methodologies and data sources for better transparency.

AML / KYC

MAS Consults on Scope of Customers Relevant to COSMIC

By Manesh Samtani | 07/12/2023

Any person who requests the bank in Singapore to carry out a transaction would be in scope, whether or not an account has been opened or the transaction is carried out.

ESG / Sustainability

MAS Establishes Energy Transition Acceleration Finance Partnership

By Editors | 06/12/2023

The new ‘energy transition acceleration finance partnership’ will help to mobilise capital to finance energy transition projects in Asia.

Fintech / Regtech

Singapore Launches New National AI Strategy

By Editors | 06/12/2023

Singapore will collaborate with industry AI product development teams, create focused AI training programmes, and accept AI talent from around the world.

Securities / Derivatives

SGX Sets Out Listing Requirements for Active ETFs

By Sanday Chongo Kabange | 06/12/2023

Active ETF managers must publish indicative NAV throughout the trading day, disclose NAV daily, and publish fund performance and portfolio holdings monthly.

ESG / Sustainability

Singapore Unveils Asia-focused Blended Finance Initiative

By Editors | 05/12/2023

The blended finance platform will bring together concessional as well as commercial capital to invest in green and transition projects.

Capital / Liquidity

Singapore Banks Cite Market, Operational Risks as Basel III Challenges

By Nithya Subramanian | 05/12/2023

With MAS implementing the last phase of Basel III requirements from July 2024, local banks have installed strong controls and programmes to ensure compliance.

Capital / Liquidity

MAS Proposes Revisions to Capital Framework for AEs & ACHs

By Editors | 05/12/2023

The current capital framework for Approved Exchanges and Approved Clearing Houses may not adequately address liquidity risks, MAS said.

ESG / Sustainability

MAS Launches Coalition to Test Carbon Credits for Coal Phase-Out

By Editors | 04/12/2023

Two pilot projects will be undertaken to test the use of transition credits to help finance the early retirement of coal-fired plants.