Singapore

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.

AML / KYC

OCBC Files Suit Against Money Laundering Suspect – Report

By Editors | 04/12/2023

The suspect was among the ten Chinese-born individuals arrested in August for offences including money laundering and forgery.

ESG / Sustainability

MAS Finalises Sustainable Finance Taxonomy After Four Consultations

By Manesh Samtani | 04/12/2023

The Singapore-Asia Taxonomy now provides a framework to phase-out coal-fired power plants, which MAS says is critical in APAC.

Market Infrastructure

SGX Announces First Listings Under Shanghai ETF Link

By Manesh Samtani | 03/12/2023

ETF listed on SGX will give investors exposure to high dividend paying Shanghai stocks. ETF listed on SSE will track Indian and Southeast Asian tech companies.

AML / KYC

MAS Spotlights Interest Rate and Money Laundering Risks

By Editors | 29/11/2023

The latest Financial Stability Review discusses the impact of rising global interest rates on households and increased concerns over money laundering.

Securities / Derivatives

SET, SGX to Add More Stocks to Depositary Receipts Linkage

By Editors | 28/11/2023

The first three Thai stocks listed depositary receipts on SGX in May. One SGX stock, Singapore Airlines, has so far listed DRs in Thailand.

AML / KYC

Singapore Banks to Roll Out “Money-locking” Anti-Scam Measure

By Editors | 28/11/2023

‘Locked up’ funds will remain safe, even if the customer’s mobile devices or bank account login credentials fall into the wrong hands.

Securities / Derivatives

Low AUM, High Risk-based Capital Rules to Disrupt Funds Industry

By Nithya Subramanian | 28/11/2023

As MAS plans to repeal the RFMC regime, players said that consolidation and dropouts are expected to impact the industry.

ESG / Sustainability

Singapore-listed Firms Progress in Sustainability Reporting, Some Gaps Revealed

By Ranamita Chakraborty | 24/11/2023

Sustainability reporting and climate disclosures are tools for tracking a company’s long-term growth, noted Singapore’s DPM at the SGX Sustainability Reporting Review 2023 launch.