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AML / KYC
MAS Mandates 2FA for All Online Financial Accounts, Tightens Exemptions
By Manesh Samtani | 17/07/2025
MAS updates guidance to make two-factor authentication mandatory for all customers, shifting from a client-based to an access-based exemption model.

ESG / Sustainability
SSFA Launches Industry Guide on Applying Singapore-Asia Taxonomy
By Nithya Subramanian | 11/07/2025
The new guidance aims to strengthen transition financing across Southeast Asia by offering practical, industry-endorsed solutions.

Enforcement
MAS Bans Former Great Eastern Adviser for Forgery and Misconduct
By Nithya Subramanian | 11/07/2025
Jonathan Toh has been banned for five years by MAS after forging a client’s signature and misleading them about transferring an insurance policy.

ESG / Sustainability
MAS Sustainability Report Offers Update on Path to Net-Zero
By Nithya Subramanian | 10/07/2025
The report sets out MAS’ latest steps to align financial resilience with long-term climate and environmental goals.

ESG / Sustainability
Singapore Banks Unveil Asia’s First Nature-Climate Risk Study for Credit Portfolios
By Nithya Subramanian | 09/07/2025
The study revealed food and agriculture companies, such as plantations and millers, were more at risk to nature-related disruptions than integrated firms with diversified operations.

Fintech / Regtech
BIS Paper Offers Roadmap for Addressing Quantum Threat in Banking
By Manesh Samtani | 08/07/2025
A new BIS paper outlines a roadmap for banks and supervisors to counter quantum computing threats, urging an immediate start.

Securities / Derivatives
UK and Singapore Deepen Ties on Digital and Sustainable Finance
By Editors | 06/07/2025
Regulators to deepen collaboration on asset tokenisation and AI, while aligning on sustainable finance disclosures and capital market reforms.

Market Infrastructure
FX Global Code Gains Traction in Asia, Middle East, GFXC Says
By Editors | 05/07/2025
The GFXC reports growing adherence from emerging markets and is now shifting its focus to increasing adoption among buy-side firms.

AML / KYC
MAS Penalises Major Banks in S$3 Billion Money Laundering Probe
By Manesh Samtani | 05/07/2025
MAS has penalised nine financial institutions, including Credit Suisse and UOB, for significant AML control failures linked to a major criminal case.

Crypto / Digital Assets
ISDA, Ant International Launch New Report Under MAS’ Project Guardian
By Nithya Subramanian | 04/07/2025
The report outlines design principles, risk mitigation strategies, and real-world use cases for using tokenised bank liabilities and shared ledgers for cross-border payments and FX settlement.
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