Monetary Authority of Singapore

    Anti-Bribery & Corruption

    Sustainable Supply Chains and the Role Banks Play

    By Editors | 14/07/2020

    Incoming rules from the EU, UK, Singapore and Hong Kong highlight the need for banks to gain a better understanding of the third party and supply chain risks their customers face.

    Payments & Settlements

    MAS, Temasek, JPM Complete Final Phase of Project Ubin

    By Editors | 13/07/2020

    The prototype that was built can integrate with other blockchain-based platforms and be used for cheaper, faster and safer cross-border payments and to settle foreign exchange transactions.

    Anti-Money Laundering

    Singapore Authorities Probe Two Companies with Wirecard Links

    By Editors | 04/07/2020

    Citadelle Corporate Services is said to have handled Wirecard monies without a trust business licence. Senjo Group is said to have falsified accounts.

    Credit Risk

    Singapore Banks Join Forces to Reduce Commodity Lending Risk

    By Editors | 02/07/2020

    Some 20 banks in Singapore have set up a working group to propose new guidelines to improve lending practices and transparency for the commodity sector.

    Structural Regulation

    Wave of Fund Managers Looking to Set Up Singapore VCCs

    By Editors | 01/07/2020

    Up to 70 VCCs have already been launched in Singapore, many by small and boutique funds or local family offices. But a much larger wave of companies is on its way.

    Fraud, Scams & Cybercrime

    UPDATED – Wirecard Fraud: A Timeline of Events

    By Editors | 30/06/2020

    Wirecard has filed for insolvency amid multiple probes. BaFin faces scrutiny for mishandling clear red flags. EY faces lawsuits for failing to catch the improprieties earlier.

    Climate Risk

    A Detailed Look at MAS’ Environmental Risk Management Guidelines

    By Grace Chong | 29/06/2020

    Grace Chong at global law firm Simmons & Simmons JWS analyses the key points of MAS’ proposed Guidelines on Environmental Risk Management, and sets out the key practical steps to be taken.

    Climate Risk

    MAS Consults on Environmental Risk Management Guidelines for FIs

    By Manesh Samtani | 25/06/2020

    The guidelines set out MAS’ supervisory expectations for banks, insurers and asset managers in their governance, risk management, and disclosure of environmental risk.

    Sustainable Finance

    MAS Seeks Cooperation with China on Green Finance

    By Editors | 23/06/2020

    MAS managing director Ravi Menon suggests that China and Singapore work together to create frameworks for green and sustainability-linked loans, customised for Chinese and Singaporean SMEs.

    Structural Regulation

    MAS: 14 of 21 Digital Bank Applicants Assessed as ‘Eligible’

    By Editors | 18/06/2020

    These applicants assessed as eligible will progress to the next stage of assessment, where they will be invited to present their proposals via virtual meetings.

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