Monetary Authority of Singapore

ESG / Sustainability

SGX RegCo Mandates ISSB Aligned Climate Disclosures by 2025

By Nithya Subramanian | 23/09/2024

All listed companies will have to report Scope 1 and 2 emissions and incorporate the ISSB’s climate-related disclosure standards.

Fintech / Regtech

Singapore Banks to Roll Out Singpass Face Verification for Scam Protection

By Nithya Subramanian | 19/09/2024

MAS said that the feature will be rolled out over the next three months to strengthen digital token security and safeguard customers from scams.

Market Infrastructure

SGX RegCo Reviews Corporate Query Regime to Reduce Frictions

By Nithya Subramanian | 19/09/2024

SGX RegCo adopts a three pillar approach to enhance the value of listed companies, but there have been calls for a more prescriptive approach.

Market Infrastructure

Singapore Considers Measures to Better Position Equity Market

By Nithya Subramanian | 17/09/2024

MAS Deputy Chairman Chee Hong Tat, who chairs a review group established in August, outlines three main areas of focus to boost the equity market.

Securities / Derivatives

SRS Funds Processing Goes Live on Singapore’s New Funds Infrastructure

By Manesh Samtani | 17/09/2024

The Fundnode platform aims to reduce settlement times for the Singapore funds industry from T+7 to T+2.

AML / KYC

Singapore: Enhanced AML Checks Are Impacting Client Onboarding

By Nithya Subramanian | 17/09/2024

Enhanced checks and controls for banks have started to delay onboarding, but they are expected to lead to a safer business environment.

Enforcement

MAS Reprimands Insurance CEO for Compliance Breaches

By Nithya Subramanian | 11/09/2024

The former CEO was aware of breaches but failed to take adequate preventive measures despite written directions from MAS.

ESG / Sustainability

BIS, NGFS Developing Enhanced Climate Risk Data Platform

By Editors | 10/09/2024

The NGFS Data Directory 2.0 aims to enhance how the financial sector accesses and utilises climate risk data.

Crypto / Digital Assets

MAS Grants In-principle Digital Assets Licence to JST Digital

By Nithya Subramanian | 09/09/2024

JST Digital was launched in New Jersey in 2018, registered with FinCEN in 2022, and is now on a path to a Singapore licence.