Monetary Authority of Singapore

Capital Adequacy

MAS Streamlines Product Approval Process for Life Insurers

By Nithya Subramanian | 22/11/2024

Revised notices ease the approval process, requiring life insurers to seek prior approval only for products with features entirely new to the industry.

Resolution & Recovery

MAS Issues Response on Enhancing Deposit Insurance Scheme

By Nithya Subramanian | 20/11/2024

MAS released a second set of responses to proposals aimed at improving the operational efficiency of the deposit insurance scheme.

Sustainable Finance

EU-China CGT Expanded to Include Singapore-Asia Taxonomy

By Nithya Subramanian | 15/11/2024

The Multi-Jurisdiction Common Ground Taxonomy establishes a comparative framework of the sustainable finance taxonomies of China, the EU and Singapore.

AI Risk & Governance

APAC Regulatory Environment for GenAI Needs to Remain Flexible

By Eugene Goyne | 15/11/2024

As the use cases for GenAI in the financial sector grow, regulators will play a critical role in how GenAI applications are shaped and brought to market.

Sustainable Finance

MAS Releases Interim Report from Transition Credits Coalition

By Nithya Subramanian | 15/11/2024

The report describes the issues involved in developing and applying transition credits, and sets out a framework to scale these credits for coal phaseouts.

Sustainable Finance

MAS and Industry Partner to Launch Online Philanthropy Platform

By Nithya Subramanian | 15/11/2024

The online platform will provide tools and resources to enable finance professionals to enhance their philanthropy advisory services.

Sustainable Finance

COP29 Countries Approve Global Carbon Market Framework

By Mark Johnston | 15/11/2024

Countries at COP29 have endorsed a global carbon market framework which forms the basis for operationalising Article 6.4 of the Paris Agreement.

Sustainable Finance

Singapore Pledges $500m in Concessional Funding for Climate Action

By Nithya Subramanian | 13/11/2024

The government will match every dollar, up to $500mn, of concessional capital committed by other partners involved in the FAST-P initiative.

Sustainable Finance

MAS Unveils New Green Finance and Market Initiatives with China

By Nithya Subramanian | 12/11/2024

The initiatives aim to expand cross-border green financing flows, enhance bond market connectivity, and deepen collaboration on index and ETF products.