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.
July 3, 2020The framework and taxonomy will help DBS clients transition to more sustainable business models, providing them transition financing to do so.
July 1, 2020Up 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.
July 1, 2020Increasingly, leaders along all Three Lines of Defence are being held personally accountable for misconduct that takes place on their watch, says Stephen Scott at Starling.
July 1, 2020The ABS and SC-STS say "significant progress" has been made in key technical work to support Singapore's transition from SOR to SORA.
June 29, 2020An overseas distribution company was defrauded of more than $646,000 for the purchase of N95 masks and personal protection gowns from a supposed supplier in Singapore.
June 1, 2020With the first interest rate swap transaction referencing the new Singapore Overnight Rate Average, the island state hopes to stay ahead of regional peers.
June 1, 2020Pierre Latrobe at Mazars discusses recent HKMA initiatives taken in response to Covid-19 and their implications for Hong Kong banks, highlighting credit risk as a growing threat.
May 13, 2020A former Barclays was deceived the bank into paying $10mn from client accounts to settle his personal debts. A further $10mn in Barclays losses came from unauthorised trading.
May 9, 2020DBS has priced the first floating-rate notes referencing SORA, identified last August as Singapore's alternative interest rate benchmark to SOR.
May 7, 2020