Major shareholders at some small and medium-sized institutions are deliberately concealing their affiliate relationships and using the institutions as ‘cash machines’.
January 31, 2021The taxonomy draws on the theoretical underpinnings of the EU taxonomy and proposes a traffic-light system which sets out how activities are classified.
January 29, 2021Non-banking financial institutions will have to report details about their FX exposures monthly to ensure their FX liquidity remains adequate.
January 21, 2021Submissions in the previous consultation sought further clarification on the proposed changes, which are aimed at improving member outcomes.
January 21, 2021During the pandemic, there was a strong link between the prevalence of work-from-home arrangements and the incidence of cyber attacks, particularly at financial institutions.
January 15, 2021Newly gazetted subsidiary legislation will allow the Insurance Authority to set capital, regulatory reporting and public disclosure requirements for insurance groups.
January 6, 2021Even in a 'Severe Downside' scenario, the CET1 capital ratio of the banking system would remain well above the 4.5 percent minimum capital requirement.
December 15, 2020Guidelines due to take effect in 18 months call for increased engagement with stakeholders, stress testing and risk disclosures.
December 10, 2020MAS has extended the transition period from 12 months to 18 months, and says it will start engaging key banks on their implementation progress from Q2 2021.
December 9, 2020The roadmap makes 37 recommendations, including a 2023 deadline for financial institutions and major listed companies to report according to the TCFD framework.
December 4, 2020