MAS 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, 2020APRA's John Lonsdale said the general quality of recovery plans amongst smaller banks was weaker than the regulator would like, and they may have fewer recovery options.
December 7, 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, 2020To encourage more active participation in the market, efforts can be made to implement tax incentives and subsidies to address the high costs of certification.
November 27, 2020In a new report, IOSCO highlights the need for further reform to address vulnerabilities in certain types of non-public money market funds.
November 22, 2020The pandemic raised questions of whether the flexibility provided in the Basel framework is actually used by FIs, for example in the case of bank capital and liquidity buffers.
November 16, 2020The move to the new Supervision Risk and Intensity Model could lead to a change in the intensity of supervision that APRA applies for some entities.
October 6, 2020SGX RegCo's chairman and CEO share lessons from the Covid-19 on building immunity, taking a proportionate response and increasing resilience.
September 4, 2020The enhancements will fortify the resilience of Singapore's banking sector and financial markets, and enable banks to continue to support the needs of businesses and individuals.
September 4, 2020The action plan seeks to promote green and sustainable financial markets, improve ESG disclosures, and establish a classification standard for the financial industry.
August 21, 2020