Singapore

ESG / Sustainability

IMAS Launches ESG E-Learning Module for Asset Managers

By Editors | 27/04/2021

The module covers the EnRM Guidelines issued by MAS in December, supplemented with case studies to facilitate application by the industry.

Fintech / Regtech

DBS Goes Live on Trade Finance Network Contour

By Editors | 27/04/2021

Digital LC capabilities will be offered in Australia, China, Hong Kong and Singapore via Contour from this month.

Fintech / Regtech

MAS Calls on Governments to Advance Digital Infrastructure

By Sanday Chongo Kabange | 27/04/2021

MAS will seek to build a consortium of countries to explore the potential of digital infrastructure for cross-border use.

ESG / Sustainability

Environmental Disclosure a Focal Point for Singapore FIs: Study

By Editors | 26/04/2021

Financial institutions in Singapore place significant importance on ESG performance, with a heavy focus on climate considerations.

Enforcement

SG Police Lay More Charges in Nickel Trading Fraud Case

By Editors | 26/04/2021

Ng Yu Zhi allegedly cheated five individuals into paying around S$8.8mn for nonexistent forward contracts purported to be for the sale of nickel to a metals trader.

Securities / Derivatives

SGX Launches New FFA, Futures For Managing Freight Risk

By Editors | 21/04/2021

The new contracts offer participants more precise hedging tools as a recovery drives demand for iron ore and minor bulks, SGX said.

Market Infrastructure

StanChart Commits to Cutting Emissions in Shipping Portfolio

By Manesh Samtani | 21/04/2021

Standard Chartered has joined 25 other signatories to the Poseidon Principles, a global framework that targets carbon emission cuts in the shipping industry.

Securities / Derivatives

Deutsche to Move Pricing Engine for EM Currencies to Singapore

By Ranamita Chakraborty | 20/04/2021

The move is in part aimed at increasing algorithm capacity for trading Chinese yuan, the most heavily traded emerging market currency.

AML / KYC

SG Police Probe 31 Individuals for China Official Impersonation Scams

By Ranamita Chakraborty | 19/04/2021

Victims were instructed to surrender money for fake investigations after being told their bank accounts were involved in money laundering activities.