Singapore

Capital / Liquidity

Asian Investors File Claims Over Credit Suisse AT1 Writedown

By Nithya Subramanian | 14/02/2025

Asia-based claimants believe Switzerland breached its investment treaty obligations by fully writing down Credit Suisse’s AT1 bonds.

Fintech / Regtech

Singapore Unveils New Initiatives to Enhance AI Governance, Safety

By Nithya Subramanian | 13/02/2025

Initiatives include establishing technical testing best practices for GenAI applications, collaborating with Japan on LLMs, and enhancing AI safety evaluations.

AML / KYC

ABS Launches Automated Bill of Lading Verification for Banks

By Nithya Subramanian | 13/02/2025

The tool, developed through a collaboration between the ABS Trade Finance Registry and SGTraDex, will help banks better tackle trade finance fraud.

Fintech / Regtech

MAS, ABS to Form New Entity to Govern Singapore Payments System

By Nithya Subramanian | 13/02/2025

Administration and governance of Singapore’s various payment schemes will be consolidated under a new entity.

Sanctions

Singapore-Listed Firm Linked to Myanmar Junta’s Oil Supply

By Nithya Subramanian | 10/02/2025

Singapore-listed Interra Resources reportedly supplied oil worth more than $150mn to Myanmar’s military regime.

ESG / Sustainability

Taxonomies in Southeast Asia Lack Ambition – Fitch

By ESG Investor | 06/02/2025

Sustainable Fitch says limited uptake could be attributed to the high benchmarks required for activities to qualify as transitional

AML / KYC

Turkish Money Launderer Arrested in Montenegro After Singapore Deportation

By Nithya Subramanian | 06/02/2025

Vang Shuiming was arrested in Montenegro for orchestrating illegal online betting platforms targeting Chinese citizens

Crypto / Digital Assets

Monochrome Group Registers Crypto ETFs in Singapore

By Nithya Subramanian | 06/02/2025

Monochrome’s Bitcoin and Ethereum ETFs have been registered with MAS as restricted schemes, making them accessible to accredited and institutional investors.

Capital / Liquidity

Singapore Banks Well Prepared for Fully Phased-In Basel III Regime

By Manesh Samtani | 03/02/2025

Analysis from Bloomberg Intelligence shows that Singapore’s major banks face contained capital pressure under the final Basel III rules