Singapore

Fintech / Regtech

MAS to Enhance Generative AI Capabilities via Google Partnership

By Editors | 01/06/2023

The collaboration will enable MAS will develop its own generative AI capabilities and “inspire greater adoption” of the technology in the financial sector.

Enforcement

MAS Bans Former StanChart Adviser Following Forgery Conviction

By Editors | 31/05/2023

The former representative altered a document to falsely presenting another client as the account holder instead of the actual client.

Market Infrastructure

SGX Lists First Thai Stocks as Depository Receipts

By Manesh Samtani | 31/05/2023

The first three SDRs were issued by Phillip Securities, representing beneficial ownership interest in the underlying securities of three SET50 companies.

Enforcement

Singapore Court Order Credit Suisse to Pay Georgian Billionaire

By Editors | 29/05/2023

Credit Suisse was ordered to pay billionaire Bidzina Ivanishvili $926mn in compensation for failing to safeguard his assets from misappropriation.

Crypto / Digital Assets

Temasek Cuts Pay of Investment Team After FTX Losses

By Karen Ng | 29/05/2023

Temasek said members of its investment team took collective accountability for the investment in FTX and hence took a pay cut.

AML / KYC

MAS Issues Guidance on Mitigating Terrorism Financing Risks

By Manesh Samtani | 28/05/2023

The guidance says money remittance services, banks, DPT service providers, precious stone and metals dealers, and non-profit organisations are vulnerable to TF threats.

ESG / Sustainability

Singapore: ESG Registry Upgraded to Provide Better Data, Analytics

By Ranamita Chakraborty | 26/05/2023

ESGpedia platform updated to provide greater data coverage, enhanced solutions and analytics, and assessment tools.

ESG / Sustainability

PITCH! REGTECH: ESG Data Needs to Be More Accurate 

By Ranamita Chakraborty | 25/05/2023

Panellists at Regulation Asia’s PITCH! REGTECH conference said RegTech needs to be “creative” to help FIs manage ESG data.

Fintech / Regtech

PITCH! REGTECH: Drawing the Line Between RegTech and Frustrated Customers 

By Karen Ng | 25/05/2023

As they embark on the RegTech race, banks cannot ignore frustrated customers.