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Monetary Authority of Singapore (MAS)
Fintech
MAS CBDC and tokenisation projects developments
Key updates on Project Orchid and Project Guardian.
December 20, 2023
Singapore news
Singapore suspends some remittance routes to China to curb frozen funds
The Singapore Police Force had received over 670 reports of remittances being frozen, with about $13 million of funds affected.
December 19, 2023
Singapore economy
Singapore economy expected to grow by 1.8% y-o-y in 4Q2023: MAS survey
Economists and analysts are expecting Singapore’s economy to grow by 1.8% in the 4Q2023.
December 13, 2023
Environmental, Social and Governance
MAS publishes code of conduct for ESG rating, data product providers
MAS first proposed the code in June. The launch of the code follows a public consultation conducted from June to August.
December 06, 2023
Environmental, Social and Governance
MAS launches coalition, two pilots to test 'transition credits' for early retirement of coal plants
The coalition’s members include Temasek, GenZero, Citi, Standard Chartered, DBS and OCBC.
December 04, 2023
Environmental, Social and Governance
Singapore announces Asia-focused blended finance initiative Fast-P with US$5 bil target fund size
To reach the US$5 billion target, MAS is reaching out to “many banks and institutional investors” to bring in commercial capital.
December 03, 2023
Environmental, Social and Governance
MAS launches Singapore-Asia Taxonomy, world's first to include 'transition' category
“Transition” refers to activities that do not meet the green thresholds now but are on a pathway or contributing to net zero.
December 03, 2023
Environmental, Social and Governance
'Plenty of room for improvement' among SGX listcos on climate transition planning
Two reports released in the previous week — one involving SGX RegCo and the other by MAS — explore this nascent but crucial area.
December 01, 2023
Singapore economy
Local banks 'resilient' in 2023, but MAS warns of deteriorating asset quality, climate transition risks
Listcos, especially those with larger absolute debt and leverage ratios, have adequately hedged against interest rate risks.
November 27, 2023
Wealth
Establishing a family office in Singapore will now take as long as 18 months: FT
The wait comes as amid stricter regulations from the Singaporean authorities.
November 20, 2023