Monetary Authority of Singapore (MAS)

Zest

MAS to dangle sweetener for family offices; banks urged to give better returns on deposits

“We need to make it easy for customers to shift their money into high-yielding assets... A year ago I was a little concerned.”
MAS launches public consultations on coal phase-out, voluntary code of conduct for ESG rating agencies - THE EDGE SINGAPORE

Sustainability

MAS launches public consultations on coal phase-out, voluntary code of conduct for ESG rating agencies

MAS will incorporate feedback in the Singapore-Asia taxonomy that will be launched later this year.

Zest

MAS proposes to increase deposit insurance coverage to $100,000

The central bank’s proposals are not in response to the stresses faced by some banks abroad earlier in the year.
MAS and SGX partners CDSC to strengthen global access to climate transition-related data - THE EDGE SINGAPORE

Deals, joint ventures & alliances

MAS and SGX partner CDSC to strengthen global access to climate transition-related data

Work on the collaboration will commence in the first quarter of 2024.

Singapore economy

Inflation to ease further into 2023 after momentum slows in May but MAS easing still not expected in Oct: Analysts

Singapore’s core inflation slowed to 4.7% in May, an increase of just 0.1% m-o-m, down from 5.0% in April.

Digital Economy

MAS launches digital asset ecosystem report; expands Project Guardian with 11 partners

The Project Guardian Industry Group consists of 11 financial institutions which will lead industry pilots in three main areas.
MAS to recognise single-family offices' contributions to charity, blended finance, climate solutions: Tharman - THE EDGE SINGAPORE

Zest

MAS to recognise single-family offices' contributions to charity, blended finance, climate solutions: Tharman

“We need higher levels of investment over a long period of time to solve the world’s largest challenges.”

Global Economy

Briefs: MAS penalises Citi, DBS and OCBC for breaches of anti-money laundering requirements; Grab cuts 1,000 jobs

Quoteworthy: "That’s what the great embarrassment for dictators — when they didn’t know what happened." - US's Joe Biden.
UNDP, GLEIF and MAS to help MSME develop digital ESG credentials  - THE EDGE SINGAPORE

Sustainability

UNDP, GLEIF and MAS to help MSME develop digital ESG credentials

UN, MAS to help MSMEs develop digital ESG credentials

Zest

MAS penalises Citibank, DBS and OCBC for breaches of anti-money laundering requirements

Breaches were identified during MAS’ investigation of the alleged involvement of Singapore-based entities in the Wirecard scandal.
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