MAS
MAS launches COSMIC to strengthen financial system’s defence against money laundering, terrorism financing
The Monetary Authority of Singapore (MAS) has on Monday launched COSMIC, the first centralized digital platform to facilitate sharing of customer information among financial institutions (FIs) to combat money laundering (ML), terrorism financing (TF) and proliferation financing (PF) globally.
MAS publishes code of conduct for providers of ESG rating and data products
The Monetary Authority of Singapore (MAS) has on Wednesday published its finalized code of conduct for environmental, social, and governance (ESG) rating and data product providers (CoC) and an accompanying checklist for providers to self-attest their compliance to the CoC.
Singapore and China enhance digital finance and capital markets cooperation
The Monetary Authority of Singapore (MAS) has on Thursday announced new digital finance and capital markets initiatives to expand its financial cooperation with China. The initiatives are cross-border E-CNY pilot between China and Singapore, and launch of the exchange traded funds (ETF) product link between the Singapore Exchange (SGX) and Shanghai Stock…
MAS launches coalition; announces pilots to develop transition credits for early retirement of Asia’s coal plants
The Monetary Authority of Singapore (MAS) has on Tuesday announced the launch of the Transition Credits Coalition (TRACTION) and two pilot projects to test the use of high-integrity transition credits in transactions for the early retirement of coal-fired power plants (CFPPs).
ADB, GEAPP and MAS to establish $2B blended finance fund for energy transition in Asia
The Asian Development Bank (ADB), Global Energy Alliance for People and Planet (GEAPP) and the Monetary Authority of Singapore (MAS) have on Tuesday announced their intent to establish a $2 billion blended finance partnership to accelerate energy transition at scale in Asia.
ACP, IFC, MAS and Temasek establish green investments partnership in Asia
Allied Climate Partners (ACP), International Finance Corporation (IFC), the Monetary Authority of Singapore (MAS) and Temasek announced today the intent to establish a green investments partnership to address climate finance gaps and increase the bankability of green and sustainable projects in Asia, with an initial focus on Southeast Asia.
MAS launches world’s first multi-sector transition taxonomy
The Monetary Authority of Singapore (MAS) has on Monday launched the Singapore-Asia Taxonomy for Sustainable Finance (Singapore-Asia Taxonomy) – which sets out detailed thresholds and criteria for defining green and transition activities that contribute to climate change mitigation across eight focus sectors.
MAS strengthens regulatory measures for digital payment token services
The Monetary Authority of Singapore (MAS) has on Thursday published its final tranche of responses to feedback received on its proposed regulations for digital payment token (DPT) service providers in Singapore. The consulted proposals detail business conduct and consumer access measures to limit potential consumer harm.
Singapore and Indonesia launch cross border QR payments
Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) have on last Friday launched the cross-border quick response (QR) payment linkage between Indonesia and Singapore. This linkage enables customers of participating financial institutions to make seamless cross-border retail payments using their existing mobile banking applications to scan QRIS…
Malaysia and Singapore launch cross-border real-time payment systems connectivity
Malaysian central bank Bank Negara Malaysia (BNM) and Singapore central bank the Monetary Authority of Singapore (MAS) have jointly launched the real-time payment systems linkage between Malaysia’s DuitNow and Singapore’s PayNow.
