Financial institutions

MAS launches AI risk toolkit for financial institutions with case studies from DBS, peers

Singapore’s central bank will also set up an artificial intelligence risk management workgroup

The policies and rules that govern finance affect how capital moves, what risks are taken and which priorities are funded.
THE BROAD VIEW

Fortifying the role of finance after Indonesia’s floods

When well governed, it can absorb shocks, speed reconstruction and strengthen resilience

The central bank says the new guidelines aim to support financial institutions in building “effective risk assessment and risk management capabilities for better resilience against climate-related risks”.

MAS expands environmental risk management guidelines for financial institutions

They will take effect from September 2027, and comprise specific suggestions for banks, insurers and asset managers

MAS will consult on a new set of AI risk-management supervisory guidelines later this year, says the central bank's deputy chairman, Minister for National Development Chee Hong Tat.

Launch of knowledge hub aims to beef up AI use among financial institutions: Chee Hong Tat

The repository is part of the Pathfin.ai programme, first announced in July

On Sep 25, MAS sent advisory letters – which do not carry penalties – to five content creators who may have provided financial advice without a licence.

Influencers agree the ‘not financial advice’ disclaimer is insufficient, as MAS issues warnings to five content creators

But they say MAS guidelines will make them more careful about the clients they choose to work with

MAS' guidelines set out safeguards to address conduct risks in digital advertising, particularly on social media.

MAS rolls out digital ad guidelines for financial institutions, checklist for content creators

It also issues advisory letters to five content creators who may have provided financial advice without a licence

UBS said that although the Net-Zero Banking Alliance had provided valuable frameworks for initial target-setting, the bank has advanced its own capabilities and decided to leave.

UBS joins exodus from climate banking alliance

Departure from Net-Zero Banking Alliance raises questions about the group’s future

F88 plans to list on Vietnam's main bourse Ho Chi Minh Stock Exchange by 2027 with a valuation of US$1 billion

Vietnam’s F88 pawnshop chain sees shares hit ceiling in market debut

It aims to list on the country’s main stock exchange with a valuation of US$1 billion by 2027

Francois Pictet says: “Why would you make an acquisition unless you want to show growth to your shareholders? In finance, growth by hiring the right people is more effective.”

Ninth-generation Pictet leader banks on organic growth and partnerships

Carrying the family name is a privilege, but it brings its fair share of pressure too, says managing partner Francois Pictet

Bank technology partners including Visa and Mastercard are stepping up to meet demand by offering platforms to help financial institutions mint US dollar-pegged tokens.

Citigroup looks to issue its own stablecoin to smooth payments

JPMorgan Chase announced plans earlier this year to pilot its own deposit token, JPMD, using Coinbase Global-affiliated public blockchain Base