Financial institutions
Singapore banks getting better at spotting dirty money, but penalties still lack bite, says global watchdog
FATF recognises role of Republic’s strong public-private cooperation and information collaboration in curbing money laundering
iFast Q1 profit up 49.4% to S$28 million
Revenue is up 49% to S$136.8 million; its wealth management and Hong Kong ePension businesses are more profitable
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
Fortifying the role of finance after Indonesia’s floods
When well governed, it can absorb shocks, speed reconstruction and strengthen resilience
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
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
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 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 joins exodus from climate banking alliance
Departure from Net-Zero Banking Alliance raises questions about the group’s future
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
