Staff Reporter
MAS kicks off public consultation for code of conduct of ESG ratings, data products
MAS kicks off public consultation for code of conduct of ESG ratings, data products
The proposed code will establish minimum industry standards of transparency in methodologies and data sources.
SG’s PayerMax receives licence from Indonesia’s central bank
This makes Indonesia its sixth market to obtain a licence.
MAS unveils open-source toolkit for responsible AI-use in finance
It was supported by the collaborative effort of the association of 31 industry players.
MAS forms Project Guardian Industry Group with 11 FIs
The report explores the application of CPMI-IOSCO principles for financial sector infrastructures to emerging models of digital asset networks.
Asian Banking & Finance Summit returns to Singapore in September
After years of virtual conferences, this year’s event is the first to be held in person.
Alipay+ payments now accepted across 2,400 7-Eleven Malaysia stores
Users of AlipayHK, GCash, Kakao Pay, and TrueMoney can now use their mobile wallets in these stores.
Vietnam’s HDBank sets up Korea desk
It will provide Korean corporates with specialized banking products and services.
SBI Holdings now own 53.74% stake in SBI Shinsei Bank: report
Shinsei is preparing to delist and return $2.43b in public funds.
South Korean outlines new measures to improve FI's internal controls
Financial companies must clearly designated internal control responsibilities of each exec.
CIMB emphasises promise of SME assistance
CIMB has granted over RM1.0b ($210m) in financial payment SME relief assistance
Islamic Development Bank, WHO start healthcare investment platform
The Islamic Development Bank is part of the collaboration where Malaysia and Indonesia are country members.
NIM to offset China CITIC Bank elevated credit costs: Moody’s
The reopening of mainland China will drive sales of wealth management and insurance products.
OCBC Wing Hang's capitalisation, profits to offset real estate risks: Moody's
The bank’s exposure to real estate markets may affect asset quality.
MUFG buying 80.6% shares in Indonesia’s PT Mandala Multifinance Tbk for $468m
MUFG will hold 70.6% of shares whilst PT Adira Dinamika Multi Finance Tbk will hold 10%.
Rising costs weight on KB Kookmin Cards’s profitability: Moody’s
Cash flow and liquidity are weak, but credit profile will remain resilient over the next 12-18 months.
Singapore’s investment banking fees 25% lower in H1 2023
BofA Securities currently leads investment banks in terms of fees generated.
APAC regulators begin conducting climate risk stress tests: CreditSights
At least seven APAC central banks and supervisory authorities have accomplished at least one version and published the results.
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