Financial Services

SC-STS welcomes LCH’s clearing extension for OTC SORA derivatives

The central clearing was extended from 21 years to 31 years.

SC-STS welcomes LCH’s clearing extension for OTC SORA derivatives

The central clearing was extended from 21 years to 31 years.

MAS unveils AI tool to help financial institutions curb greenwashing

The AI utility is part of the National Artificial Intelligence Programme in Finance.

MAS conducts cyber crisis management exercise with French central bank

The exercise evaluated the effectiveness of cyber crisis coordination.

Singapore’s $35b green bond sale lifts sustainable financing capabilities

The taxonomy initiative will reduce the cases of greenwashing.

2 new DWBs offer ‘incremental income’ to SGX-listed Credit Bureau

Digital wholesale banking businesses raise the count of bureau members to 36.

Chart of the day: Singaporeans to spend more on travel in the next 12 months

Most Singaporeans want to fly abroad more than just go somewhere local.

Gov't establishes framework to push for high quality green bonds

A committee will oversee the Singapore Green Bond Framework.

OCBC US$750m Tier 2 notes priced at 4.602%

Proceeds will be used for general corporate purposes.

Yangzijiang Financial Holding puts up $200m share buy-back programme

It will increase shareholders’ value and improve return on equity.

SG-based Capital C Corporation bags $74min fresh funds

The firm was founded by brothers Jeames Cheow and JJohn Cheow in 2011.

'Sandwich gen' has knowledge gaps in intergenerational wealth transfer

They also do not have enough knowledge of succession planning.

Temasek launches investment firm to quicken global decarbonisation

GenZero will focus on decarbonisation solutions to deploy long-term capital.

Chart of the day: About 6 in 10 investors are unsatisfied with their wealth firms

Singapore ranks seventh in overall investor satisfaction amongst eight Asian markets.

OCBC Bank priced $500m perpetual capital securities

It is under its US$30b global medium-term note program.

HSBC names new Singapore head of business banking

Alan Ng will head HSBC’s division supporting small and medium-sized businesses.