Singapore
Secret Sauce for the Banking Industry
Secret Sauce for the Banking Industry
According to Singapore’s largest bank DBS, the volume of cash deposits and withdrawals fell by an unprecedented 11% in the first 3 months of 2020, a 6% fall from where the figure had been since 2017. Coupled with extraordinary growth in the adoption of e-payments, it’s safe to say that COVID-19 has altered consumer behaviour—and fast.
KPMG's head of financial services on executing strategies and leveraging technology in the digital economyÂ
Antony Ruddenklau believes that the financial services industry is at the foothills of change, and is about to undergo a significant transformation.
Bank of Singapore factors in ESG in loan quantum assessment
Those secured by a mutual fund with an ESG rating of AAA or AA will have their advance ratio increased by 5 ppt.
MAS, France complete wholesale cross-border payment experiment using CBDC
It simulated cross-border transactions involving multiple CBDCs on a common network.
J.P. Morgan boss predicts banks’ trading slump gone after pandemic: report
But shareholders may not share the same optimism once they see investment banks’ Q2 results.
Citi names Varun Matta as TMT investment banking head for ASEAN
Matta will be a managing director and will also cover some sponsor clients for the region.
Moving forward: Deloitte’s Financial Services Leader on strengthening the financial industry during and after the pandemic
To move forward, the financial services industry should aspire to a "higher bottom line", says Kok Yong.
Citi appoints 5 Singaporeans to senior positions across APAC
This includes the new head of Integrated Corporate Bank for its Taiwan business.
Southeast Asia’s neobank market to grow 50% in 2021
Funding and winding down of the pandemic’s impact on the economy will push this market.
Weekly Global News Wrap: Citi to lift junior bankers' base salaries; StanChart begins banking services in Saudi branch
And JPMorgan acquires ESG investing platform OpenInvest.
Singapore extends ESG loan facility to banks, FIs
Since being launched in April 2020 it has disbursed S$13.3b to FIs in support.
MAS to follow up on Binance's Singapore unit amidst scrutiny
Binance Asia Services has a grace period during which it can operate in the country.
Singapore wealth platform Endowus gets backing from UBS, others
It will use the funds to expand in the country and in Hong Kong.
Strengthening business resilience through EPM
In today’s turbulent economy, the ability to make quick and sound decisions can make or break an organisation.
MUFG Bank appoints new head of project finance for Asia
David Uy first joined MUFG in 2018.
Weekly Global News Wrap: US Fed stress test clears banks for stock buybacks; EU leaders promise to complete banking union someday
And banking jobs in Frankfurt are falling despite boost from Brexit.
Singapore investment banking fees up 9.3% in H1 2021
Overall announced M&A activity set the record for the highest semiannual period value-wise.
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Commentary
Asia plays part in $129t global credit market pool
How alternative data lending is reaching Southeast Asia's unscored MSMEs
Asia is leading payments modernisation and banks can't afford to fall behind