THE Asean Financial Innovation Network or AFIN is launching a new digital currency sandbox so that banks and fintechs can experiment with central bank digital currency applications, or CBDCs, and drive global adoption.
UOB has priced S$600 million of perpetual capital securities at a fixed coupon rate of 2.55 per cent per annum, the lowest for benchmark perpetual securities for banks in Singapore, said the bank in its announcement on Wednesday morning.
A FORMER regulator-turned-consultant said that financial institutions should better define "proper conduct", by weeding out toxic sub-cultures and drawing clear paths for staff to call out wrongdoing.
BOND issuers in the Asia-Pacific can opt to showcase their green, social and sustainability (GSS) bonds to global investors, under a partnership between the Singapore Exchange and Nasdaq.
BANK of Singapore (BOS), Endowus and Citi on Tuesday announced several new hires related to wealth planning, advisory and a new business line, across various regions. Here is a round-up of the new appointments:
A FORMER regulator turned consultant said financial institutions should better define "proper conduct", by weeding out toxic sub-cultures and drawing clear paths for staff to call out wrongdoing.
THE Monetary Authority of Singapore (MAS) on Tuesday rapped major insurers for failing to meet standards that set out how supervisors should have been paid as part of sales of investment products and life policies.
THERE is an expected rise in sustainable multi-family real estate asset investment in markets such as Thailand and South-east Asia, said property player Asia Capital Real Estate (Acre), as it taps green financing to support this emerging segment.
CITI on Monday confirmed that it is closing its Citibusiness unit, which serves small businesses under its consumer banking franchise in Singapore, from mid-August.
