Taxonomy seeks to provide financial institutions with guidance on how to identify and classify activities that can be considered green or transitioning towards green.
The United Kingdom (UK) and Singapore held the 7th UK-Singapore Financial Dialogue in Singapore today. Both countries renewed their commitment to deepening the UK-Singapore Financial Partnership that was agreed in 2021, discussed mutual priorities such as sustainable finance, FinTech and innovation, and agreed on further cooperation in these areas.
Mr Leong Sing Chiong, MAS’ Deputy Managing Director, spoke of insurers as important partners in helping governments and businesses manage physical and transition risks, and the important role that the insurance industry can play in empowering the development of the green economy in Asia.
At the Singapore FinTech Festival 2022, Mr Lawrence Wong, Deputy Prime Minister and Minister for Finance, and Deputy Chairman, MAS spoke about the 5 Es of technology and how their totality enables Singapore to harness the full potential of technology for the financial industry.
At the inaugural Transition Finance towards Net Zero Conference, Mr Ravi Menon, Managing Director, MAS, spoke about the three key dimensions of the Conference - Transition, Asia, Collaboration - and Singapore's efforts to promote transition and blended finance.
MAS, together with knowledge partners McKinsey & Company and Convergence Blended Finance, and supported by the Glasgow Financial Alliance for Net Zero (GFANZ), hosted the inaugural Transition Finance Towards Net Zero (TFNZ) Conference. The conference provides a platform to galvanise key public and private sector stakeholders to mobilise capital at scale to help economies and corporates decarbonise.