Singapore
The Green Finance Industry Taskforce (GFIT), convened by the Monetary Authority of Singapore (MAS) establishes and proposes taxonomy for Singapore-based financial institutions by identifying activities that can be considered green or transitioning towards green.
ASEAN
Developing an ASEAN Taxonomy for Sustainable Finance with our regional counterparts for the banking, insurance and capital markets sectors.
International
Working with the International Platform on Sustainable Finance (IPSF) to develop a Common Ground Taxonomy that aims to enhance the comparability and interoperability of taxonomies globally .
International
Participating in the G20 Sustainable Finance Working Group (SFWG) to improve coordination on taxonomies across countries and markets.
At the IMAS-Bloomberg Investment Conference, Mr Ravi Menon, Managing Director, MAS, highlighted three key uncertainties that will drive financial market returns and risks: inflation, geo-economic fragmentation, and climate change.
The Green Finance Industry Taskforce (GFIT), convened by the Monetary Authority of Singapore (MAS), today launched its final public consultation on a green and transition taxonomy for Singapore-based financial institutions.
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.
