132 views
Photo courtesy of Merlion444 (Wikimedia Commons).

Singapore unveils industry guidelines for sustainable private banking

The industry group sustainability taskforce has also developed a training benchmark.

The Association of Banks in Singapore (ABS) has launched the ABS Sustainable Private Banking and Wealth Management Guidelines aimed at guiding private banks to integrate sustainability in their businesses.

The guidelines, developed with technical input from the World Wide Fund for Nature Singapore, presents a baseline for sustainability practices to be integrated into private banks’ business models. It seeks to promote greater clarity and transparency amongst private bankers and their clients when it comes to sustainable investing, ABS said in a press release.

It covers private banking activities comprehensively, from wealth planning and investments to financing.

At the same time, the Private Banking Industry Group (PBIG) sustainability taskforce has also developed a common industry training benchmark for upskilling relationship managers in the area of sustainability. PBIG consulted the Institute of Banking and Finance Singapore (IBF) and the Monetary Authority of Singapore (MAS) in making the benchmark.

The PBIG Sustainability Taskforce studied the 12 IBF-MAS developed Sustainable Finance Technical  Skills and Competencies (SF TSCs) and recommended four SF TSCs to be prioritized as critical and core to private banking relationship management job roles: Sustainable Investment Management; Carbon Markets and Decarbonisation Strategies Management; Non-Financial Industry Sustainability Developments; and Climate Change Management.

Follow the link s for more news on

Pembekuan pendanaan menghantam penyedia layanan BNPL

Investor semakin sedikit mengalirkan dana ke penyedia layanan BNPL yang sudah menghadapi keuntungan margin yang tipis.

HSBC: Aliansi bank-fintech merupakan win-win

Pemberi pinjaman dapat belajar dari teknologi disruptif sambil membantu mereka mematuhi regulasi.

Tokenisasi aset perdagangan untuk menjembatani kesenjangan pembiayaan

Teknologi blockchain dapat mendesentralisasikan operasi keuangan dan mempermudah akses kredit.

BCA menjalankan komitmen terhadap keuangan berkelanjutan

Bank asal Indonesia ini mempertimbangkan aspek lingkungan dan tata kelola dalam keputusan pemberian pinjaman.

Mengapa UNOBank mendorong embedded finance tumbuh di Filipina

Bagi UNOBank, banking interface terpadu adalah strategi pertumbuhan sekaligus upaya inklusi keuangan.

OCBC mencoba mengurangi kesenjangan manfaat bagi agen properti di Singapura

Produk terbarunya menawarkan manfaat finansial di bidang perbankan, asuransi, dan perdagangan.

Upaya Malaysia menjadi anggota BRICS untuk mendorong perombakan sistem perbankan

Namun, tantangan muncul ketika menjauh dari ketergantungan pada AS dan SWIFT.

Platform pembayaran PingPong memperoleh lisensi PJP di Indonesia

PingPong mengincar ekspansi ke pasar ekspor senilai $320 miliar di negara tersebut.

Merger dan penutupan mengancam 3.800 bank di area pedesaan Cina

Sekitar 70 bank di area tersebut telah merger sejak 2023.