Banks Expected to Take Appropriate Measures on Firms Linked to Haze-Related Activities: MAS

Banks expected to take appropriate measures on firms linked to haze-related activities: MAS

Singapore's central bank on Wednesday (Oct 28) reiterated its expectations of banks' management of haze-related environmental risks in relation to their customers.The Monetary Authority of Singapore (MAS) said it expects banks to identify, assess, manage and monitor material environmental risks arising from their activities and exposures, including risks associated with pollution and deforestation.Banks here are also expected to take into...

Singapore central bank tells banks to monitor customers' haze risks ...

MAS says banks should limit exposure or cut ties with clients over clear environmental breaches linked to haze

It expects lenders to look at material environmental risks arising from clients’ activities and exposures Read more at The Business Times.

MAS urges banks to review ties with haze-linked firms

Banks urged by MAS to review financing ties with firms linked to transboundary haze and environmental breaches. Read more at straitstimes.com.

MAS Tells Banks to Scrutinise Clients Linked to Haze

The Monetary Authority of Singapore (MAS) has reinforced its expectations for banks to manage environmental risks linked to haze, including limiting financing or ending customer relationships where environmental laws have been clearly breached. MAS said banks should identify, assess, manage and monitor material environmental risks arising from their activities and exposures, including pollution and deforestation. [...]

MAS expects stronger measures over environmental breaches

MAS expects banks to take stronger measures, including limiting exposures or exiting the relationship, when clients clearly breach environmental laws.