Anthea Ong on Banking (Amendment) Bill

January 2020

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Anthea Ong on Banking (Amendment) Bill

(Updated: )

NMP Anthea Ong highlighted one “significant and glaring development” that must be part of the discussion on the Banking (Amendment) Bill. Speaking in Parliament on Monday (Jan 6), she said that with the growing prevalence of climate-induced events, there is an urgent need to safeguard financial assets, yet be innovative in legislative interventions to reduce future risks to Singapore's banking industry. She asked what the Government’s plans are for national green banks and green financing, including the standards for green loans.