Opt in or out? Singapore’s accredited investors must choose
Recent defaults on bond payments by companies such as Swiber Holdings last year offer validation for the Monetary Authority of Singapore’s (MAS) push for enhanced investor protection.
SFC fines EFG Bank for dealing futures without license
The Hong Kong operation of EFG Bank, a subsidiary of Swiss private bank EFG International, was fined HK$2m ($260,000) for dealing in futures contracts for 13 years without a required license.