The Monetary Authority of Singapore also slapped BSI with a $9.5m fine and sent six senior managers and staff to the public prosecutor to evaluate whether they have committed criminal offences.
Tag: Singapore
Singapore widens retail investor bond access
Retail investors are now able to invest in a suite of bonds previously closed to them after the Singapore Exchange introduced a new “bond seasoning framework”.
The complex art of portfolio shaping
Asset managers are dealing with an increasing amount of factors when they construct a portfolio, which raises the chances of error, according to Craig McGee, partner at Sherpa Funds Technology in Singapore.
Singapore-UK in fintech cooperation
Singapore’s MAS and the UK’s FCA have agreed to cooperate to promote cross-border financial technology development.
SSGA builds ETF team in Asia
Two appointments are aimed at strengthening ETF research and product capabilities in Asia-Pacific.
OCBC to buy Asia WM business of Barclays
After much speculation, the acquisition has been announced and it will be done via OCBC’s wholly-owned private banking unit Bank of Singapore.
Singapore to set up fintech office
The Monetary Authority of Singapore is in a push to develop a financial technology industry, following Hong Kong’s move last month.
FSA Income Forum Singapore 2016
A look at the Fund Selector Asia Income Forum, held in Singapore on 1 March at the Raffles Hotel.
US tax authorities demand Singapore bank records
The IRS wants Singapore to waive its bank secrecy laws and push UBS into releasing financial information of a US citizen.
Wealth management fees hit 5-year high in Singapore
Wealth management fees more than doubled between 2010 and 2015 at Singapore’s three banks, as Asia Pacific surpassed North America as home to the largest number of high net worth individuals.
