THE Monetary Authority of Singapore (MAS) is seeking to impose new requirements on financial institutions (FIs) in Singapore to improve controls and facilitate investigations in market abuse cases.
SHARES of Singapore banks were hit on Monday amid a broader market selloff, on a cocktail of escalating trade tensions between the US and China and intensifying unrest in Hong Kong.
ALTERNATIVE asset firm TPG said on Monday that it has appointed David Tan as managing director, where he would be based in Singapore covering the South-east Asia market.
ALTERNATIVE asset firm TPG said on Monday that David Tan will join the firm as managing director, to be based in Singapore covering the South-east Asia market.
IN AN environment where interest rates are low and yields are less than desirable for those in the fixed income market, the temptation is to focus on riskier options that may earn higher returns. This must be done with care.
UOB is likely to launch its next digital bank in Vietnam or Indonesia within the next few months, following the opening in Thailand earlier this February of its mobile-only bank targeted at Millennials.
OCBC Group has, for now, left the door open on whether it would raise its 20 per cent stake in Bank of Ningbo - an acquisition option speculated by analysts as a means for the bank to boost its presence in Greater China.
THE Association of Banks in Singapore (ABS) has published updated guidelines for financial institutions (FIs) when they enter into cloud outsourcing arrangements.
KPMG in Singapore will raise salaries by 20 per cent for its auditors who obtain the Singapore Chartered Accountant (SCA) qualification by July 1, 2020, in a bid to improve the quality of audits for its clients and benefit the capital markets.
SINGAPORE banks have flagged muted loan demand amid dour sentiment as they head into the second half of this year, with flattish rates also set to weigh on lending margins.
