THE Monetary Authority of Singapore (MAS) will be stepping up supervisory engagement to ensure that banks in the Republic are well-prepared to transition from Swap Offer Rate (SOR) - a key interest rate benchmark - to the Singapore Overnight Rate Average (Sora) by the end of 2021,...
CREDITORS can now legally seize money held in joint bank accounts under certain circumstances, the High Court ruled in a landmark judgment last month, departing from its previously-held position that joint accounts cannot be garnished as doing so may be unfair to the banks and the other...
