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Singapore unveils new rules to strengthen banking system

Singapore unveils new rules to strengthen banking system

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Lancelot Offline
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#1
24-06-2014, 09:07 PM
The Monetary Authority of Singapore announces new liquidity requirements as part of measures to make local banking system more resilient. Foreign banks with significant retail presence in Singapore will have to incorporate locally.

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specuvestor Offline
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#2
25-06-2014, 11:17 AM
As posted in another thread, onshore and offshore are very different. It is a good move to force foreign banks to have sufficient liquidity onshore, and be regulated by our companies act onshore.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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