Singapore unveils new rules to strengthen banking system

[Lancelot]

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.

http://www.channelnewsasia.com/news/busi...um=twitter

[specuvestor]

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.