SHARE
News in Brief - Caproasia Online

Are you looking for your next career? Banks, Private Banks, IFAs, Fund Management Co.? Search for wealth & investment Jobs here or join thousands of leading financial professionals to receive the latest news and updates here

MAS Seeks More Protection for Accredited Investors

The Monetary Authority of Singapore intends to introduce legislative amendments to safeguard wealthier investors.  The revisions are focused at granting wealthy individuals the option to choose protections available to retail investors.

Currently, Singapore law assumes that rich investors are better informed and have greater means to protect their own interests and therefore exempts banks from having to provide certain disclosures about financial products that are made to retail investors.

News Source: Bloomberg

 

About Monetary Authority of Singapore

Monetary Authority of Singapore
Monetary Authority of Singapore

Monetary Authority of Singapore (MAS) is Singapore’s central bank, which was formed back on 1 January 1971. It promotes sustained, non-inflationary economic growth through appropriate monetary policy formulation and close macroeconomic surveillance of emerging trends and potential vulnerabilities. MAS manages Singapore’s exchange rate, foreign reserves and liquidity in the banking sector. It is also an integrated supervisor overseeing all financial institutions in Singapore — banks, insurers, capital market intermediaries, financial advisors, and the stock exchange.

  • Origin : Singapore
  • Assets : USD 385.12 billion
  • Revenue : USD 1.89 billion

Official Website: www.mas.gov.sg

Advertisement


News & Media: Press Release

Updated on 8th August 2016

 



Caproasia Online is an E-Magazine for Wealth Managers, Private Bankers & Investment Professionals.  View latest jobs in Banks, Private Banks, IFAs, Fund Management at the Jobs Center or join thousands of leading financial professionals to receive the latest news and updates here

For content usage and citations, kindly provide a backlink or whenever possible – Source: Caproasia Online.