Singapore regulator urges law change for sound financial system

Singapore regulator urges law change for sound financial system

The Monetary Authority of Singapore (MAS) is calling for a second reading of a Bill that it says will ensure a sound and resilient financial system for the city-state.

MAS is pushing for “The Monetary Authority of Singapore (Amendment) Bill 2017″ because it says it needs to update its laws and regulations that deal with resolution, “so as to ensure effective handling of a financial institution (FI) that gets into serious trouble, and especially to avoid contagion or a loss of confidence in the system”.

Read the full article at http://www.bankingtech.com/894261/singapore-regulator-urges-law-change-for-sound-financial-system/

The premier organisation for the corporate counsel community