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Disclosure with no transparency fails as fair dealing: MAS chief

Culture and conduct practices are uneven in financial industry here, says MAS MD Ravi Menon

Many financial institutions are "only starting" to develop tools and indicators to get a fuller, cross-functional view of the culture within their organisation, says Mr Menon.


IT IS transparency, not disclosure alone, that defines proper fair dealing from financial institutions, said Monetary Authority of Singapore's (MAS) managing director Ravi Menon on Monday, as the regulator notes the "uneven" culture and conduct practices in the financial...

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