Don't shoot the ATM, it's just a distribution tool: banks
MAS says it hasn't uncovered any 'impropriety' by DBS in May 2016 sale of Hyflux securities
Singapore
AS RETAIL investors cast about for someone to blame for their Hyflux woes, the ATM (automatic-teller machine) is the latest in the firing line.
But the ubiquitous ATM is just a distribution channel, said bankers. One pointed out that distribution is not the same as a sale. "We have to do proper financial needs analysis if we are selling investment products," she said.
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