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MAS favours going after errant bankers

Mr Menon said MAS made a record net profit of S$24.3 billion in fiscal 2017. It focuses on steady, long-term returns based on conservative investments.

THE hefty fines that hit banks in the United States and Europe for misconduct are punishing shareholders of such institutions rather than addressing the misdeeds of individuals - a serious failing of the current regulatory regime, said Monetary Authority of Singapore (MAS) managing director Ravi...

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