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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

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Published Mon, Apr 8, 2019 · 09:50 PM

    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.

    HyfluxDBSOCBCUOB

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