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Banks unfazed by stricter rules for defining accredited investors

They say the regulations won't have material impact on wealth management revenues or their private banking business

Published Mon, Oct 3, 2016 · 09:50 PM

Singapore

BANKS are sanguine about their wealth business ahead of new rules defining who qualifies to be truly rich, saying the impact of these rules is not going to be significant.

In a bid to protect retail investors, the Monetary Authority of Singapore (MAS) is tightening the rules that define accredited investors (AIs).

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Companies & Markets

Companies & Markets

Banks unfazed by stricter rules for defining accredited investors

KEYWORDS IN THIS ARTICLE

Companies & Markets

J&J advances US$6.48 billion settlement of talc cancer lawsuits

US holds quarterly debt sale steady, starts buybacks this month

US dollar nears six-month high after pre-Fed data shock, yen steady

KFC parent Yum reports surprise drop in global same-store sales on weak demand

Pfizer lifts 2024 profit view on cost cuts, higher Covid vaccine demand

Shell exits China power market businesses

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