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
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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).
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
