China exposure: MAS seeks data from banks

THE Monetary Authority of Singapore (MAS) has asked banks here for information on their exposure to China companies, including those based offshore, as worries over commodity financing fraud persist.

"They are querying banks on our exposure to these companies," said a source from a local bank yesterday.

MAS wants information on banks' trade finance and commodity finance business, the source said.

The questions are quite broad and many banks, f…