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Scrutiny may go beyond 'retail' foreign banks

Systemic importance here and exposure to short-term funding key criteria

[SINGAPORE] The latest move by Singapore to regulate and supervise a list of "too big to fail" banks may not just target foreign lenders with a retail presence - an initial assumption bounced around by the banking circle.

Instead, the list of foreign banks should reflect their systemic importance here, and any vulnerabilities from relying on short-term funding, even as banks operate in a strictly regulated system.

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