Singapores regulatory authorities are working on norms that would bring financial holding companies under its ambit as it seeks to enhance the regulatory framework for combating money laundering and terrorism financing.
Singapores life industry recorded a 24% on-year growth in total weighted new business premium for the first quarter of the year, according to the Life Insurance Association.
The Monetary Authority of Singapore has begun a second consultation to the risk-based capital (RBC) framework for insurers, which it says is proposed to improve the comprehensiveness of the risk coverage and the risk sensitivity of the current framework.
Football training sessions for expat youngsters featuring well-known players are one of the ways AAM Advisory is making itself known to Singapore's expatriate community
Creating a more robust insurance industry in Singapore, based on sound institutions and high quality financial advice, are at the core of a series of initiatives being taken by the country’s Central bank.
The UK and Singapore have agreed to deepen their financial and economic cooperation and also supported the setting up of a private sector forum to boost development of the offshore renminbi market
The Monetary Authority of Singapore and the Singapore Exchange have drawn up plans to strengthen the securities market after shares in three companies unexpectedly plummeted on the same day last year.
The Monetary Authority of Singapore is to allow eligible financial institutions to apply for a licence permitting them to invest in China’s onshore securities market.
The Singapore government is to tighten controls aimed at combating money laundering and terrorist financing in some sectors‚ as the City regulator warns financial adviser controls “show weakness”.
Financial advisers, brokers and others with products and services to sell in Singapore are altering their business models ahead of the launch of a “Do Not Call Registry” in the city-state.
By 2020, Asia is likely to account for almost 40% of the global market with annual growth of about 8% a year, according to Ravi Menon, managing director of the Monetary Authority of Singapore.
In a bid to strengthen cooperation on financial sector development and regulation, Singapore and China today agreed on series of initiatives that will further promote the international use of the Renminbi through Singapore.
