Singapore ifas welcome regulator response
Financial advisers in Singapore have welcomed the greater clarity given by the Monetary Authority of Singapore response to the FAIR consultation.
Financial advisers in Singapore have welcomed the greater clarity given by the Monetary Authority of Singapore response to the FAIR consultation.
The Monetary Authority of Singapore, the Securities Commission of Malaysia, and Securities and Exchange Commission of Thailand have entered into an agreement to facilitate cross-border offering of collective investment schemes to retail investors in the three countries.
Jurisdictions across the world are inconsistently trying to reform banking structures in a bid to end the “too big to fail” issue, Monetary Authority of Singapore managing director Ravi Menon has said.
Unigestion, a Geneva-based institutional asset manager with more than $13bn in assets under management, has received a capital markets services licence from the Singaporean regulator, as it moves to expand its presence in Asia.
Sisters Tanya Maher and Rebecca Regan are among three advisers who have joined Singapore-based AAM Advisory from International Financial Services, a local rival.
It's not exactly a secret that Singapore is increasingly becoming Asia’s wealth management centre of choice as well as the choice of growing numbers of individuals living in many other corners of the globe and this was reinforced today in a wide-ranging report by the city-state’s regulator.
As part of its continued drive to flush out bad financial practice and boost the standard of advice and product provision in the Southeast Asian city, the Monetary Authority of Singapore (MAS) has reprimanded a Malaysian bank for allowing unauthorised employers to dispense financial advice.
The Monetary Authority of Singapore has called on the Association of Financial Advisers in Singapore to take the lead in coming up with initiatives to address problems identified in the industry.
From today, some forms of tax avoidance will be regarded as money laundering “predicate offences” in Singapore.
Strengthening ties between Asia and the Middle East, particularly within the Islamic finance sector, have been highlighted in a speech by one of Singapore’s senior politicians.
Singapore’s central bank has announced a four-pronged strategy to help tackle international tax evasion and to increase its tax information sharing with other countries.
Kelso Beggs, for many years the chief operations officer of International Financial Services in Singapore, has been appointed head of distribution at AAM Advisory, as the company moves to strengthen its management structure ahead of expansion.