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2021-07-02

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Singapore’s MAS Seeks More Powers To Probe Financial Misconduct

The Monetary Authority of Singapore is seeking feedback on a proposal to strengthen its ability to g

Singapore’s MAS Seeks More Powers To Probe Financial Misconduct

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MAS also wants to extend this power to legal regulations governing banking, insurance, trust companies and payment services as well as the omnibus act for the financial sector.</p>\n<p>“This will strengthen MAS’ ability to hold persons accountable for offences under those Acts, “ MAS said in astatementon Friday.</p>\n<p>Other proposed amendments include:</p>\n<ul>\n <li>MAS may be able to reprimand a person for misconduct even after he or she has left a financial institution or the wider sector.</li>\n <li>Enabling MAS to impose requirements on certain financial institutions to manage risks arising from the conduct of unregulated businesses.</li>\n</ul>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore’s MAS Seeks More Powers To Probe Financial Misconduct</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Singapore’s MAS Seeks More Powers To Probe Financial Misconduct

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