Regulatory Alerts2022-05-26
Added
Guidelines for Operation of Wholesale Banks
The Monetary Authority of Singapore issued these guidelines to regulate the operations of wholesale banks in Singapore. The document outlines permissible banking activities, conditions for issuing bonds and negotiable certificates of deposit, and requirements for maintaining a place of business. It also establishes rules for the issuance and safekeeping of bearer securities, Asian Currency Unit operations, and SGD lending to non-resident financial institutions.
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