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April Regulatory Round-up: PBs in spotlight as clients face losses; MAS aligns with Hong Kong on suitability; China loosens overseas JV ownership rules

The second month into the COVID-19 pandemic, Asian Private Banker talked to consultants and lawyers on the importance of keeping clear paper trails in view of possible disputes with clients who suffered losses. In Singapore, MAS standards for suitability are aligning with Hong Kong while in China, PBs and WMs are expanding their footprint following the relaxation of rules governing…

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