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Banks face challenge of strengthening “tone from the middle”: MAS

After conducting thematic surveys and inspections, the Monetary Authority of Singapore (MAS) has published an information paper on the challenges banks face in promoting banking and company culture, including strengthening the tone from the middle and improving incentive frameworks. Prior to the paper’s release, Ho Hern Shin, assistant managing director (banking and insurance) at MAS, gave a speech at the…

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