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MAS refines anti-commingling framework to accommodate online sales platforms

The Monetary Authority of Singapore (MAS) has published a consultation paper aimed at refining the anti-commingling framework so that banks can operate online sales platforms. MAS wants to amend the existing anti-commingling regulatory framework in order to “make it easier” for banks to conduct or invest in permissible businesses that are non-financial but related or complementary to their core banking…

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