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Price transparency requirement may dent profitability of PBs: Synpulse

Private banks’ profitability may be hurt if long accepted market practices regarding price transparency and disclosure have to be abandoned. The regulators in Hong Kong and Singapore require banks to adhere to pricing arrangements agreed with clients, to capture any bilaterally agreed pricing arrangements and to notify their clients about price differences, if any. Fundamental challenge Prasanna Venkatesan, partner at…

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