The Association of Banks in Singapore (ABS) has today announced enhancements to its private banking code of conduct in a bid to ensure greater fee transparency. Private banks are now required to provide clients with a fee schedule that discloses “fees, charges and other quantifiable benefits including commissions, rebates and retrocessions” for all investment products and services at the point of account-opening. Private banks…
Singapore’s private banking industry tightens up on fees transparency
23 November 2016

Share article
Share article
Related News

Singapore IAM aims to give UHNWIs total control and transparency over their wealth
15 August 2022

Hong Kong alts industry anxious about reopening boundary with mainland China
12 July 2022

Movers & Shakers – Private banks turn more selective as 2H22 looms
21 June 2022

From DPM to digitalisation: Five Asia-Pacific private banking trends to watch
14 June 2022

Bank of China (HK) hires private banking market head from HSBC
1 June 2022