New MAS rule sparks dispute between issuers and PBs on product classification

17 May 2019 | 4 minutes read

To enhance investor protection, the Monetary Authority of Singapore (MAS) has placed the onus of product classification on issuers, leading to heated discussions between product providers and private banks. Since the Global Financial Crisis, the region’s regulators have sought to better protect clients, resulting in regulatory changes such as the revised suitability requirements on complex products issued by the Securities and…

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