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Singapore Regulators Propose Allowing Banks To Invest In Non-Financial Businesses

June 28, 2017
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Singapore Regulators Propose Allowing Banks To Invest In Non-Financial Businesses

June 28, 2017
Singapore regulators have proposed rules that will make it easier for banks to conduct or invest in non-financial businesses, such as eCommerce and digital payment platforms — allowing banks to better compete with non-bank firms in these areas. According to Bloomberg News, under the bank regulation proposals, lenders will no longer need regulatory approval to invest […]