Description
During the last decade, many changes have taken place in the Singapore financial marketplace. The Monetary Authority of Singapore has implemented numerous reforms to liberalize financial services. Since 2002, two new laws have come into effect. The Securities and Futures Act and the Financial Advisors Act have important impact on the financial community. Institutions must hold the Capital Market Services (CMS) license and the Financial Advisors license and their representatives must pass the CMFAS examinations.
This book discusses the changes in detail. Part A provides details of the reforms and discusses the impact of the new laws and regulations. Part B highlights the wide range of financial services and products provided by the institutions. In this edition, two new chapters have been added. They focus on issues related to wealth management which has become the recent focus of many banks that provide services to high net worth individuals of HNWIs.
