Financial Services and Wealth Management in Singapore

Financial Services and Wealth Management in Singapore

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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 sector. 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) licence and the Financial Advisors licence 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 or HNWIs. This book should be of interest to all financial institutions and professionals. It is also a must-read for investors who have to choose from a wide range of financial products. It will be especially useful to students and professionals in banking and finance.access trade services such as salary crediting through GIRO, apply for letter of credit, shipping guarantee and numerous business transactions. Credit and Debit Cards Credit and Debit Cards Most banks issue a wide range of credit and debit anbsp;...

Title:Financial Services and Wealth Management in Singapore
Author:Tan Chwee Huat
Publisher:NUS Press - 2011-08-01


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