Tag: Financial Regulation
-
Singapore’s Way Forward: A Timely Push to Help Retail Investors Seek Compensation for Losses
Introduction: A Regulator’s Resolve Singapore’s stock market has shown new life in recent months, driven in part by energetic regulatory action from the Monetary Authority of Singapore (MAS). The central bank’s latest proposals focus on enhancing protections for retail investors and clarifying avenues to seek redress for wrongful losses. As investors navigate a more complex…
-
Singapore Must Stand with Retail Investors in Seeking Compensation for Wrongful Losses
Singapore Moves to Protect Retail Investors The past six months have seen a notable shift in Singapore’s stock market sentiment, with renewed attention on investor protection and accountability. After a prolonged lull, regulators and policymakers, led by the Monetary Authority of Singapore (MAS), have signaled a clear intent: retail investors should have better avenues to…
-
Singapore Takes Bold Steps to Protect Retail Investors Seeking Compensation for Wrongful Losses
Singapore Moves to Strengthen Protection for Retail Investors In a decisive shift for the Singapore stock market, regulators are stepping up efforts to protect retail investors from wrongful losses. The Monetary Authority of Singapore (MAS) has unveiled a package of proposals designed to improve transparency, accountability, and recourse for individual investors who suffer adverse outcomes…
-
FIC Clears Richard Nii Armah-Quaye After Probe, Unfreezes His Accounts
Overview: FIC Finds no wrongdoing The Financial Intelligence Centre (FIC) of Ghana has concluded its investigations into the financial activities of Richard Nii Armah-Quaye, a prominent Ghanaian businessman. In a development that has been welcomed by his supporters and the business community alike, the FIC has cleared him of any wrongdoing and moved to unfroze…
-
Singapore’s Role in Cambodian Pig-Buting Scam Ring Under Scrutiny: Chen Zhi’s Transnational Network
Overview: A Singapore Connection in a Global Scam Ring Singapore has found itself at the center of a multinational money‑laundering investigation that links a Cambodian criminal network to high-profile financial players in Southeast Asia. U.S. prosecutors have charged Chen Zhi, the chairman of the Prince Holding Group, with running a vast criminal operation that used…
-
Lloyds Warns of a Greater Hit From Car Loan Finance Scandal
Overview: Lloyds flags a potentially bigger bill Lloyds Banking Group has signalled that the cost of the motor finance mis-selling scandal could exceed its previous provisions, amid ongoing regulatory scrutiny and the evolving compensation scheme. While the lender had already set aside around £1.2bn to cover expected payments, it warned that an additional provision is…
-
FTSE 100 Live: Lloyds climbs as gold vaults over $4,000 while miners rally
Market snapshot: a broad-based lift for UK stocks The FTSE 100 finished the session higher, edging up and extending a remarkable stretch of gains as investors rotated into a mix of high‑quality cyclicals and financials. Lloyds Banking Group contributed to the move for banks, while miners propelled the index with copper and precious metal exposures…
-
RBI Deputy Governor Appointment: Shirish Chandra Murmu Named Deputy Governor
RBI Deputy Governor Appointment: Shirish Chandra Murmu Named Deputy Governor In a move that underscores the government’s ongoing leadership transition at India’s central bank, the Union Cabinet’s Appointments Committee approved the nomination of Shirish Chandra Murmu as Deputy Governor of the Reserve Bank of India (RBI). Murmu is set to assume the post for a…
-
RBI’s New Deputy Governor: Who is Shirish Chandra Murmu?
Who is Shirish Chandra Murmu? The Government of India has named Shirish Chandra Murmu as the Reserve Bank of India’s (RBI) new deputy governor. The appointment comes after the Appointments Committee of the Cabinet (ACC) approved the nomination, and Murmu will serve a three-year term in this senior regulatory role. As the second-highest rank in…
-
New MAS Guidelines for Financial Content Creators in Singapore
Introduction to MAS Advisory Letters On September 25, 2023, the Monetary Authority of Singapore (MAS) announced that five content creators would receive advisory letters for potentially providing financial advice without the necessary licenses. This action underscores the increasing scrutiny over online financial advice amid a rapidly evolving digital landscape. New Guidelines Effective March 2026 MAS…