15 November 2021
Earlier this year, Parliament passed the Banking (Amendment) Act 2020 (“BAA”). The BAA introduces several amendments to the Banking Act (“BA”) to update and enhance the Monetary Authority of Singapore’s banking regulatory framework.
In our alert, we outline the principal changes arising from the removal of the DBU-ACU divide and briefly examine the new licensing framework for merchant banks.
Click here to read more. (Registration Required).
For further information, please contact:
Teddy Tang, Linklaters
teddy.tang@linklaters.com
