MAS lifts structured notes ban for DBS, Malayan Banking and RBS


The Monetary Authority of Singapore (MAS) has lifted the bans imposed on DBS Bank, Malayan Banking and RBS on July 7, 2009 on the sale of structured notes in Singapore. The ban will be lifted with effect from February 12 for Malayan Banking and RBS.

DBS has assured the MAS it will not sell structured notes to retail customers anywhere in the group until it has rolled out enhanced measures and sales processes in all its key markets. This includes Singapore, even though the measures have already b