MAS lifts bans on structured notes sales for DBS, Malayan Banking and Royal Bank of Scotland
The Monetary Authority of Singapore (MAS) has lifted the bans imposed on DBS Bank, Malayan Banking and Royal Bank of Scotland (RBS) on the sale of structured notes in Singapore. The ban was imposed by the financial regulator on July 7, 2009 and was lifted with effect from February 12 for Malayan Banking and RBS.
The MAS says DBS has given assurances that it will “not sell structured notes to retail customers anywhere in the group until it has rolled out enhanced measures and sales processes in
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