Singapore proposes 10% op risk charge for securities firms
SINGAPORE -- Singapore regulators are proposing an operational risk charge of 10% of annual income, where appropriate, for securities and futures intermediary firms that aren’t members of Singapore exchanges.
The move is part of a new capital adequacy regime that will complement a single licensing framework for securities and futures firms, the Monetary Authority of Singapore (MAS) said in early July.
The firms will have to satisfy a risk-based financial resources requirement that will reflect
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