Singapore
Regulations helping drive ETFs in Asia
The passive products are gathering momentum in Asia, which is still in the early stages of ETF adoption, said Deborah Fuhr, managing partner of UK-based research consultancy ETFGI.
‘Explosive demand’ sees Arton Capital expand into Singapore
Global advisory firm Arton Capital has expanded into Singapore, setting up a new office in the city-state to cater for the “explosive demand” for investment advice from expats looking to gain second citizenship.
BTG Pactual demands over $100m from Generali over BSI fines
Brazilian investment bank Banco BTG Pactual is looking to recover more than $100m (£65.5m, €84.6m) from Italian insurer Generali in fines levied by the Swiss and Singaporean authorities against BSI bank.
Singapore regulator orders BSI Bank shut down
In the “worst case of control lapses and gross misconduct seen in the Singapore financial sector” Switzerland-headquartered BSI Bank is to be shut down, with six former and current members of staff referred to the public prosecutor, the first such move by the Monetary Authority of Singapore (MAS) since 1984.
Singapore regulator stops operations of fund house
The Monetary Authority of Singapore said V Wealth Capital Pte can no longer conduct its fund management business in Singapore after failing to comply with a number of rules.