SINGAPORE - Amid a global erosion of trust in the banking industry, a new group has been formed to promote better culture and conduct among banks in Singapore.
The MAS and ABS said in a joint statement on Wednesday that the group's aims are to identify best practices and share them with banks to facilitate their adoption; monitor trends and identify emerging conduct and culture issues within the banking industry; and collaborate with MAS on initiatives to promote strong culture and conduct, such as performing industry self-assessments or updating codes of behaviour.
ABS director Ong-Ang Ai Boon also said that the new group will help to ensure integrity and ethical behaviour."It builds on our existing practices to embed these values deeply among our member banks, so that as an industry, we will achieve higher standards of culture and conduct for our customers," she said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Zealand PM to visit Singapore todayNew Zealand Prime Minister Jacinda Ardern will officially visit Singapore today, at the invitation of Prime Minister Lee Hsien Loong. During her visit, the leaders will sign a joint declaration to deepen bilateral cooperation in four areas. The Singapore-New...
Source: thenewpaper - 🏆 7. / 63 Read more »
Singapore to work with New Zealand to tackle terrorism and violent extremism: PM LeeSINGAPORE — Singapore will work with New Zealand and other countries to tackle terrorism and violent extremism, said Prime Minister Lee Hsien Loong on Friday (May 17).
Source: TODAYonline - 🏆 1. / 99 Read more »
Singapore to work with New Zealand to tackle terrorism and violent extremismSINGAPORE — Singapore will work with New Zealand and other countries to tackle terrorism and violent extremism, Prime Minister Lee Hsien Loong said.
Source: TODAYonline - 🏆 1. / 99 Read more »
Citi appoints Brendan Carney as new Singapore CEOCITI on Friday said it has appointed Brendan Carney as chief executive officer (CEO) of Citibank Singapore, and Asean cluster head of its global consumer banking (GCB) division, with effect from May 16. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Brendan Carney named new CEO of Citibank SingaporeCITI on Friday said it has appointed Brendan Carney as chief executive officer (CEO) of Citibank Singapore, and Asean cluster head of its global consumer banking division, with effect from May 16. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
New Zealand, Singapore can 'model' benefits of free and rules-based trade, says PM Jacinda ArdernSINGAPORE - The kiwi fruit in your nearest supermarket are not about to get cheaper just yet. But the enhanced partnership and the upgraded free trade agreement that Singapore and New Zealand signed off on Friday (April 17) are attempts at upholding good practices at a time when the global trading system is fraying.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Singapore and New Zealand to step up cooperation in trade, defence and researchSINGAPORE - Singapore and New Zealand on Friday (May 17) signed a joint declaration to step up cooperation in four strategic areas, marking a milestone in their 54 years of diplomatic relations.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Singapore and New Zealand are 'natural partners', say PMsSINGAPORE: Singapore and New Zealand are “natural partners”, the countries' prime ministers said on Friday (May 17), after establishing an ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
New Zealand PM Ardern to make official visit to Singapore on FridayNew Zealand Prime Minister Jacinda Ardern will make an official visit to Singapore on Friday (May 17) at the invitation of Prime Minister Lee ... Hero
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore and New Zealand ink agreements to strengthen ties, deepen cooperation in key areasSINGAPORE: Singapore and New Zealand on Friday (May 17) signed a partnership agreement to bolster cooperation in trade, defence, and science, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Nigerian involved in million-dollar international money laundering scheme jailed in SingaporeSINGAPORE: A Nigerian man involved in a scheme to swindle Citibank in New York City was jailed and fined by a Singapore court on Thursday (May 16) ... Finally caught the 'Nigerian Prince'
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »